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IRSG: World rubber demand is expected to rebound by 7.4% in 2021

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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The International Rubber Research Organization (IRSG) stated in its July edition of "World Rubber Industry Outlook" (WRIO) that with the strong recovery of the global economy, total rubber demand is expected to increase by 7.
4% year-on-year (the same below) in 2021, and 2022 The annual growth rate will slow to 4.
7%
.

At the same time, IRSG predicts that world tire demand will rebound from a decline of 7.
3% in 2020 to an increase of 7.

2% in 2021

Thanks to the continuous surge in demand from the medical industry and the mobile supply chain, the non-tire industry is expected to grow by 7.
6%

IRSG also predicts that global natural rubber (NR) demand will rebound by 7.
1% this year, from a decline of 6.

8% in 2020 to 12.

In addition, IRSG stated that the lower total planting rate will have an impact on medium and long-term supply
.
It is estimated that the total output of natural rubber this year will rebound by 6.
5% to 13.

86 million tons, exceeding the level before the epidemic in 2019.
In 2022, the growth of natural rubber production will slow to 3.

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