IRSG forecasts 5 percent growth in rubber demand in 2011

ERJ staff report (DS)

Singapore -- The April-June 2011 editions of the Rubber Statistical Bulletin and the Rubber Industry Report are now available from the International Rubber Study Group. The Group forecasts that global rubber demand will reach 25.7 million tonnes in 2011 and 27.6 million tonnes in 2012. Global SR demand is expected to grow by 5.0 percent in 2011 and 9.0 percent in 2012, while global NR demand is forecast to rise by 3.8 percent in 2011 and 5.4 percent in 2012.

In 2010 global rubber consumption reached 24.6 million tonnes in 2010, 15.3 percent higher than in 2009, reflecting a strong recovery in the demand for vehicles and tyres. Global SR production was 14.1 percent higher than in 2009, in line with the strong recovery seen in SR consumption, while global NR supply was 7.2 percent higher than in 2009.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from IRSG

Report from China via Rubber Market News (Gives slightly more detail)