Big Data: 2017 China Rubber Industry Performance

[National statistics] The number of China’s rubber products enterprises above designated size was 3,644 in 2017, down 324 Y-O-Y. The main business income was 959.936 billion RMB, up 8.21% Y-O-Y. The total profit was 53.55 billion RMB, up 1.80% Y-O-Y. The fixed asset investment was 172.55 billion RMB, down 2.40% Y-O-Y. Hereinto, the tire investment was 42.70 billion RMB, down 23.5% Y-O-Y. The total amount of assets was 852.449 billion RMB, up 8.62% Y-O-Y. In 2017, the export value of rubber products was 46.54 billion USD, up 4.94% Y-O-Y. The proportion in China’s petrochemical industry was 24.1%, down 1.9% Y-O-Y. But it was still the largest.

[Association statistics] The sales revenue at 407 monitored enterprises increased by 14.99% in 2017. The growth rate rose by 10.56% from 2016 and 26.29% from 2015, reversing the downturn since 2012. 

In 2017, the profit and output of Chinese-made synthetic rubber went up 48% and 3.97% respectively. The profit and output of carbon black rose by 400% and 6.23% respectively. Prices of rubber additives climbed by 20%-40%, with the highest increase surpassing 70%. Profits from producing pipe, belt and other products remained in an uptrend. The output and income of tires and cycle tires increased, while the realized profits decreased by 49.56% and 35.10% respectively.

The amount of losses and inventories of finished products increased by 52.18% and 17.27% respectively.

[Rubber consumption] China consumed around 10,100kt of rubber in 2017. Hereinto, the consumption volume of natural rubber and synthetic rubber was 5,400kt and 4,500kt respectively, up 10.20% and 1.12% Y-O-Y.

[Market price] In 2017, Chinas’ average prices of heavy-load radial tires (12.00R20-18PR), car radial tires (215/55R16) and light truck bias tires (7.50-16-14PR) were RMB 2,178/mt, RMB 609/mt and RMB 676/mt respectively, up 3.0%, 10.4% and 5.4% respectively. The overall tire prices moved upwards, but the growth was limited compared with cost.

Remarks: The data is for reference only. SCI bears no legal responsibility for the risks and losses incurred by using the above information.