The hottest tire prices keep rising. The spring of

2022-07-29
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Tire prices keep rising African rubber spring has arrived

at present, most tire enterprises have issued price increase notices, including Bridgestone, Michelin, Pirelli, Goodyear and other top international brands. The analysis shows that the continuous rise of rubber consumption will exacerbate the shortage of natural rubber supply and demand. It is expected that the rubber price will continue to rise in 2017. So, for the major rubber producing countries in Africa, does the constant rise in tire prices mean that the spring of natural rubber has come

according to the statistics and prediction of the International Rubber Organization (IRSG), the global annual supply and demand gap of natural rubber is nearly 1.1 million tons. Among them, Africa accounts for about 6% of the world's rubber production, while C ô te d'Ivoire, Nigeria, Liberia, Cameroon, Ghana and Gabon are considered to be the top rubber producers in Africa

Cote d'Ivoire is currently the largest rubber producer in Africa and the fifth largest in the world, with an annual rubber output of about 230000 tons. In 2016, the Ivorian government further promoted the reform of rubber and palm industries

on April 1st, 2014, the inauguration ceremony of Dabu rubber processing plant was held in kodab region. President Gbagbo and other key Ivorian government officials made a special trip to attend. This is the first local rubber processing project in C ô te d'Ivoire. The first phase of Dabu rubber processing plant is funded by the Dabu rubber growers

rubber is the fourth largest source of foreign exchange earning market growth in Nigeria, following crude oil, rawhide and cocoa. However, since the discovery of oil in Nigeria, the development of the rubber industry has been neglected, resulting in an alarming decline in the rubber production in Nigeria

recently, Nigeria's rubber industry appealed to the government to pay more attention to and revitalize the development of the rubber industry. However, due to the aging of rubber trees and the failure to follow up with newly planted trees, the output of natural rubber in Nigeria has decreased year by year, and the production capacity has decreased from 130000 tons to 60000-65000 tons

as an economic crop, rubber is a mainstay industry in the old West and central and western regions of Nigeria. More than 80%-90% of aircraft tires and Asian automobile shock absorbers use it as raw materials. At the same time, natural rubber is also an important source of raw materials for many industries in Nigeria, including shoes, carpets, etc

the production of natural rubber, timber and iron ore is the main pillar of Liberia's national economy. They are all for export, so they are also the main source of Liberia's foreign exchange income

the largest plantation in Liberia was established by Bridgestone company in 1906. It is the parent company of the current Firestone company. This company owns the world's largest industrial rubber plantation in Liberia. Now, the rubber planting area of Liberia accounts for 30% of its land area

the National Union of Cameroonian rubber growers was established in 2009, and has developed more than 1200 rubber planting members. The rubber output accounts for 5% of the total rubber output of Cameroon, which also needs to be cherished and maintained

at present, Cameroon produces about 60000 tons of rubber annually. The rubber planting areas are mainly distributed in the southern region, the central region, the eastern region, the southwest region and the coastal region. The three major enterprises engaged in rubber planting and operation in Cameroon are Cameroon development company, Cameroon evere Co., Ltd. and Cameroon palm company

what is noteworthy is that the South rubber company Park is located in the southern region of Cameroon. It is invested and constructed by Sinochem International in the thin-walled part. It covers an area of 45000 hectares. It has been developed since 2012. At present, 7500 hectares have been developed. The first batch of rubber trees will begin to cut rubber in April this year. It is expected to build a rubber processing plant in 2020

the rubber industry in Ghana has developed well in recent years. The government regards the rubber planting industry as the main sector to create employment and increase farmers' income, and provides the financial and technical support

the western, central and northern provinces of Ghana are part of the traditional rubber plantation. Ghana's rubber is mainly used for export, 95% of which is exported to France, Turkey, South Korea and East Africa

according to the estimation of Ghana's Ministry of food and agriculture, Ghana's rubber export value will reach 250million US dollars by 2020, and Ghana's main rubber production enterprises include the French funded Ghana rubber leading enterprise "Ghana Rubber Industry Co., Ltd." (Grel)

natural rubber planting in Gabon began in 1981. The Gabonese government established the Gabonese rubber company in 1981. At that time, the registered capital was 550million CFA francs, about 2million US dollars. The government accounted for 99.9% of the shares. Gabonese rubber has a large-scale production base relying on processing enterprises

currently, Gabon rubber company has three industrial plantations, with a total planting area of more than 9000 hectares. The largest rubber plantation is located in the north of Mitzic area (Waller entem province), with an area of 5050 hectares; The other two plantations cover an area of 2000 hectares and are located in Bitam area (Waller entem province) and kango-ekouk area (Hekou province); In addition, the Gabonese rubber company has mobilized villagers to plant rubber in the above-mentioned areas on a household basis

Mitzic, a subsidiary of Gabon rubber company, has a design annual capacity of tons. Since 1993, the output of the plant has increased year by year, from 1742 tons in that year to 10963 tons in 1998 (3037 tons/94, 4878 tons/95, 7202 tons/96, 10098 tons/97). However, since 1998, the output has plummeted, reaching 3677 tons in 1999 and 2363 tons in 2000

all the rubber produced in Gabon is for export, and the market is mainly in Europe (France, Italy, Netherlands, Germany, Portugal, Spain, Belgium, Greece), America, South Africa, Singapore and other countries

according to the analysis of China Africa Trade Research Center, the annual supply and demand gap of global natural rubber exceeds 1.1 million tons, of which Africa's rubber production accounts for about 6% of the world's production, while Cote d'Ivoire, Nigeria, Liberia, Cameroon, Ghana and Gabon are considered to be the top rubber producers in Africa. Therefore, in the face of the rising tire prices and the urgent demands of African countries for African economic diversification, the development of African rubber industry will be paid more attention again, and investors have a large number of investment opportunities with relatively complex structures in both rubber planting and rubber processing

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