Industry News
The import volume of recycled rubber in China is increasing compared to last year
According to statistics, the import volume of recycled rubber in China in 2023 showed an increasing trend compared to last year. In October, the import volume of recycled rubber in China was 16595746 tons, a month on month increase of 1802862 tons, an increase of 12.19%, and a year-on-year increase of 5736917 tons, an increase of 12.19%.
In 2023, the export volume of recycled rubber in China showed a decreasing trend compared to last year. In October, the export volume of recycled rubber in China was 6939136 tons, a decrease of 73333 tons compared to the previous month, a decrease of 1.05%, and a year-on-year decrease of 173764 tons, a decrease of 2.44%.
2、 Analysis of Import and Export of Regenerated Rubber in October by Country of Production and Sales
In October, China's main importers of recycled rubber were Thailand, Malaysia, and India, accounting for 83% of the total import volume. According to data statistics, Thailand imports 8371925 tons, Malaysia imports 3272489 tons, and India imports 208200 tons. The most outstanding performance among them is still Thailand, with imports from Thailand accounting for 50% in October.
In October, recycled rubber was mainly exported to Thailand, Vietnam, and Indonesia, accounting for 72% of the total export volume. Among them, 15390.376 tons were exported to Thailand, 15093.143 tons were exported to Vietnam, and 8034.356 tons were exported to Indonesia.
3、 Overview of Import and Export of Recycled Rubber in October
In October, various regions carried out a series of strict environmental inspections, with significant efforts. The operating rate of rubber powder enterprises was not high, rubber blocks were out of stock, and rubber powder shipments were slow. Domestic raw material supply was tight, and the production capacity of recycled rubber decreased. Moreover, downstream enterprises such as new tires and rubber products are showing a growth trend, leading to an increase in demand for recycled rubber and an increase in import volume. And the prices of raw materials continue to be high, the production costs of recycled rubber manufacturers have increased in imports, profits have increased on Weibo, operating rates are not high, and exports have decreased.
4、 Prediction of Import and Export of Recycled Rubber in November
In October, it was severely affected by strict environmental inspections, and the operating rate of recycled rubber factories in various regions was not high. Some enterprises have not resumed work until now. With the gradual recovery of the recycled rubber market, the level of competition will increase, and the profit space of recycled rubber manufacturers may be compressed. And downstream enterprises such as new tires and rubber product enterprises have shown a stable and weak trend, leading to a weakening expectation of demand for recycled rubber in the market. The operating rate of upstream rubber powder has increased, causing oversupply and inhibiting imports. Therefore, on the premise of meeting domestic demand, the import volume will decrease to a certain extent.
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