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[VI] RUBBER INDUSTRY REPORT 2023 & 2024 OUTLOOK

SUMMARY

 

World: In 2023, the world's natural rubber supply is estimated to reach 15.15 million tons, up 3.5% over the same period. Meanwhile, demand decreased by 0.5% over the same period, making it difficult for most natural rubber exporting countries. Natural rubber export volume (HS4001) of Thailand decreased by 17%, Indonesia by 15%, and Malaysia by 8% over the same period.

 

Vietnam: Vietnam's rubber harvest area and output in 2023 will decrease by 1.1% and 3.4% respectively over the same period. Domestic rubber prices also closely follow the increase/decrease of world rubber prices.

 

The entire Vietnamese rubber industry is generally not favorable, both exports and domestic consumption are weak, and the average export/selling price decreased by 12.7% over the same period. Most large enterprises in the industry recorded a decrease in revenue and profits of 9-22% over the same period. Gross profit margin and net profit margin also decreased compared to 2022.

 

Outlook: World demand for natural rubber is forecast to continue to be weak, in the context of a difficult world economy and impact on global automobile consumption. Vietnam's rubber industry may be more positive in 2023 thanks to expectations of rising prices. But even so, the level of recovery is difficult to break out when world demand for natural rubber is forecast to remain weak.
 

TABLE OF CONTENTS

 

A. GENERAL PERCEPTION


B. WORLD RUBBER MARKET 2023

  • World supply and demand of natural rubber
  • World supply of synthetic/mixed rubber
  • World rubber price developments
  • Overview of the rubber industry in Thailand, Indonesia, and Malaysia
  • Summary of China's rubber import demand

 

C. OVERVIEW OF VIETNAM RUBBER INDUSTRY 2023

  • Vietnam rubber growing area
  • Distribution map of rubber growing areas
  • Vietnam rubber supply and demand balance
  • Domestic harvest output/import/export/domestic sale
  • Market share of Vietnamese rubber in some markets
  • Summary of 2023 business results of listed companies

 

D. RUBBER EXPORT 2023

  • Rubber export output and value
  • Average export price of some types of rubber
  • Structure of export categories
  • Export market structure
  • Rubber export markets
  • Top rubber-exporting enterprises

 

E. RUBBER IMPORT 2023

[VI] RUBBER INDUSTRY REPORT 2023 & 2024 OUTLOOK

$99.00Price
  • Number of pages:           32 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    Jan 20, 2024

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