Opinion

Trade Updates - Natural Rubber

Indonesia
Malaysia
Thailand
Market & Price Trends
Published Jun 18, 2018
Natural rubber price is expected to increase, backed by rising demand in tyre.

Trade Updates - Natural Rubber

Natural rubbers are mainly produced out of the latex from the rubber tree. The most important use of natural rubber is in vehicle tyres, taking up 60% of global natural rubber usage. Other significant uses are hoses, door and window profiles, and matting. Global tyre industry is expected to grow at 4% CAGR with rising consumption in the vehicle industry. Natural rubber price is expected to increase, backed by rising demand in tyre.


Source: Tridge

According to Tridge, Thailand, Indonesia, and Malaysia are main exporters of natural rubber, three countries taking up almost 70% of world exports. Total export values of natural rubber recorded USD 14 billion in 2016.


Source: Tridge

China is the largest tyre producing country, and also the top importer of natural rubber, taking up over 30% of global imports. The imported amount is set to grow with rising demand from global tyre market.


Contact Us: 

For questions regarding this article: eunyoo.chang@tridge.com

For sourcing inquiries on natural rubber: eunjee.lee@tridge.com

Or request for quotation through https://www.tridge.com/inquiry 


References

1. http://www.anrpc.org/

2. http://www.rubberstudy.com/natural.aspx

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