Exporting Rubber Products to China
ASSESSING THE POTENTIAL BUSINESS SUCCESS OF EXPORTING RUBBER PRODUCTS TO CHINA
By: D P M Subasinghe
The manufacture of rubber based products such as industrial tyres, tubes, auto parts and components has been a part of Sri Lanka’s economy since the early 1930’s. As one of the largest rubber producing countries, Sri Lanka produces different types, forms and grades of rubber as well as rubber based products for export markets.
China accounted 0.45% of total exports from Sri Lanka to the world, but on the current trend it’s optimistic that China will increase the potential items of exports from Sri Lanka such as rubber products, tea, spices and confectioneries and seafood. China’s demand for rubber was expected to rise 8.5 % tonnes in 2010 to reflect strong growth in the country’s auto sector. The development of the auto industry is the main driver for the development of market for rubber products in China. The development of highway construction and transportation industry will drive the demand for tyres, engineering rubber products and other rubber products. China consumes 16% of the world’s natural rubber. China has already become the world’s largest rubber consumption than any other country, estimated statistics illustrate China’s top rubber consumer’s position will not be shaken in the period ahead.
In recent years, the world’s major rubber companies such as Goodyear, Bridgestone, Michelin and other tire companies have entered China, mass production of export products. As the emerging economic super power, China led solid foundation for the exporters of rubber products by creating potential market opportunities due to its sustained high growth in exports of rubber.
Many opportunities are available on improving trade with China considering the strength of the cordial relationship maintained between the two countries by continuous dialogue and trade agreements on mutual understanding.
It is reasonably appropriate to commend the trade relationship
By: D P M Subasinghe
The manufacture of rubber based products such as industrial tyres, tubes, auto parts and components has been a part of Sri Lanka’s economy since the early 1930’s. As one of the largest rubber producing countries, Sri Lanka produces different types, forms and grades of rubber as well as rubber based products for export markets.
China accounted 0.45% of total exports from Sri Lanka to the world, but on the current trend it’s optimistic that China will increase the potential items of exports from Sri Lanka such as rubber products, tea, spices and confectioneries and seafood. China’s demand for rubber was expected to rise 8.5 % tonnes in 2010 to reflect strong growth in the country’s auto sector. The development of the auto industry is the main driver for the development of market for rubber products in China. The development of highway construction and transportation industry will drive the demand for tyres, engineering rubber products and other rubber products. China consumes 16% of the world’s natural rubber. China has already become the world’s largest rubber consumption than any other country, estimated statistics illustrate China’s top rubber consumer’s position will not be shaken in the period ahead.
In recent years, the world’s major rubber companies such as Goodyear, Bridgestone, Michelin and other tire companies have entered China, mass production of export products. As the emerging economic super power, China led solid foundation for the exporters of rubber products by creating potential market opportunities due to its sustained high growth in exports of rubber.
Many opportunities are available on improving trade with China considering the strength of the cordial relationship maintained between the two countries by continuous dialogue and trade agreements on mutual understanding.
It is reasonably appropriate to commend the trade relationship