The world's natural rubber production and consumption forecast profile

By supply concerns push, natural rubber prices are high refresh a few points.

Southeast Asia's drought in southern Thailand, as well as the major rubber producing areas of the riots, is causing a shortage of supply of natural rubber. At the same time, as climbing oil prices, petroleum-based Synthetic production costs and more expensive.

Consumption:

According to the International Rubber Study Group (IRSG) 6 months of this year the total rubber consumption to increase by 3.7 percent to 20,680,000 tons, next year will increase by 4.1 percent to 21,510,000 tons.

Due to rising oil prices, natural rubber consumption expected to increase 5.2 percent to 8,681,000 tons, next year will rise 3.6 percent to 8,993,000 tons.

Synthetic this year, consumption will increase by 2.6 percent to 12,000,000 tons, next year will grow by 4.4 percent to 12,520,000 tons.

Latin America rubber abode before the increase in consumption this year will reach 6.3 percent. Followed by the Asia-Pacific region is expected to increase 4.1 percent in Africa increased by 4.1%, 3.6% in North America.

Natural rubber production:

According to the International Rubber Study Group, the world's natural rubber production this year will grow by 3.6 percent, to 8,934,000 tons in 2006 will increase 0.9 percent to 9,011,000 tons. Thailand the world's natural rubber production in the first.

The following table of organization for the major rubber producing country's production forecasts (Unit: thousand tons)




2004


2005





2006







Production


Production


% Change


Production


% Change

Thailand


2959


3080


4.1


3080


0.0

Indonesia


2066


2184


5.7


2215


1.4

Malaysia


1175


1211


3.1


1193


-1.5

The rest of Asia


1912


1936


1.3


1986


2.6

Africa


387


397


2.7


406


2.1

Latin America


181


188


3.6


194


3.2

Global


8620


8934


3.6


9011


0.9

Synthetic production:

Synthetic production in 2005 is expected to grow by 1.0 percent to 12,080,000 tons; in 2006 will grow by 2.9 percent to 12,430,000 tons.