The Secretariat of the International Rubber Study Group (IRSG) publishes comprehensive data on production, consumption, trade and prices – covering both natural rubber (NR) and synthetic rubber (SR). On a biannual basis the World Rubber Industry Outlook (WRIO) presents the latest long-term forecasts for the next ten years, covering the world economy as well as the vehicle, tyre and rubber sectors.
The July 2020 edition of the World Rubber Industry Outlook (WRIO) is now available. The WRIO comprises three economic scenarios (IMF, Downside and Upside).
IRSG estimates, for the year 2020, a sharp decline in the global rubber demand by 12.6% year-on-year up to 25.2 million tonnes mainly because of the global pandemic. Containment measures including country lockdown, closure of factories and retail businesses and limited flow of labour and goods explains much of the downward trend in 2020 under the IMF Scenario. The global rubber demand is expected to rebound in 2021 (7.9%) driven by recovery in the tyre sector (6.9%) and growth in the non-tyre sector (9.3%) under the IMF Scenario.
World NR demand has declined by 1.0% in 2019 to 13.62 million tonnes. Under the IMF Scenario the growth is expected to decline by 11% in 2020, reaching 12.12 million tonnes. A recovery in NR demand (7.8%) is expected in 2021.
World SR demand has dropped by 1.0% in 2019 (15.18 million tonnes). Under the IMF scenario its growth is expected to decline by 14.0% in 2019, reaching 13.06 million tonnes. The SR demand is forecast to recover slightly faster (8%) than NR demand growth (7.8%) in 2021.
All IRSG publications are available free of charge for Member Governments and members of the Panel of Associates. Annual subscriptions and single copies can be purchased by non-members via the website of the IRSG: www.rubberstudy.com
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