RUBBER BOA, rubber speed bump,rubbers,boas source ABC News (AU) title RUBBERS: Rubber boas, rubber roofs, rubber bumper – a roundup article RUMOR: New Zealand’s rubber boom, rubber bumpers, rubber roofing materials are sparking a boom in the rubber business.
It has been likened to the boom of the 1970s and 80s, when rubber production exploded across the country, leaving New Zealand with its own unique blend of rubber, with its rubber boas and rubber roofs.
A recent report by The Reserve Bank says rubber production is now equivalent to almost half of the nation’s exports, more than double what it was in 2009, and is expected to continue to grow over the next 10 years.
The boom in rubber production was fuelled by a strong global demand for the material and was driven by demand from China, the Reserve Bank said.
The Reserve bank said the boom was fuelled in part by an increase in demand from emerging markets.
“There was a very significant jump in demand, with a much stronger and more rapid growth in China than in the developed world, compared to the previous boom in demand,” it said.
“Demand for the product was greater in China compared to other emerging markets.”
In recent years, the rubber boom in New Zealand has been boosted by a bumper rubber bumper.
New Zealand produces more than 70 per cent of its rubber on the Gold Coast and around 20 per cent in the Otago region.
New figures released in July showed that in July, there were about 1,200 new applications for rubber bump and a further 4,000 applications for the rubber boa.
The government’s rubber bumper has grown in size and popularity in recent years.
Since 2007, the number of applications for bump has increased by more than 60 per cent to about 8,000.
The Government says the boom has helped boost New Zealands manufacturing and employment.
However, a spokesperson for the New Zealand Rubber Manufacturers Association said the number had been increasing in recent months.
“It is difficult to assess the impact of the rubber bumper in terms of economic growth, but the government’s growth strategy has been to grow the rubber industry by increasing the number and quality of products manufactured on the country’s beaches,” they said.
Mr Halsey said the bumper had become popular because of its ability to lift boats and other equipment from rough seas and the ease of transporting it.
“We use the bumper to move large cargo around the Gold and Otago Coast,” he said.