◎ Secretariat of China Rubber Industry Association

Overall Operation Conditions

In the first three quarters of 2019, the realized gross industrial output value at current price of the whole industry was 267.989 Billion Yuan with a year-on-year (the same below) decrease of 1.78%, which decreased by 8.24 percentage points; the realized sales revenue was 256.676 Billion Yuan with a decrease of 1.35%, which decreased by 8.06 percentage points; the realized export delivery value was 85.911 Billion Yuan with an increase of 0.82%, which decreased by 6.32 percentage points; and the export rate (value) was 33.47%, which increased by 0.72 percentage points; the realized profit and tax increased by 5.37%; the realized profit increased by 9.46%, which decreased by 22.17 percentage points; and the profit rate of sales revenue was 6.03%, which increased by 0.53 percentage points. There were 41 enterprises with deficits, increased by 10.81% and the deficit was 872 Million Yuan, decreased by 32.66%. The finished product inventory amount was 33.979 Billion Yuan, with an increase of 10.69%.

Fig. 1: Comparison of Growth of Main Indicators of China’s Rubber Industry in the First Three Quarters

Fig. 2: Growth Trend of the Indicators, Output Value and Export Delivery Value, in the First Three Quarters

Fig. 3: Growth Trend of the Indicators, Sales Revenue and Profit, in the First Three Quarters

See Fig. 1 for comparison of growth of main indicators of China’s rubber industry in the first three quarters, Fig. 2 for growth trend of the indicators, output value and export delivery value, and Fig. 3 for growth trend of the indicators, sales revenue and profit.

Comments on Key Points

The industrial output value realized negative growth

Among the specific industries, in the first three quarters of 2019, compared with that in the same period of last year, the gross industrial output value of six specific industries, tires, cycle tires, latexes, rubber machinery moulds, comprehensive utilization of waste rubber and framework materials, realized positive growth, and the rest industries had negative growth. Among specific industries realizing positive growth, latexes specific industry realized negative growth in last year, and three specific industries, rubber machinery moulds, comprehensive utilization of waste rubber and framework materials, had a growth stronger than that in the same period of last year. Among specific industries realizing negative growth, rubber shoes specific industry had negative growth in the same period of last year, with the decrease narrowed; and the rest specific industries realized positive growth in the same period of last year. See Fig. 4 for comparison of growth of gross industrial output value of each specific industry in the first three quarters.

Fig. 4: Comparison of Growth of Gross Industrial Output Value of Each Specific Industry in the First Three Quarters

The sales revenue had a year-on-year decrease

Among the specific industries, compared with that in the same period of last year, six specific industries, tires, cycle tires, rubber shoes, latexes, rubber machinery moulds and comprehensive utilization of waste rubber, realized positive growth, and the rest industries had negative growth. Among specific industries realizing positive growth, rubber shoes specific industry had negative growth in last year, and the growth of three specific industries, latexes, rubber machinery moulds and comprehensive utilization of waste rubber, was higher than that in the same period of last year. The rest specific industries converted from growth to decline. See Fig. 5 for comparison of growth of sales revenue of each specific industry in the first three quarters. 

Fig. 5: Comparison of Growth of Sales Revenue of Each Specific Industry in the First Three Quarters

The proportion of export delivery value increased

In the first three quarters, the industrial export rate (value) was 33.47%, which increased by 0.72 percentage points. Among the specific industries, four specific industries, rubber products, rubber shoes, carbon black and rubber chemicals, all realized had a decline in export delivery value, in which, rubber shoes industry had negative growth in the same period of last year. Among specific industries realizing positive growth, framework materials industry converted from negative to positive and four specific industries, cycle tires, rubber hoses & rubber belts, latexes and rubber machinery moulds, had an expanded growth. See Fig. 6 for comparison of growth of export delivery value of each specific industry in the first three quarters and Fig. 7 for export rate (value) of each specific industry in the first three quarters.

Fig. 6: Comparison of Growth of Export Delivery Value of Each Specific Industry in the First Three Quarters

Fig. 7: Change Conditions of Export Rate (Value) of Each Specific Industry in the First Three Quarters

Conditions of Specific Industries

Tires

For 39 key member enterprises, in the first three quarters, the realized gross industrial output value at current price increased by 1.64% and the realized sales revenue increased by 1.33%. The output of integrative casing increased by 2.66%, in which the output of radial tires increased by 3.16% and the output of all-steel radial tires increased by 1.50%. The radial rate was 94.46% with a growth of 0.45 percentage points. The realized export delivery value increased by 3.31%, and the export rate (value) was 43.15%, with an increase of 0.82 percentage points. The export tire delivery weight increased by 7.61%, in which the export radial tire weight increased by 7.80%; and the export rate (volume) was 50.69%, with an increase of 2.33 percentage points. The realized profit and tax of 32 enterprises increased by 32.99%, the realized profit increased by 57.50% and the profit rate of sales revenue was 4.36%, which increased by 1.52 percentage points. There were 9 enterprises with deficits, and the deficit decreased by 59.91%. And the manufactured inventory amount had an increase of 8.73%. 

