The market is dominated by domestic suppliers, as imports account for 4.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 95.3% of total demand in 2022. China has the largest market size for rubber products regionally, with demand reaching USD145 billion in 2022. Hixih Rubber Industrial Group Co Ltd is the largest company in China, generating 6.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 18.2% of total production value in 2022. The total number of companies decreases in 2022, to 67,356 units. The costs of the industry decrease by 3.3% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 13.3% of production value in 2022, the 15th highest regionally. The industry’s exports share increases in 2022 to 13.9% of total production output. With production value of USD146 billion, China accounts for 57.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Rubber Products in China: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in China: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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