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Rubber Additives Industry Data Decline Across The Board
2023-03-03

Recently, the Special Committee of Rubber Additives of China Rubber Industry Association released industry statistics.

Data show that from January to April, 42 key industries in the country achieved sales revenue of 5.913 billion RMB, a year-on-year decrease of 19.86%.

The total output of rubber additives was 382,800 tons, a year-on-year decrease of 12.71%.

The export delivery value was 1.477 billion RMB, a year-on-year decrease of 38.10%.

It is understood that the output of rubber additives in China accounts for more than 75% of the total global output.

Every year, more than 300,000 tons of rubber additives are exported to the world for use in the tire and automobile industries.

However, the continued spread of the international epidemic has led to a significant decline in the export volume of the industry in April.

The deputy secretary-general of the special committee said that the company was full of hope after resuming work and production.

Unexpectedly, what was finally waiting was the outbreak of the foreign epidemic, and the global tire giants stopped production one after another.

Coupled with the rapid increase in raw material prices, the profit margin of the rubber additives industry is declining.

At present, many rubber additives companies are basically unprofitable or marginally profitable in order to maintain their operations.

There are also some companies that have fallen into a situation where production losses are small and production losses are high.


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