Overall Operation

In the first three quarters, China’s rubber industry achieved a gross industrial output value at current prices of 251.609 Billion Yuan, down 5.88% year-on-year (the same below); realized sales revenue of 255.681 Billion Yuan, down 6.23%; realized export delivery value of 77.472 Billion Yuan, down 13.53%; and export rate (value) of 30.30%, a decrease of 2.56 percentage points. The realized profits and taxes were 19.852 Billion Yuan, an increase of 1.93%; the realized profits was 14.290 Billion Yuan, an increase of 1.26%; the profit margin of sales revenue was 6.43%, an increase of 0.41 percentage points; 41 loss-making enterprises appeared, an increase of 7.89%; loss-making enterprises lost 1.079 Billion Yuan, an increase of 31.33%; and the inventory value of finished products was 30.229 Billion Yuan, a decrease of 7.03%.

Fig. 1: Comparison of Year-on-Year Growth of Major Indicators of Rubber Industry in the First Three Quarters

Fig. 2: Year-on-Year Growth Trend of Output Value, Export Delivery Value, and Sales Revenue of Rubber Industry in the First Three Quarters

Fig. 3: Year-on-Year Growth Trend of Sales Revenue and Profit of Rubber Industry in the First Three Quarters

See Fig. 1 for the comparison of year-on-year growth of major indicators of rubber industry in the first three quarters, see Fig. 2 for the year-on-year growth trend of output value, export delivery value, and sales revenue of rubber industry in the first three quarters, and see Fig. 3 for the year-on-year growth trend of sales revenue and profit of rubber industry in the first three quarters.

Main Operation Features

1. Output value maintains a recovery trend, and the decline continues narrowing

The gross industrial output value at current prices of rubber industry in the first three quarters fell by 5.88%, with the decline increasing by 4.11 percentage points from the same period last year, and decreasing by 5.97 percentage points from the first half of the year. Among the statistics of subdivided specialties, four specialties achieved positive growth, including cycle tires, rubber products, latexes, and rubber machinery moulds; and among the specialties with negative growth, four specialties were in negative growth in the same period of last year, including rubber hoses & belts, rubber shoes, carbon black, and rubber chemicals. See Fig. 4 for the growth of industrial output value at current prices of rubber industry and various specialties in the first three quarters.

Fig. 4: Growth of Gross Industrial Output Value of Rubber Industry and Various Specialties in the First Three Quarters

2. Sales revenue maintains a recovery trend, and the decline continues narrowing

The sales revenue of rubber industry in the first three quarters fell by 6.23%, with the decline increasing by 5.14 percentage points from the same period last year, and decreasing by 6.63 percentage points from the first half of the year. Among the statistics of subdivided specialties, four specialties achieved positive growth, including cycle tires, rubber products, latexes, and rubber machinery moulds; and among the specialties with negative growth, four specialties were in negative growth in the same period of last year, including rubber hoses & belts, carbon black, rubber chemicals, and framework materials. See Fig. 5 for the growth of sales revenue of rubber industry and various specialties in the first three quarters.

Fig. 5: Growth of Sales Revenue of Rubber Industry and Various Specialties in the First Three Quarters

3. Export delivery value dropped sharply, the decline narrowed, and the export rate (value) dropped

The export delivery value of rubber industry in the first three quarters fell by 13.53%, with the increase falling by 14.34 percentage points from the same period last year, and the decline decreasing by 4.10 percentage points from the first half of the year. The export rate (value) was 30.30%, falling by 2.56 percentage points. Among the statistics of subdivided specialties, two specialties achieved positive growth in export delivery value, including latexes and rubber machinery moulds; and among the specialties with negative growth, four specialties were in negative growth in the same period of last year, including rubber products, rubber shoes, carbon black, and rubber chemicals.

Fig. 6: Growth of Export Delivery Value of Rubber Industry and Various Specialties in the First Three Quarters

Fig. 7: Export Rate (Value) of Rubber Industry and Various Specialties in the First Three Quarters

See Fig. 6 for the growth of export delivery value of rubber industry and various specialties in the first three quarters, and see Fig. 7 for the export rate (value) of rubber industry and various specialties in the first three quarters.

Situation of Subdivided Specialties

Tires

In the first three quarters, the realized gross industrial output value at current prices of 38 key member enterprises dropped by 4.91%, and the realized sales revenue dropped by 4.47%. The integrated tire casing output fell by 1.80%. Among them, the output of radial tires fell by 2.15%, and that of all-steel radial tires increased by 1.31%. The radialization rate was 94.44%, a decrease of 0.34 percentage points. The realized export delivery value fell by 10.42%, and the export rate (value) was 39.09%, a decrease of 2.60 percentage points. The delivery volume of export tires fell by 9.60%, of which export radial tires fell by 9.51%; and the export rate (volume) was 47.93%, a decrease of 4.14 percentage points. Among them, 34 enterprises had achieved profits and taxes growth of 17.12%, and the realized profit increased by 22.66%; and the profit rate of sales revenue was 6.29%, an increase of 1.33 percentage points. There were seven loss-making enterprises, and the loss-making enterprises lost 679 Million Yuan. The inventory value of finished products fell by 9.20%.

