Imports of isoprene rubber driven by consumption will remain at a high level
2023/8/8
According to customs statistics, my country's isoprene rubber imports in the first half of 2023 will be 30,200 tons, a year-on-year +44.23%. In the first half of 2023, my country's total export of isoprene rubber was 9,100 tons, a year-on-year increase of +53.74%. In the first half of the year, the import and export data of isoprene rubber rose sharply, and the main trends are as follows.
2. Significant increase in imports of isoprene rubber in Russia
In the first half of 2023, Russia's total import of isoprene rubber was 26,800 tons, accounting for 88.78% of the total, an increase of 77.28% over the same period last year, which is the most obvious increase in 2023. Affected by the international situation, the sales of Russian isoprene rubber in other countries are hindered, so it increases the sales in the Chinese market, and the price advantage is relatively obvious. Some domestic terminal enterprises are more inclined to directly import Russian isoprene rubber as Its raw materials to reduce its cost, thereby driving the increase in the import volume of Russian isoprene rubber. Japan's isoprene rubber, which accounts for the second, will account for 10.34% in the first half of 2023, but it is down 37.01% year-on-year. There is a certain gap. Japan’s Zeon isoprene rubber is mostly sold in other regions, and the price in US dollars is relatively high. Under the situation of fierce competition in domestic isoprene rubber prices, it is difficult to break through the high price of Japan’s Zeon isoprene rubber. market, so its usage has also shrunk to a certain extent. The proportion of isoprene rubber imports in other countries is relatively small.
3. Changes in the way of import trade
Judging from the data, the import trade mode of isoprene rubber has also undergone tremendous changes in the first half of 2023. In the first half of 2022, the import trade mode of China's isoprene rubber is the general trade mode, accounting for 37.35%. It can be seen that the domestic trade circulation is the main one, followed by the processing trade with imported materials, most of which are used by downstream factories. However, in the first half of 2023, China's isoprene rubber import trade mode has undergone tremendous changes. The logistics goods in areas under special customs supervision accounted for the first place, accounting for 45.65%. The second is the general trade method, accounting for 31.08%. Obviously, the operations of domestic isoprene rubber traders have decreased significantly, mainly due to the obvious drag on the contradiction between supply and demand in the domestic market. In the first half of 2023, the price continued to fall. Suppress the enthusiasm of domestic industry operators.
4. Exports to India accounted for the highest proportion
Judging from the data in the first half of 2023, India is the largest exporter of isoprene rubber in China, accounting for 27.78%, followed by Vietnam, accounting for 18.95%. There are some downstream enterprises in the local area, and in order to save freight, etc. Part of the problem is the re-export of Russian isoprene rubber, which drives the increase in the export volume of isoprene rubber.
On the whole, under the premise that the international situation is difficult to reverse, China is still the main consumer of isoprene rubber in Russia, thus driving the import volume of isoprene rubber to remain at a high level. However, in the face of fierce competition in domestic prices, some manufacturers are also actively developing the export market, and the export volume has also increased month-on-month.
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