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Asia Remains A Stronghold For NR Demand For The Foreseeable Future
21 Views08 May 2023 16:35
Since 2007, the top 10 Natural Rubber (NR) consuming countries in the world have varied widely, with certain countries emerging as major consumers for NR. Consumption in developing countries such as India, Thailand, Brazil and Vietnam have risen, overtaking more developed counterparts in the EU 27 + UK, United States, Japan, Malaysia and Republic of Korea. This may be due to factory processing functions also being carried out in each of these countries due to lower processing costs, before proce
What is covered in the Full Insight:
- Introduction
- China's Dominance in NR Demand
- Emerging Markets: Turkey
- Relationship Between NR Consumption and GDP
- Price Dynamics and Substitution Effects
SUMMARY
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