Development characteristics of rubber products industry
① China's rubber products industry as a whole to maintain a healthy development trend
According to the statistics of China Rubber Industry Association, the income of key member enterprises of the association will increase from 293.583 billion yuan to 352.247 billion yuan from 2016 to 2020, with an annual compound growth rate of 4.66. The current industrial output value increased from 311.504 billion yuan to 350.155 billion yuan, with an annual compound growth rate of 2.97. Export delivery value increased from 90.493 billion yuan to 101.533 billion yuan, with an annual compound growth rate of 2.92. Profits increased from 14.006 billion yuan to 22.452 billion yuan, the annual compound growth rate reached 12.52, reflecting the basic stability of the economic operation of China's rubber products industry. In 2020, China's rubber products industry profits year-on-year to maintain a substantial growth, industry efficiency increased year by year, the quality of development has improved.
② China's rubber products to export-oriented, high-end products still need to be imported
In terms of product exports, in recent years, my country's rubber products industry has achieved rapid development. In addition to meeting domestic development needs, my country's rubber products have actively participated in competition and cooperation in the international market due to the accelerating pace of integration with international advanced technology. According to the statistics of the General Administration of Customs of China, the export volume of rubber products in China will reach 27.66 billion billion US dollars in 2022. In recent years, the overall export volume of rubber products in China has been relatively stable, and the export volume has remained at about 20 billion US dollars. In 2021 and 2022, the export volume of rubber products has maintained rapid growth.
In terms of product imports, in recent years, as some domestic rubber product manufacturers have gradually entered the field of high-end rubber products through continuous R & D investment and technological achievements transformation, and relying on product technology advantages and localization advantages to gradually squeeze the market share of international giants, Gradually increase the self-sufficiency rate of my country's high-end rubber products. On the whole, China's total imports of rubber products from 2014 to 2022 showed a trend of first decline and then stability. According to data from the General Administration of Customs of China, China's imports of rubber products will be US $5.05 billion in 2022, and imports have remained at around US $5 billion in recent years.
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