The market is dominated by domestic suppliers, as imports account for 4.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 95.4% of total demand in 2023. China has the largest market size for rubber products regionally, with demand reaching USD141 billion in 2023. Hixih Rubber Industrial Group Co Ltd is the largest company in China, generating 6.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 16.3% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 2.8% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 13.2% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 13.8% of total production output. With production value of USD142 billion, China accounts for 56.0% of the Asia Pacific total in 2023.
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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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