In 2010, China's rubber demand is expected to average annual double-digit increase in growth this year is expected to increase to 12%. Yesterday, the China Rubber Industry Association said that imports of natural rubber this year, China will increase 8.7 percent to meet the domestic tire, auto parts, engineering machinery accessories, footwear and other industries.
Rubber Industry Association, vice president of the jenteh Fan predicted that China will import 175 tons of natural rubber, 8.7 percent more than last year; import of synthetic rubber will build 150 tons, an increase of 15%. In addition, he believes that by 2010, China's demand for rubber will continue to grow at an annual rate will reach double digits.
Fan Rende of the view that China's auto industry, infrastructure, as well as foreign tire manufacturers set up production bases in China, will bring China's rubber demand growth beyond the domestic rubber production. He predicted that this year China's demand for rubber increased by 12% in 2009 and 2010 will increase by 10%.
According to Chinese customs statistics, China's 2006 natural rubber imports to 1,610,000 tons, year-on-year growth reached 14.6 percent; imports of synthetic rubber imports 1,300,000 tons, up 19.2 percent.
Fan Rende also predicted that China's rubber output this year at around 600,000 tons, may be 1.7 percent more than last year. As a result, industry analysts pointed out that the strong growth of China's rubber demand, domestic rubber production has limited growth, which will widen the gap in the domestic rubber supply, thus affecting the development of the industry.
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