In August 2023, rubber prices at major Asian exchanges fluctuated strongly during the month. The main trend is a decrease in the first half of August and a strong increase again from the second half of August until now.
Rubber export output in August continued to be positive, reaching 222.48 thousand tons, up 1.45% over the same period. However, the average export price recorded in the month still decreased by 1.16% compared to the previous month due to contracts signed 2-3 months earlier.
Accumulated in 8M/2023, Vietnam exported 1,209 thousand tons, only a slight increase compared to 0.5% over the same period, mainly thanks to the positive recovery of the Chinese market in July and August.
However, the market share of Vietnamese rubber in China in the first 8 months of the year decreased over the same period. Notably, in the last 2 years, Thailand has increased exports of HS4002 rubber. Accordingly, Thailand's market share of this type of rubber increased by nearly 9% (since July 2021), while Vietnam is losing market share in this strong type of rubber.
TABLE OF CONTENTS
A. GENERAL PERCEPTION
B. RUBBER PRICE DEVELOPMENTS
C. THE WORLD'S RUBBER SUPPLY
D. EXPORT SITUATION
- Export overview
- Export market
- Import demand of some markets & Market share of Vietnamese rubber
- Structure of export categories
E. IMPORT SITUATION
F. SALES OF TOP RUBBER EXPORTING ENTERPRISE 8M/2023
[VI] RUBBER INDUSTRY REPORT - SEPTEMBER 2023
Number of pages: 19 pages
Data series: Last 13 months
Release date: September 20, 2023