Assessment of Thailand's Rubber Industry 2016 report added to the recent store of MarketReportsOnline.com.
Pune, Maharashtra -- (SBWIRE) -- 01/18/2017 -- The global market is in a state of surplus of natural rubber inventory. The excess supply situation has caused stocks to pile high and prices are falling steadily. It is expected that global surplus by the year 2020 will be approximately 1 million tons of natural rubber and 3 million tons of synthetic rubber. World demand for natural rubber, which is primarily used to manufacture tires, is cooling down due to the economic downturn in China.It is expected that in 2016 rubber supply will grow by 2.9% to reach 12.97 million tonnes and rubber demand is expected to grow by 4.3% to reach 12.83 million tonnes.
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Asia accounts for 93% of the world natural rubber production with Thailand being the largest producer followed by Indonesia and Vietnam. Other large rubber producers in the region include India, China and Malaysia. China is the world's largest consumer of natural rubber followed by India and the United States. Increasing consumption of tyres and industrial rubber products is expected to boost the global demand for natural rubbers. Indonesia is the second largest rubber producer globally behind Thailand.
Thailand is the world's largest producer and exporter of natural rubber. The sector is currently faced with lack of demand and large stock piles. This is primarily due to a fall in demand from China which is the world's largest rubber consumer. Rubber prices have fallen approximately 30% in 2014 and rubber producers are seeing a fall in revenue. Thailand accounts for approximately 35% of the global natural rubber supply and the market is valued at USD 25 billion a year. While the natural rubber prices were rising till 2011, post the Government's interventions to support the industry in 2004-2006, farmers expanded production and this finally lead to the current situation of oversupply in the market.
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The tyre industry in Thailand consumes over 50% of the natural rubber produced in the country and is expected to grow at a CAGR of 12% in the period 2014-2019. The main tyre brands operating in the country are Bridgestone, Michelin and Goodyear, while other brands include Sumitomo, Yokohoma and Continental.
Why should the report be purchased?
The report 'Assessment of Thailand's Rubber Industry 2016' highlights key dynamics of Thailand's rubber sector. The potential of the sector has been investigated along with key challenges.The current market scenario and future prospects of the sector has also been studied. The report contains profiles of key players including Bridgestone Corporation, Michelin, Thai Rubber Latex Corporation, Sri Trang Agro-Industry Plc., World Rubber Ltd. and Top Glove Corporation Berhad. The report contains latest industry expert's opinion.
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Table of Contents
1. Global Rubber Industry
1.2 Market Statistics & Performance
2. Thailand Rubber Industry
2.2 Market Statistics
2.3 Thailand Tyre Industry
3. Competitive Landscape
3.1 Bridgestone Corporation
3.3 Thai Rubber Latex Corporation
3.4 Sri Trang Agro-Industry Plc.
3.5 World Rubber Ltd.
3.6 Top Glove Corporation Berhad
4. List of Charts and Graphs
4.1 World Rubber Production (2004-2015, '000 tonnes)
4.2 World Rubber Consumption (2004-2015, '000 tonnes)
4.3 Country Wise Largest Natural Rubber Consumers (2013 & 2014, '000 tonnes)
4.4 World's Largest Exporters of Natural Rubber (2014, %)
4.5 World's Largest Exporters of Natural Rubber (2015, %)
4.6 Thailand Natural Rubber Production (2008-2014, million tonnes)
4.7 Thailand Natural Rubber Exports (2008-2014, Unit/Metric Ton)
4.8 Thailand Rubber Export by Destination (%, 2014)
5. Research Methodology
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