Updated Mar 19, 2023 11:09

Reclaimed Rubber Market in China

Market Overview
The Chinese reclaimed rubber market skyrocketed to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate buoyant growth. Reclaimed rubber consumption peaked in and is expected to retain growth in the near future.

In value terms, reclaimed rubber production amounted to $ in estimated in export price. Overall, production showed a strong increase. The growth pace was the most rapid in 2011 when the production volume increased by % against the previous year. Reclaimed rubber production peaked at $ in ; however, from to , production remained at a lower figure.


Consumption
In , the amount of reclaimed rubber consumed in China surged to tons, with an increase of % on the year before. In general, consumption saw a prominent increase. Over the period under review, consumption attained the peak volume in and is likely to continue growth in the immediate term.

The value of the reclaimed rubber market in China soared to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a prominent expansion. Over the period under review, the market reached the peak level in and is likely to see gradual growth in years to come.


Market Forecast
Driven by increasing demand for reclaimed rubber in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fifteen years (from % to %).


Trade Balance
China remains a net importer of reclaimed rubber; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.