German rubber industry recovers despite the raw material shortage
The rubber industry in Germany witnessed a recovery during the first half of 2021 despite the problems with rubber supplies in the EU countries.
According to the German rubber association WDK, rubber sales increased in the last quarter. They stood 16.5 percent higher if compared with last year. However, if compared to the rates recorded in 2019, the sales declined 6 percent.
According to WDK forecast, rubber sales will escalate by 9 percent compared in comparison with last year and will reach €10.2 billion by the end of 2021.
Tire sales also saw an increase and rose over €3 billion. The German rubber association has shared its statistics in which the authoritative body claimed that the producers manufactured 420 kilotons of tires. This is almost 25 percent higher compared to the amount they had produced last year.
Additionally, more tires have been purchased this year compared to 2020, according to the WDK. The statistics rose 49 percent, thus, the utilization rate exceeded 90 percent.
Some authorities also warned that vehicle producers face challenges this year due to raw materials shortages. This makes manufacturing process harder.
The key suppliers ran out of rubber, and the pandemic made the logistics of rubber deliveries to Germany more complicated. The German rubber association urged the national authorities to come up with solutions that would help rubber production.
Article by TOPOF.RU.