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Consumption

Evolution of the global consumption of natural rubber

The consumption of natural rubber is linked to the development of the automotive industry and especially tyres. This consumption is driven by growth in the emerging markets which include China and India.
The slowing down of Chinese growth has put on hold the increase of world consumption of natural rubber for a few years.
Despite the slowing down of Chinese and emerging markets growth, consumption has increased by an average of 4,6% per year from 2016 to 2018.
Offer remains abundant, due to important plantings favoured by top of cycle phase of 2005 to 2012. These plantings are now stabilized, but the rubber immaturity period of 7 years creates inertia in the adaptation of supply to demand. Overproduction remains insignifican in 2018 at 2%, but this slight surplus situation has been recurrent since 2012.


Distribution of the global consumption of natural rubber

China's share in natural rubber global consumption increased from 25% in 2005 to 42% in 2018.
 


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