Natural rubber demand continued to fall through tail end of 2020


The Association of Natural Rubber Producing Countries (ANRPC) has released its Natural Rubber Trends & Statistics report for October-November 2020.

It notes that world production of natural rubber (NR) fell by 8.5% year-on-year to 10.098 million tons, between Jan-Oct 2020. Anticipating a 10.8% drop during Nov-Dec 2020, the production during the full year 2020 is expected to be 12.597 million tons, down 9.0% from the previous year. The revised outlook represents a downward revision by 304,000 tons, or 2.2 % from the 2020 outlook that ANRPC predicted in September 2020.

In 2021, the organization anticipates world production to recover by 8.6%, to 13.678 million tons. However, even if it increases at the anticipated 8.6% rate, output in 2021 will remain lower than that in 2019 (13.842 million tons) and 2018 (13.839 million tons).

Meanwhile, world consumption of NR fell by 8.6%, year-on-year, to 10.496 million tons for Jan-Oct 2020. Accounting for an anticipated 1.2% increase during Nov-Dec, the likely world consumption during the full year 2020 is expected to be 12.811 million tons, a 6.9% fall from the previous year. The revised outlook represents an upward revision by 200,000 tons or 1.5% from the outlook reported in September 2020. In 2021, world consumption is anticipated to make a recovery of 4.9% to 13.436 million tons. Again, consumption in 2021 will not reach the quantity consumed in 2019 (13.768 million tons) or in 2018 (13.898 million tons).


About Author


Lawrence has been covering engineering subjects – with a focus on motorsport technology – since 2007 and has edited and contributed to a variety of international titles. Currently, he is responsible for content across UKI Media & Events' portfolio of websites while also writing for the company's print titles.

Comments are closed.