The predicted growing is below the long-term growth rate of 3.7% under the IMF Scenario to 29.1 million tonnes in 2015 and to 30.3 million tonnes in 2016.

World NR demand is forecast to increase by 3.1% in 2015 under the IMF Scenario and by 4.4% in 2016. The world total NR consumption is expected to be 12.3 million tonnes in 2015, 12.9 million tonnes in 2016 and increasing to 16.5 million tonnes in 2023.

World SR demand is expected to increase to 16.8 million tonnes in 2015 and rise to 17.5 million tonnes in 2016 under the IMF Scenario. In 2023, the demand for SR will by 21.5 million tonnes.

The outlook for NR supply is positive, with sufficient to meet the demand of the industry for all forecast years under all three scenarios.

Copies of the WRIO report can be purchased via the website of the IRSG www.rubberstudy.com. The IRSG publishes comprehensive data on production, consumption, trade and prices – covering both natural rubber (NR) and synthetic rubber (SR) – on a biannual basis the World Rubber Industry Outlook presents the latest long-term forecasts for the next ten years, covering the world economy as well as the vehicle, tyre and rubber sectors.

(dw)