Fig. 8: Comparison of Year-on-Year Growth of Major Indicators of Tire Specialty in the First Three Quarters

See Fig. 8 for the comparison of year-on-year growth of the major indicators of the tire specialty in the first three quarters.

Cycle Tires

In the first three quarters, 25 key enterprises achieved a growth of gross industrial output value at current prices of 5.36%, and the realized sales revenue increased by 3.15%. Among leading products, the output of bicycle tire casing increased by 11.07%, the output of electric bicycle tire casing increased by 15.15%, and the output of motorcycle tire casing decreased by 2.91%. The realized export delivery value fell by 1.55%, and the export rate (value) was 23.10%, a decrease of 1.10 percentage points. The achieved profits and taxes grew by 25.81%, and realized profit grew by 33.87%; and the profit rate of sales revenue was 2.89%, an increase of 0.66 percentage points. The inventory value of finished products fell by 13.76%.

Fig. 9: Comparison of Major Indicators Growth of Cycle Tire Specialty in the First Three Quarters

See Fig. 9 for the comparison of year-on-year growth of the major indicators of the cycle tire specialty in the first three quarters.

Rubber Hoses & Belts

In the first three quarters, 50 key enterprises achieved a decline of gross industrial output value at current prices of 4.39%, and achieved a fall of sales revenue of 1.86%. Among the major products, the output of conveyor belt fell by 13.67%, that of V-Belt fell by 3.0%, and that of rubber hoses increased by 4.23%. The realized export delivery value fell by 0.73%, and the export rate (value) was 13.01%, an increase of 0.15 percentage points. The achieved profits and taxes fell by 5.53%, and the realized profit fell by 6.97%; and the profit rate of sales revenue was 8.90%, a decrease of 0.49 percentage points. There were six loss-making enterprises, and the loss-making enterprises lost 71.87 Million Yuan. The inventory value of finished products fell by 4.98%.

Fig. 10: Comparison of Year-on-Year Growth of Major Indicators of Rubber Hoses & Belts Specialty in the First Three Quarters

See Fig. 10 for the comparison of year-on-year growth of the major indicators of the rubber hoses & belts specialty in the first three quarters.

Rubber Products

In the first three quarters, the realized gross industrial output value at current prices of 49 key enterprises grew by 7.36%, and the realized sales revenue grew by 5.54%. Among major products, the output of automobile shock absorption products fell by 5.83%, and that of oil seal with framework fell by 1.67%. The achieved export delivery value fell by 13.65%, of which export auto parts fell by 0.68%; and the export rate (value) was 20.58%, a decrease of 4.57 percentage points. The realized profits and taxes increased by 1.48%, and the realized profit fell by 1.64%; and the profit rate of sales revenue was 6.63%, a decrease of 0.48 percentage points. There were three loss-making enterprises, and the loss-making enterprises lost 10.33 Million Yuan. The inventory value of finished products grew by 4.74%.

Fig. 11: Comparison of Year-on-Year Growth of Major Indicators of Rubber Products Specialty in the First Three Quarters

See Fig. 11 for the comparison of year-on-year growth of the major indicators of the rubber products specialty in the first three quarters.

Rubber Shoes

In the first three quarters, the realized gross industrial output value at current prices of 21 key enterprises declined by 11.88%, the realized sales revenue fell by 19.35%, and the achieved rubber shoes output fell by 20.81%. The realized export delivery value fell by 20.90%, and the export rate (value) was 12.36%, a decrease of 0.24 percentage points; and the export volume of rubber shoes fell by 12.50%, and the export rate (value) was 10.44%, an increase of 0.99 percentage points. The realized profits and taxes fell by 31.16%, and the realized profit fell by 44.40%; and the profit rate of sales revenue was 4.67%, a decrease of 2.10 percentage points. There were five loss-making enterprises, and the loss-making enterprises lost 12.32 Million Yuan. The inventory value of finished products grew by 9.43%.

Fig. 12: Comparison of Year-on-Year Growth of Major Indicators of Rubber Shoes Specialty in the First Three Quarters

See Fig. 12 for the comparison of year-on-year growth of the major indicators of the rubber shoes specialty in the first three quarters.

Latexes

In the first three quarters, the realized gross industrial output value at current prices of 24 key enterprises increased by 30.76%, and the realized sales revenue increased by 24.84%. Among major products, the output of condom fell by 10.19%, and that of examination gloves grew by 58.63%. The realized export delivery value increased by 30.40%, and the export rate (value) was 42.88%, an increase of 1.83 percentage points. The realized profits and taxes grew by 94.82%, and the realized profit grew by 129.96%; and the profit rate of sales revenue was 10.98%, an increase of 5.02 percentage points. There were three loss-making enterprises, and the loss-making enterprises lost 4.73 Million Yuan. The inventory value of finished products grew by 56.63%.

