Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
November 09, 2015 01:00 AM

ANRPC: Slowdown in China, other countries hurt NR growth

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    KUALA LUMPUR, Malaysia (Nov. 9, 2015) — Natural rubber production has dropped nearly 1 percent among member nations of the Association of Natural Rubber Producing Countries (ANRPC), and a softening of Chinese and other emerging markets is largely to blame, the ANRPC said.

    Year-on-year, NR production in October 2015 stood at 8.994 million metric tons, down 0.9 percent from October 2014, according to the October 2015 issue of Natural Rubber Trends & Statistics, the ANRPC's official monthly publication.

    “The challenges, in emerging and developing economies in particular, have become more accentuated in the past months,” according to the report. “China's downturn has become more pronounced and needs close monitoring as it has a direct bearing on the performance on NR trade, which is currently experiencing contraction.”

    Low NR prices are causing rubber growers to reconsider their crop, according to the ANRPC.

    “Reports from China indicate that between 10 to 15 percent of rubber farmers have left their plantations for better opportunities in the cities,” the October ANRPC report said. “Some Chinese processing factories, especially in the private sector, had to stop producing intermittently due to the risk of fluctuating price or lack of availability of raw materials.”

    Year-to-date NR exports from ANRPC member countries are down 1.7 percent, according to the association. Thailand and Indonesia, the world's two largest NR producers, are especially hard-hit by declining exports, though internal consumption is buoying domestic demand in China, Indonesia, Thailand, Malaysia and Vietnam, the October report said.

    Most ANRPC member countries have revised their NR production estimates downward, according to the report. Based on this, the ANRPC now estimates that total NR production in member countries will be 10.937 million tons in 2015, down slightly from 2014's 10.952 million tons.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Goodyear to trim jobs amid 'uncertain' economic outlook
    2
    Executives on the move: Hankook promotes key U.S. positions
    3
    Our View: Early look at tire industry in 2023
    4
    Point S looks to grow with new initiatives, dealer program
    5
    Goodyear to upgrade Cooper plant in China
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION