Asia Accounts for 93% of World Natural Rubber Production

Date: 2015-08-13

The global market is currently in its fourth year of surplus of natural rubber. The excess supply situation has caused stocks to pile high and prices are falling steadily. It is estimated that global rubber surplus reached 241,000 tons in 2014.

Asia accounts for 93% of the world natural rubber production with Thailand being the largest producer followed by Indonesia and Vietnam. Other large rubber producers in the region include India, China and Malaysia.China is the world’s largest consumer of natural rubber followed by India and the United States. Increasing consumption of tyres and industrial rubber products is expected to boost the global demand for natural rubber.

Malaysia is the world’s largest producer of rubber gloves followed by Indonesia. Both the countries are currently facing the challenge of low natural rubber production and the respective governments are putting many initiatives in place to boost the industry. 

The report ‘Malaysia & Indonesia Rubber Industry Analysis” highlights key dynamics ofMalaysia and Indonesia’s rubber sector. The potential of the sector in both the countries has been investigated along with key challenges.The current market scenario and future prospects of the sector has also been studied.The report contains latest verbatim of industry experts.

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