Skip Navigation LinksHome > News Items > News Article

Latest World Rubber Industry Outlook now available from IRSG

08 July 2014

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 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 June 2014 edition of the World Rubber Industry Outlook (WRIO) is now available from the IRSG and contains two economic scenarios (IMF and Downside) and one supply control scenario.



World total rubber demand is forecast to increase at an accelerating rate of 4.1% and 4.4% over 2014 and 2015 respectively, growing above the long-term growth rate of 3.7% under the IMF Scenario to 28.0 million tonnes in 2014 and to 29.2 million tonnes in 2015.



World NR demand is forecast to increase by 4.5% in 2014 under the IMF Scenario and by 4.4% in 2015. The world total NR consumption is expected to be 11.9 million tonnes in 2014, 12.4 million tonnes in 2015 and increasing to 17.0 million tonnes in 2023.



World SR demand is expected to increase to 16.1 million tonnes in 2014 and rise to 16.8 million tonnes in 2015 under the IMF Scenario. In 2023, the demand for SR will by 22.0 million tonnes.



The outlook for NR supply is positive, with sufficient to meet the demand of the industry for all forecast years under all three scenarios.



Copies of the WIRO report can be purchased via the website of the IRSG:

www.rubberstudy.com



Back

Website developed by X-RM Ltd