THE International Rubber Study Group (IRSG)’s latest October-December 2011 report says that global rubber consumption reached 25.8 million tonnes by end Q3 2011, 6% higher than 2010, reflecting a decelerating increase in the demand for vehicles and tyres.
Global synthetic rubber (SR) production was 7.5% higher than at end Q3 2010, in line with the relatively strong growth seen in SR consumption supported by competitive prices, while global natural rubber (NR) supply was 4.1% higher than at end Q3 2010.
The global rubber demand is forecast to reach 27.2 million tonnes in 2012. Global SR demand is expected to grow by 5.5% in 2012, while global NR demand is forecast to rise by 4.6% in 2012. The global NR production is forecast to rise by 5.1% in 2012, driven by a higher growth in normal production.
Annual subscriptions and single copies of the above report can be purchased by non-members via the website of IRSG: www.rubberstudy.com (PRA)
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