Fig. 8: Comparison of Growth of Main Indicators of Tires Specific Industry in the First Three Quarters

Fig. 9: Growth Trend of Industrial Output Value at Current Price and Output of Integrative Casing of Tires Specific Industry in the First Three Quarters

Fig. 10: Growth Trend of Export Delivery Value and Sales Revenue of Tires Specific Industry in the First Three Quarters

Fig. 11: Growth Trend of Profit Rate of Sales Revenue and Profit of Tires Specific Industry in the First Three Quarters

See Fig. 8 for comparison of growth of main indicators of tires specific industry in the first three quarters, Fig. 9 for growth trend of industrial output value at current price and output of integrative casing of tires specific industry in the first three quarters, Fig. 10 for growth trend of export delivery value and sales revenue of tires specific industry in the first three quarters, and Fig. 11 for growth trend of profit rate of sales revenue and profit of tires specific industry in the first three quarters.

Cycle Tires

For 29 key enterprises, in the first three quarters, the realized gross industrial output value at current price increased by 3.79% and the realized sales revenue increased by 8.01%. Growth of output of the leading products: the output of bicycle casing increased by 1.49%, the output of electric bicycle casing decreased by 2.89% and the output of motorcycle casing increased by 10.77%. The realized export delivery value increased by 7.97%, and the export rate (value) reached 23.84%, which decreased by 0.01 percentage points. The realized profit and tax increased by 7.13%, the realized profit increased by 24.87% and the profit rate of sales revenue reached 2.06%, which increased by 0.28 percentage points. And the manufactured inventory amount had a decrease of 12.14%. See Fig. 12 for comparison of growth of main indicators of cycle tires specific industry in the first three quarters.

Fig. 12: Comparison of Growth of Main Indicators of Cycle Tires Specific Industry in the First Three Quarters

Rubber Hoses & Rubber Belts

For 52 key enterprises, in the first three quarters, the realized gross industrial output value at current price decreased by 5.89%, and the realized sales revenue decreased by 3.80%. Growth of output of the leading products: the output of conveyor belt decreased by 0.92%, the output of V belt decreased by 17.49%, and the output of rubber hose increased by 2.71%. The realized export delivery value increased by 12.01%, and the export rate (value) reached 12.64%, which increased by 1.78 percentage points. The realized profit and tax decreased by 6.33%, the realized profit increased by 0.18% and the profit rate of the sales revenue was 9.45%, which increased by 0.38 percentage points. There were 5 enterprises with deficits. And the manufactured inventory amount had an increase of 7.25%. See Fig. 13 for comparison of growth of main indicators of rubber hoses & rubber belts specific industry in the first three quarters.

Fig. 13: Comparison of Growth of Main Indicators of Rubber Hoses & Rubber Belts Specific Industry in the First Three Quarters

Rubber Products

For 50 key enterprises, in the first three quarters, the realized gross industrial output value at current price decreased by 5.73%, and the realized sales revenue decreased by 0.97%. Among the leading products, the output of automobile anti-vibration articles decreased by 7.59% and the output of “O” seal rings increased by 7.53%. The realized export delivery value decreased by 2.23%; the export rate (value) was 25.35%, which decreased by 0.33 percentage points. The export delivery volume of automobile parts decreased by 7.82%. The realized profit and tax decreased by 2.10%, the realized profit decreased by 3.31% and the profit rate of the sales revenue was 8.45%, which decreased by 0.20 percentage points. There were 4 enterprises with deficits. And the manufactured inventory amount had a decrease of 17.03%. See Fig. 14 for comparison of growth of main indicators of rubber products specific industry in the first three quarters.

Fig. 14: Comparison of Growth of Main Indicators of Rubber Products Specific Industry in the First Three Quarters

Rubber Shoes

For 22 key enterprises, in the first three quarters, the realized gross industrial output value at current price decreased by 4.66%, and the realized sales revenue increased by 13.41%. The realized rubber shoes output increased by 4.04%. The realized export delivery value decreased by 7.07%; the export rate (value) was 7.78%, which decreased by 1.71 percentage points. The export delivery volume decreased by 10.08%; the export rate (volume) reached 8.98%, which decreased by 1.41 percentage points. The realized profit and tax increased by 5.80%, the realized profit increased by 5.19% and the profit rate of the sales revenue was 5.58%, which decreased by 0.44 percentage points. There were 3 enterprises with deficits. And the manufactured inventory amount decreased by 0.70%. See Fig. 15 for comparison of growth of main indicators of rubber shoes specific industry in the first three quarters.

