SUMMARY
In the first 2 months of 2024, the total global natural rubber supply increased over the same period, estimated at 2.25 million tons. Meanwhile, consumption increased by 8.5% over the same period, estimated at 2.4 million tons. Because total demand is higher than total supply, world natural rubber prices have increased continuously from the beginning of the year until now.
In Vietnam, rubber exports in the first 2 months of the year increased positively in both output and export prices. Specifically,
- Vietnam has exported nearly 300 thousand tons of rubber of all kinds. Exports increased positively in most markets. Especially, export output to two major markets, China and India, increased.
- The average export price in the first 2 months of the year increased nearly 4% over the same period last year. However, the price increase of exported shipments is still lower than the general increase in world rubber prices from the beginning of the year until now.
TABLE OF CONTENTS
A. GENERAL PERCEPTION
B. WORLD RUBBER MARKET
- World supply and demand of natural rubber
- Rubber price developments in Feb 2024 & the first half of Mar
C. VIETNAM RUBBER INDUSTRY
- Overview of exports in Feb 2024
- Market structure & export types 2M-2024
- Rubber export market
- Top rubber export enterprises in 2M-2024
- Import situation in 2M-2024
D. VIETNAM RUBBER MARKET SHARE IN SOME LARGE MARKETS
- Rubber import demand of US & Vietnam's rubber market share in 2023
- Rubber import demand of China & Vietnam's rubber market share in 2023
- Rubber import demand of India & Vietnam's rubber market share in 2023
- Rubber import demand of EU & Vietnam's rubber market share in 2023
[VI] RUBBER INDUSTRY REPORT - MARCH 2024
Number of pages: 28 pages
Format: PDF
Data series: Last 13 months
Release date: Mar 20, 2024