The world total rubber consumption increased to 27.2 million tonnes in 2016 with a 1.8% increase on a year-over-year, driven by strong market activities in China, especially in Q4 2016, according to the latest statistics from the International Rubber Study Group(IRSG).
The auto industry in China registered a rapid growth, with its sales and production both hitting new records in 2016, signalling
a recovery from Chinese manufacturing recession. Strong tyre export growth in emerging markets also supported increase in rubber consumption in 2016.
Rubber consumption in Asia-Pacific, excluding China, increased at a rate of 3.4% to 8.15 million tonnes in 2016, primarily driven by growing tyre exports and replacement sales in the ASEAN region as well as rising consumption in the non-tyre sector. Rubber consumption in Europe and Americas improved in Q4 2016 with the support of strong replacement tyre sales while the year-on-year consumption fall was due to the weak growth in H1 2016.
The world natural rubber consumption increased 3 per cent to 12.51 million tonnes in 2016, while there was only a marginal growth of 0.4% in synthetic rubber consumption to 14.7 million tonnes in 2016.