Natural Rubber Market
Regions Covered
SEA
Regions Covered
SEA
The NR market 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. The global NR demand is projected to increase at a CAGR of 4.2 percent. Production is expected to be around 16.16 million MT by 2022, from the current level estimated at 12.43 million MT in 2017. There was a shift in supply dynamics during 2013 as Vietnam and China had repositioned themselves as the third and fourth largest NR producers in the world, respectively. Vietnam and China made extensive NR investments in countries like Laos and Cambodia. The major demand drivers, such as automobiles, tires and latex sectors, are expected to witness an optimistic outlook. Thailand is the top producing region, accounting for 37 percent of global production. Most of the NR produced in Thailand is still in the primary processing phase, where the need is to meet the demand of importing countries that are users of final products, such as tires, gloves, etc. The supply network in Malaysia is highly structured to ensure consistent production in terms of quantity and quality. The supplier bases are interconnected with MNCs and international joint ventures with the US, Europe, etc., and the local small-scale players
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 subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.
Want a more detailed personalised report?
Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. We work with over 10,000 companies worldwide, including 400 of the Fortune 500.
© Copyright © 2021 Beroe. All rights reserved.
