IRSG: World rubber demand to rise 2.5% in 2019

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Global demand for is expected to rise about 2.5 per cent in 2019 to more than 30 million metric tonnes, according to the International Study Group ().

The IRSG’s forecast – based on the ’s (IMF) world outlook for the and other scenarios – calls for a slight drop in demand growth for rubber from a 3.2 per cent consumption increase last year.

In December, the -based group predicted growth in demand for both and rubber of 2.6 per cent and 2.4 per cent respectively.

According to the IRSG, consumption increased by around to 29.3 million tonnes in 2018. Natural Rubber (NR) growth reached 4.9 per cent, to 13.9 million tonnes, and (SR) growth was 1.7 per cent, reaching 15.4 million tonnes.

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World NR and SR demand is set to increase to 14.2 million tons and 15.8 million tonnes, respectively, according to the IRSG.

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