Fig. 15: Comparison of Growth of Main Indicators of Rubber Shoes Specific Industry in the First Three Quarters

Latexes

For 25 key enterprises, in the first three quarters, the realized gross industrial output value at current price increased by 12.05%, and the realized sales revenue increased by 12.15%. Growth rate of output of the leading products: the condom output increased by 3.69%; and the examination gloves output decreased by 14.70%. The realized export delivery value increased by 16.21%; the export rate (value) reached 44.64%, which increased by 1.56 percentage points. The realized profit and tax increased by 37.71%, the realized profit increased by 119.54% and the profit rate of the sales revenue was 4.04%, which increased by 1.98 percentage points. There were 5 enterprises with deficits. And the manufactured inventory amount decreased by 18.12%. See Fig. 16 for comparison of growth of main indicators of latexes specific industry in the first three quarters.

Fig. 16: Comparison of Growth of Main Indicators of Latexes Specific Industry in the First Three Quarters

Carbon Black

For 34 key enterprises, in the first three quarters, the realized gross industrial output value at current price decreased by 16.35%, and the realized sales revenue decreased by 12.42%. The output of carbon black decreased by 3.26%, in which the output of wet process carbon black decreased by 2.81%. The realized export delivery value decreased by 19.35%, the export rate (value) reached 13.77%, which decreased by 1.18 percentage points; the export delivery volume of carbon black declined by 12.89%, the export rate (volume) was 13.38%, which decreased by 1.48 percentage points. The realized profit and tax decreased by 80.47%, the realized profit decreased by 93.19%, and the profit rate of sales revenue was 0.54%, which decreased by 6.44 percentage points. There were 10 enterprises with deficits. And the manufactured inventory amount increased by 169.54%. See Fig. 17 for Comparison of Growth of Main Indicators of Carbon Black Specific Industry in the First Three Quarters.

Fig. 17: Comparison of Growth of Main Indicators of Carbon Black Specific Industry in the First Three Quarters

Rubber Machinery Moulds

For 19 key enterprises, in the first three quarters, the realized gross industrial output value at current price increased by 3.02%, and the realized sales revenue increased by 2.47%. The realized output of moulds increased by 3.13%. The realized export delivery value increased by 11.24%; the export rate (value) reached 45.33% with an increase of 3.57 percentage points. The realized profit and tax increased by 3.12%, the realized profit increased by 5.89%, and the profit rate of sales revenue was 16.40%, which increased by 0.53 percentage points. And the manufactured inventory amount decreased by 56.16%. See Fig. 18 for comparison of growth of main indicators of rubber machinery moulds specific industry in the first three quarters.

Fig. 18: Comparison of Growth of Main Indicators of Rubber Machinery Moulds Specific Industry in the First Three Quarters

Comprehensive Utilization of Waste Rubber

For 30 key enterprises, in the first three quarters, the realized gross industrial output value at current price increased by 10.78%, and the realized sales revenue increased by 10.33%. The reclaimed rubber output increased by 13.43% and the rubber powder output increased by 12.26%. The realized export delivery value increased by 9.07%; and the export rate (value) reached 3.97%, which decreased by 0.05 percentage points. The realized profit and tax increased by 15.35%, the realized profit increased by 18.56%, and the profit rate of sales revenue was 7.10%, which increased by 0.49 percentage points. And the manufactured inventory amount increased by 9.37%. See Fig. 19 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first three quarters.

Fig. 19: Comparison of Growth of Main Indicators of Comprehensive Utilization of Waste Rubber Specific Industry in the First Three Quarters

Rubber Chemicals

For 45 key enterprises, in the first three quarters, the realized gross industrial output value at current price decreased by 13.47% and the realized sales revenue decreased by 12.24%. The output increased by 0.41%, among which, the accelerating agent output decreased by 5.05%, and the anti-deteriorant output decreased by 10.54%. The realized export delivery value decreased by 21.79%, and the export rate (value) reached 31.92%, which decreased by 3.90 percentage points. The export delivery volume decreased by 11.61%, and the export rate (volume) reached 27.68%, which decreased by 3.76 percentage points. See Fig. 20 for comparison of growth of main indicators of rubber chemicals specific industry in the first three quarters.

Fig. 20: Comparison of Growth of Main Indicators of Rubber Chemicals Specific Industry in the First Three Quarters

Framework Materials

For 22 enterprises, in the first three quarters, the realized gross industrial output value at current price increased by 11.06% and the realized sales revenue decreased by 5.05%. The realized export delivery value increased by 8.92%, and the export rate (value) reached 36.93%, which increased by 4.74 percentage points. The realized profit and tax decreased by 11.16%, the realized profit decreased by 4.15%, and the profit rate of sales revenue was 3.65%, which increased by 0.03 percentage points. There were 5 enterprises with deficits. And the manufactured inventory amount decreased by 9.93%.

Fig. 21: Comparison of Growth of Main Indicators of Framework Materials Specific Industry in the First Three Quarters

For 38 enterprises, the output decreased by 4.55%. Growth of output of the leading products: the output of fiber cord fabrics decreased by 1.53%, the output of steel cord decreased by 6.41%, the output of bead wire decreased by 3.17%, and the output of belt wire increased by 5.02%. See Fig. 21 for comparison of growth of main indicators of framework materials specific industry in the first three quarters.