Natural Rubber Market Intelligence

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COVID 19 impact on Natural Rubber market

 

  • Though the demand for rubber in the automotive sector decreased due to global economic slump due to the concerns over the Coronavirus spread, the demand for latex for the production of rubber gloves increased in order to meet the rising demand during the pandemic
  • The top rubber producer in Vietnam Rubber Group (VRG) started targeting buyers outside of China as the COVID-19 epidemic could further suppress the demand from the largest volume consuming country, China
  • After shutting down their operations, some of the Tier 1 tire manufacturers such as Michelin, Goodyear and Continental A.G. announced that they had resumed their operation in China with limited capacity after the outbreak and spread of COVID-19 epidemic

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Are you looking for answers on Natural Rubber category?

Are you looking for answers on Natural Rubber category?

  • What are the key trends in Natural Rubber category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Natural Rubber industry?
  • How is Natural Rubber industry performing?

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Report Coverage

  • Global Trade Dynamics
  • Regional Market Outlook- Thailand, Malaysia, Indonesia
  • Cost Structure Analysis
  • Price Forecast
  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macro-economic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advise
  • This report incorporates various trade dynamics from countries such as Thailand, Malaysia, and Indonesia

The global demand for natural rubber is predicted to grow at a CAGR of 4.8 percent (2019–2023) and the production is set to touch ~17 MMT (Million Metric Tons) by 2022, from the current level of 12.43 million MT. The automobile market is anticipated to increase the demand for natural rubber production in Thailand and Indonesia. On the other hand, the natural rubber market in Malaysia is set to grow due to the rise in latex products such as condoms and gloves.

Natural Rubber Market Analysis & Forecast

  • Thailand, with a supply share of 37 percent is estimated to supply 4.65 million MT of natural rubber at a CAGR of 4.5 percent by 2022
  • Only 14 percent of natural rubber is consumed domestically in Thailand, but it continues to be one of the most suitable sourcing regions as the area provides good quality rubber with a sufficient supply and low costs
  • Asia will continue to be the dominant supplier of NR(Natural Rubber) due to the increase in yielding area and the average yield in top producing countries like Thailand, Malaysia, and India
  • Emerging NR producers, such as Ivory Coast, Cambodia, etc., are likely to showcase competition in the future
  • Opportunities: Shift of the tire industry toward low-cost production countries is expected to open new avenues of tire growth, thereby increasing the NR market share.
  • Challenge: Shortage in supply, post 2020, on account of decrease in plantations post 2014, would pose concerns of limited output in supply
  • The natural rubber price forecast shows that with the weakening downstream demand, losses in TOCOCM markets, as well as end of the ITRC export curb scheme; the ongoing supply limitations may curb further declines in prices.

natural-rubber-market-size

Natural Rubber - Top Manufacturers

  • Sri Trang Agro
  • Southland Rubber
  • Thai Rubber Latex
  • Von Bundit
  • Halcyon Agri

Methodology for writing this Report

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Table of contents

  1. Natural Rubber Executive Summary
  2. Global Market Outlook
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Industry Best Practice
  1. Natural Rubber Market Analysis
  2. Global Market Size - NR
  3. Global Capacity - Demand Analysis
  4. Global Demand by Application
  5. Global Market Outlook
  6. Global Trade Dynamics
  7. −Global Imports
  8. −Global Exports
  9. Regional Market Outlook (Thailand, Malaysia, and Indonesia)
  10. − Supply - Demand Trends and Outlook
  11. −Trade Dynamics
  1. Natural Rubber Industry Analysis
  2. Industry Outlook (Thailand, Malaysia, and Indonesia)
  3. − Porter's Five Forces Analysis
  4. − Industry Drivers and Constraints
  5. − Industry Updates
  6. − Innovations
  1. Cost and Price Analysis (Asia)
  2. − Cost Structure Analysis
  3. − Price Forecast
  1. Natural Rubber Supplier Analysis
  2. Key Suppliers; Supply Chain Parameters
  3. Exhaustive Supplier List
  4. Key Global Supplier Profiles
  5. − SWOT Analysis of Global Suppliers
  6. − Financial Risk for Top Five Global
  7. Suppliers (if publicly listed)
  1. Natural Rubber Industry Best Practices
  2. Contract Structures
  3. Engagement Models

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Natural Rubber Global Demand by Application

The major demand drivers, such as automobiles, tires and latex sectors, are expected to witness an optimistic outlook as 2017 progresses

The automobile production rise in developed regions, such as the US and Europe, and improved demand for passenger cars in India, China, Korea, etc.,are expected to support the global Natural Rubber demand. However, decline in auto and tire sales have been witnessed in 2018 and H1 2019.

  • Emerging markets, such as China and India, are driving the total tire demand growth, as well as tire production.
  • The tire industry is shifting to low-cost production countries.
  • Latex products, such as gloves, dipped goods, are predominant in the Southeast Asian market, due to their strong R&D, sufficient supply and quality, like Malaysia and Thailand.
  • The latex demand is quite high in Malaysia to meet the rise in demand; being a producer, the region still imports from Thailand.
  • Other NR segments portray a modest market share, in terms of demand and growth, compared to other major end uses. These sectors are impacted by technology, economies of scale, efficient operational costs, etc.
  • In India, based on the above factors, imported non-tire products are cheaper than domestic products

Natural Rubber Global Market Size

  • The NR market is expected to come out of the lackluster market sentiments, portrayed from 2014 to early 2016
  • This positive outlook would align with strong support from limited supply concerns, demand from automobiles, tires and latex sectors, and the positive macroeconomic factors, such as rebound in the Chinese manufacturing activity
  • The natural rubber industry market size had witnessed a decreasing trend from 2014 to early 2016, due to lack of support from downstream demand from major consumers, such as China, the US, etc
  • Prices declined sharply to a 34 percent difference from January 2014 to January 2015
  • During the second half of 2016, the industry witnessed a rebound in market sentiments, leading to supply shortages and high prices
  • Major demand drivers, such as automobiles, tires, and latex sectors, are expected to witness an optimistic outlook, thereby providing a strong revival market support, in terms of rise in consumption trends
  • The NR market witnessed a lack of strong growth catalysts in 2018 to H1 2019, with a decline in sales of automobiles and tires
  • Market participants expected a slow recovery in auto demand (amidst changes related to e-vehicles and tariffs). Positive outlook would be supported by the continuously improving demand from latex sector goods, such as gloves, condoms, other dipped goods & industrial durables
  • Price hikes from supply crunch and volatility in crude oil prices are expected to impact the market
  • This may support TOCOM market shares, rebound in Chinese manufacturing activities, firm boost from the downstream sectors, etc.,as the year progresses

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