Import tariffs on nitrile rubber to be adjusted from January

On December 16, the Customs Tariff Commission of the State Council issued a notice on the tariff adjustment plan in 2022.
From January 1, 2022, the import and export tariffs of some commodities will be adjusted, and nitrile rubber is within the scope of this adjustment
.
According to the statistics of chemical big data, the tax rate for nitrile rubber imported from South Korea will be adjusted from 4% in 2021 to 3.
5%; for nitrile rubber from Japan, the tax rate will be adjusted from 7.
5% in 2021 to 7%; For Pakistani nitrile rubber, the tax rate will be adjusted from 3% in 2021 to 2%
.

According to the statistics of chemical big data, from January to October 2022, China imported nitrile rubber, with the largest proportion in South Korea, accounting for 44.
73%; followed by Japan, accounting for 17.
93%
.
The tax rate on nitrile rubber has been lowered, reducing import costs
.
However, since South Korea and Japan are still implementing anti-dumping tax rates on nitrile rubber, the scope of this tariff adjustment has limited impact on the cost reduction
.

According to the statistics of chemical big data, in 2020, China's nitrile rubber production capacity will be 255,000 tons per year, the output will be 203,000 tons, and the plant operating rate will be 79.
8%
.
In 2020, the import volume of nitrile rubber was 96,000 tons, an increase of 12,000 tons or 14.
3% year-on-year; the import value was 179.
65 million US dollars, a year-on-year decrease of 17.
04 million US dollars, a decrease of 8.
7%
.

Analysis by import source: In 2020, China's nitrile rubber imports mainly come from countries or regions such as South Korea, Russia and Japan
.
Among them, there are 46,000 tons from South Korea, accounting for 47.
9% of the total import; 20,000 tons from the Russian Federation, accounting for 20.
6% of the total import; 15,000 tons from Japan, accounting for 15.
8% of the total import
.
The total imports from the above three regions accounted for 84.
3% of China's total nitrile rubber imports
.

In terms of international trade, the total international trade of nitrile rubber in 2019 reached 860 million US dollars, and the total trade volume was 296,000 tons
.
In terms of imports: In 2019, the world's nitrile rubber imports mainly came from countries and regions such as China, the United States and India
.
Among them, China is the number one importer, with a total import volume of 84,000 tons in the whole year, accounting for about 22.
3% of the world's total imports; followed by the United States, with a total import volume of 53,000 tons, accounting for about 14.
1% of the world's total imports; The third place is the total import volume of 40,000 tons, accounting for about 10.
6% of the world's total import volume
.
The total import volume of the above three countries accounts for 47.
0% of the world's total import volume

Export: In 2019, the world's nitrile rubber exports mainly came from countries or regions such as South Korea, Japan and the Russian Federation
.
Among them, South Korea exported 126,000 tons of nitrile rubber throughout the year, accounting for about 42.
6% of the total world trade; followed by Japan, with a total export volume of 46,000 tons, accounting for about 15.
5% of the world's total trade; the Russian Federation ranked third , the total export volume is 34,000 tons, accounting for about 11.
7% of the total world trade
.
The total export volume of the above three countries accounted for 69.
8% of the total world trade
.