Metallurgy / Chemicals / Rubber & Plastics

ANRPC's latest June report predicts that global natural rubber production in 2021 is expected to increase by 5.8% year-on-year to 13.812 million tons, which is consistent with the forecast in May. Among them, Thailand increased by 6.9%, Indonesia increased by 2.8%, China increased by 18.5%, India increased by 13.9%, Vietnam increased slightly by 0.1%, and Malaysia increased by 8.8%.

Global natural rubber production is expected to increase by 12.8% to 1.051 million tons in June. Among them, Thailand increased by 33.8%, Indonesia increased by 1.4%, Vietnam was basically flat, and Malaysia increased by 25.3%.

In 2021, global natural rubber consumption is expected to increase by 8% year-on-year to 13.869 million tons. Among them, China increased by 4.1%, India increased by 10.5%, Thailand decreased by 10%, and Malaysia increased by 4.3%.

Global natural rubber consumption is expected to increase by 9.8% to 1.135 million tons in June. Among them, China increased by 2.9%, India decreased by 6.8%, Thailand increased by 3.1%, and Malaysia decreased by 9.9%.

Judging from the current adjustment, the global natural rubber market demand is expected to further expand in 2021.

The World Bank raised its forecast for the global economy in 2021 from 4% in January 2021 to 5.6% in the recently released Global Economic Outlook. The improved forecast is mainly due to the recovery of major economies. The world still faces the difficulty of striking a balance between supporting economic recovery and ensuring fiscal sustainability.

The recovery of the global natural rubber market is still subject to a variety of factors, such as diseases faced by natural rubber producing countries, and other external factors such as the emergence of new Covid-19 variants, the availability of vaccine supplies, and national vaccination promotion plans.