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[VI] RUBBER INDUSTRY REPORT - OCTOBER 2023

SUMMARY

 

In general, the rubber industry in Q3/2023 has many positive points. Specifically, export output in the third quarter increased significantly. The reason is due to the harvest season; Exports to China are positive, and the US market has improved. Although the average export price in the third quarter still decreased by 2.3% compared to the previous quarter, it began to increase again in September following the general trend of recent world rubber prices.

 

Total export output in the first 9 months of the year was almost equal to the previous year, while the average export price still decreased by 18.5% compared to the previous year. Vietnam's rubber market share in China has increased again from August to 18.2% (after decreasing in the first 6 months of the year).

 

OUTLOOK: Rubber exports are expected to continue to be positive in Q4, mainly thanks to favorable export prices. Specifically, according to Vietdata's estimates, exports could increase by about 15% compared to the third quarter in both volume and value. However, in the long term, it is also necessary to note a number of points that may affect the market share of Vietnamese rubber in China in the near future.

 

TABLE OF CONTENTS

 

A. GENERAL PERCEPTION
 

B. RUBBER PRICE DEVELOPMENTS

 

C. THE WORLD'S RUBBER SUPPLY
 

D. EXPORT SITUATION

  • Export overview
  • Export market
  • Structure of export categories
  • Average export price movements of some types of Vietnamese rubber
  • China's import demand & Vietnam rubber's market share

 

E. IMPORT SITUATION

 

F. SALES OF TOP RUBBER EXPORTING ENTERPRISE 8M/2023

[VI] RUBBER INDUSTRY REPORT - OCTOBER 2023

$39.00Price
  • Number of pages:           20 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    October 20, 2023