ISBN: - 978-93-88936-09-5 Table 3.3 World Rubber Consumption from 2001-02 to 2014-15 (‘000 tonnes) Year 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 TOTAL Mean Std.dev correlation Natural Rubber 7333 7567 7912 8698 9190 9662 10139 10181 9361 10773 11007 11042 11055 12137 136057 9718.357 1457 0.612 Synthetic Rubber 10253 10737 11206 11700 11735 12420 13073 12508 12117 13976 14831 14895 14902 19984 184337 13167 2487 Total Consumption 17586 18304 19118 20398 20925 22082 23212 22689 21478 24749 25838 25937 13104 32121 307541 21967 4530 0.685 Source: International Rubber Society Group, 2014, Rubber Statistical Bulletin (April – June 2016) of International Rubber Study Group The above table stated that World Rubber Consumption from 2001-02 to 2014-15. In terms of global consumption of rubber, witnessed a growth rate of 3.14 percent. Compared to the year 2000, global demand rose to about 30 percent by 2014-15. Consumption of natural rubber increased from 7333 tonnes in 2001-02 to 12137 tonnes in 2014-15, except in 2009-10. In the case of synthetic rubber also similar trend is visible in terms of increase in consumption over the years. Consumption of synthetic rubber increased from 10253 tonnes in 2001-02 to 19984 tonnes in 201415, except in 2008-09. Increase in the economic development in the emerging economies like China and India had played a significant role for the increase in the consumption of rubber both natural as well as synthetic rubber. This study reveals that, the World Rubber Consumption have the results of variables consumption of NR, and consumption of SR are more than 0.5. The shows results are 0.612 and 0.685 respectively. So it is a highly positive correlation. There is significant relationship between the total consumption of natural rubber in the world and consumption of NR, and consumption of SR. 69 Growth Rate -3.21 4.08 4.45 6.7 2.58 5.53 5.12 -2.25 -5.34 15.23 4.4 0.38 0.8 3.2 47.67 3.2 4.7
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