The Association of Natural Rubber Producing Countries (ANRPC) estimates that China's natural rubber production in the first half of 2014 was 290,000 tons, an increase of 10.69% compared with the same period of last year. The data released by the General Administration of Customs showed that the cumulative imports in the first half of the year were 2.04 million tons, an increase of 8.75. %. If we consider the inventory level at the beginning of the period, we can see that the overall domestic supply increased by 9.4% compared with last year.
From the demand side, the annual tire production capacity of the largest province of tires in Shandong Province has exceeded 380 million, reaching nearly half of the national total. In 2012, the sales revenue reached more than 310 billion yuan, and the number of enterprises above the scale of the rubber industry was close to 560.
In the first half of 2014, the cumulative production of rubber tires in the country was 550 million, a year-on-year increase of 9.2%; the total export volume reached 230 million, a year-on-year increase of 10.8%. According to the data released by official institutions, the structure of supply and demand in 2014 is relatively balanced.
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