Market Analysis of China's Synthetic Rubber Industry in 2018: Cumulative Output of 5.6 million Tons

Statistical Analysis of China's Sales of Synthetic Rubber Q1-Q4 in 2018

In the first quarter of 2018, the sales volume of synthetic rubber in China reached 1.301 million tons, with a production and sales rate of 98.5%. Sales volume in the second quarter was 2.696 million tons, with a sales-production rate of 101.5%. Sales volume reached 3885,000 tons in the third quarter, with a production and sales rate of 98.9%. In the fourth quarter, sales reached 54.04 million tons, with a production and sales rate of 98.5%.

China's synthetic rubber production in 2018 is about 5.6 million tons

According to the statistics published by the Institute of Prospective Industries, China's synthetic rubber industry market outlook and investment planning analysis report shows that by December 2018, China's synthetic rubber production reached 496,000 tons, an increase of 4.9% over the same period last year. In terms of cumulative production, China's total production of synthetic rubber from January to December 2018 was 5.59 million tons, a cumulative increase of 7.1%.

(Note: In March, the output of synthetic rubber in China increased by 15.8% in the same month. In August, China's cumulative production of synthetic rubber increased by 7.9%.

Natural and synthetic rubber (including latex) imports exceeded 7 million tons in 2018

China's natural and synthetic rubber imports grew gradually in the first quarter of 2018 to the fourth quarter, of which China's natural and synthetic rubber imports grew the most in the third quarter of 2018, an increase of 6.31% compared with the second quarter. In December 2018, China imported 667,000 tons of natural and synthetic rubber, a slight decrease of 1% over the previous year and a decrease of 20.6% over the previous year. In total, China imported 7.08 million tons of natural and synthetic rubber (including latex) in 2018, down 2% from the same period last year.

In terms of import amount, the import amount of natural and synthetic rubber in China increased gradually in the first quarter of 2018, and the import amount of natural and synthetic rubber in the fourth quarter of 2018 increased by 4.37% compared with the first quarter. In December 2018, China's imports of natural and synthetic rubber amounted to $103 million, down 28.5% from the same period last year.