A survey of the U.S. rubber industry shows a strengthening economy and optimism.
2012-04-27
The American Rubber Products Manufacturers Association (ARPM) recently conducted a survey of managers in the rubber products manufacturing industry, indicating that the economic trend of the U.S. rubber industry strengthened in 2012, with a noticeable optimistic atmosphere. The economic indicators from the survey (including sales trends and general profitability) showed that the industry's sales increased in the fourth quarter of 2011 compared to the third quarter and continued to strengthen. The data in the report indicated the development trend entering 2012, with 43% of respondents reporting an increase in sales in the fourth quarter, while 26% stated that sales remained unchanged. In 2012, the market's optimistic sentiment was evident, with 72% of respondents expecting an increase in sales trends for the entire year, while only 3% anticipated a decrease. Encouragingly, over 36% of respondents reported an increase in profits in the fourth quarter of last year, while the remaining 46% stated that profits remained flat.
The indicators from this survey show that the economic situation in the rubber products industry is developing positively. Another positive trend observed in this survey is that ARPM's clients are not as actively seeking overseas supply sources as before, nor are they looking for new alternatives domestically. In the fourth quarter of 2011, the number of rubber product manufacturers losing business from foreign suppliers was zero, while the number of rubber product manufacturers winning business from overseas was nearly 20%. Over 40% of managers in the U.S. rubber products industry answered 3,131 economic indicator questions electronically, covering their performance in the fourth quarter of 2011 and their forecasts for 2012.
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