Exports to remain strong despite some hurdles Rubber product shipments in China are forecast to increase 8. 6 percent annually through 2017 to VIVA billion, benefiting from sizable expansions In the domestic racket as well as rising export demand for Chinese rubber products, especially tires, as the quality of Chinese rubber products continues to become internationally competitive. China will continue to see a significant trade surplus in rubber products for the foreseeable future.
Exports of rubber products will grow 7. 3 percent per year through 2017, driven by competitive prices and improved product quality. However, the Else’s new tire labeling regulations, which took effect in November 2012, and the continued ant-dumping duties imposed by the US and Brazil will restrain Chinese tire exports to some extent. Imports of rubber products are expected to grow 6. 9 percent annually through 2017.
Foreign suppliers will continue to benefit from growing demand in China for higher quality industrial rubber products. Request a sample copy of this report @ http://www. Aromatherapies. Com/contacts/request- sample? Rename=201860 Tires are key rubber product segment Tires are the largest rubber product segment, benefiting from high motor vehicle production and a large motor vehicle park. As income levels continue to grow, greater demand for higher-priced tires will further boost product sales.
Tire demand will also receive a significant boost from industrial vehicles such as construction machinery and agricultural equipment, which utilize very expensive tires. Industrial machinery. Motor vehicle markets will lead gains The industrial machinery and motor vehicle markets have the largest impact on overall rubber product sales, as they accounted for 72 percent of total demand in 2012. Gains In these two markets are forecast to outpace the market average through 2017.
Sustained plans to expand industrial machinery and motor vehicle production will continue to stimulate growth. Rubber product demand In the aerospace and other transportation equipment market is projected to grow at the most rapid rate through 2017, benefiting from strong In-creases In the production of commercial aircraft such as CRACK and CHIC, helicopters, and aircraft parts. Company Profiles Profiles of 37 firms competing in the Chinese industry 1 OFF This study analyzes the rubber product industry in China.
The following types of rubber products are covered: tires (including those for motor vehicles, industrial machinery, bicycles, motorcycles, and other uses), industrial rubber products mechanical goods, belts, hoses, and other), and other rubber products (shoes, gloves, and other). The major markets for rubber products are industrial machinery, motor vehicles, aerospace and other transportation equipment, and other applications.
Natural rubber figures include the dry rubber content of latex. Synthetic rubber figures include solid styrene-butadiene rubber (SUB), polypropylene rubber (BRB), chlorine rubber (CAR), nitrite-butadiene rubber (N.B.), and other raw rubbers. Excluded from the scope of the study are thermoplastic lassoers (Types), latex SUB, carbohydrate SUB, and latex N.B.. The Special Administrative Regions of Hong Kong and Macaw are excluded from the scope of this study.