Fig. 13: Comparison of Major Indicators Growth of Latexes Specialty in the First Three Quarters

See Fig. 13 for the comparison of year-on-year growth of the major indicators of the latexes specialty in the first three quarters.

Carbon Black

In the first three quarters, the achieved gross industrial output value at current prices of 34 key enterprises declined by 20.40%, and the realized sales revenue declined by 22.88%. The gross output of carbon black fell by 0.10%, among which the output of wet-process carbon black fell by 0.25%. The realized export delivery value fell by 41.44%, and the export rate (value) was 10.45%, a decrease of 3.31 percentage points. The export volume of carbon black fell by 20.80%, and the export rate (volume) was 10.61%, a decrease of 2.77 percentage points. The realized profits and taxes grew by 19.59%, and the realized profit grew by 24.45%; and the profit rate of sales revenue was 0.88%, an increase of 0.33 percentage points. There were 12 loss-making enterprises, and the loss-making enterprises lost 228 Million Yuan. The inventory value of finished products fell by 24.14%.

Fig. 14: Comparison of Year-on-Year Growth of Major Indicators of Caron Black Specialty in the First Three Quarters

See Fig. 14 for the comparison of year-on-year growth of the major indicators of the carbon black specialty in the first three quarters.

Rubber Machinery Moulds

In the first three quarters, the realized gross industrial output value at current prices of 19 key enterprises increased by 0.96%, the realized sales revenue increased by 0.21%, and the output of moulds increased by 0.86%. The realized export delivery value increased by 0.41%, and the export rate (value) was 45.42%, an increase of 0.09 percentage points. The realized profits and taxes grew by 0.90%, and the realized profit grew by 0.70%; and the profit rate of sales revenue was 16.48%, an increase of 0.08 percentage points. The inventory value of finished products grew by 10.92%.

Fig. 15: Comparison of Year-on-Year Growth of Major Indicators of Rubber Machinery Moulds Specialty in the First Three Quarters

See Fig. 15 for the comparison of year-on-year growth of the major indicators of the rubber machinery moulds specialty in the first three quarters.

Comprehensive Utilization of Waste Rubber

In the first three quarters, the realized gross industrial output value at current prices of 30 key enterprises declined by 7.55%, and the realized sales revenue declined by 8.69%. The output of reclaimed rubber fell by 6.51%, and that of rubber powder increased by 2.69%. The realized export delivery value fell by 17.12%, and the export rate (value) was 3.85%, a decrease of 0.39 percentage points. The realized profits and taxes fell by 1.86%, and the realized profit fell by 0.60%; and the profit rate of sales revenue was 8.07%, an increase of 0.66 percentage points. The inventory value of finished products grew by 9.40%.

Fig. 16: Comparison of Year-on-Year Growth of Major Indicators of Comprehensive Utilization of Waste Rubber Specialty in the First Three Quarters

See Fig. 16 for the comparison of year-on-year growth of the major indicators of the comprehensive utilization of waste rubber specialty in the first three quarters.

Rubber Chemicals

In the first three quarters, 42 key enterprises achieved a decline of gross industrial output value at current prices of 19.96%, and the realized sales revenue declined by 16.09%. The gross output of rubber chemicals fell by 7.98%, among which the output of major product accelerator fell by 19.22%, and that of antioxidant fell by 10.27%. The realized export delivery value fell by 43.15%, and the export rate (value) was 21.63%, a decrease of 10.29 percentage points; and the export volume declined by 30.03%, and the export rate (volume) was 21.04%, a decrease of 6.63 percentage points. The realized profits and taxes fell by 54.97%, and the realized profit fell by 39.77%; and the profit rate of sales revenue was 8.20%, a decrease of 3.23 percentage points.

Fig. 17: Comparison of Year-on-Year Growth of Major Indicators of Rubber Chemicals Specialty in the First Three Quarters

See Fig. 17 for the comparison of year-on-year growth of the major indicators of the rubber chemicals specialty in the first three quarters.

Framework Materials

In the first three quarters, 23 enterprises achieved a decline of gross industrial output value at current prices of 20.55%, and achieved a decline of sales revenue of 21.88%. The realized export delivery value decreased by 26.33%, and the export rate (value) was 28.48%, a decrease of 1.72 percentage points. The realized profits and taxes fell by 30.27%, and the realized profit fell by 53.29%; and the profit rate of sales revenue was 2.50%, a decrease of 1.68 percentage points. There were five loss-making enterprises, and the loss-making enterprises lost 73 Million Yuan. The inventory value of finished products grew by 12.97%.

The gross output of 38 enterprises fell by 3.35%. Among major products, the output of steel cord decreased by 3.65%, that of bead wire decreased by 2.85%, that of hoses & belts steel wire increased by 8.51%, that of polyester cord decreased by 8.30%, that of nylon cord decreased by 6.10%, and that of canvas decreased by 3.61%.

Fig. 18: Comparison of Year-on-Year Growth of Major Indicators of Framework Materials Specialty in the First Three Quarters

See Fig. 18 for the comparison of year-on-year growth of the major indicators of the framework materials specialty in the first three quarters.