Metallurgy / Chemicals / Rubber & Plastics

The adviser to the Minister of Agriculture and Cooperatives of Thailand said recently that according to the reports of the ambassadors around the world on rubber production, trade and competition from the beginning of the year, as well as the report of the Rubber Bureau, rubber exports will increase in 2022, and exports will be improved after the new crown epidemic improves. more than 4 million tons. However, there are still negative factors, such as the Russian-Ukrainian war, and rising oil and fertilizer prices, which will directly or indirectly affect the stability of rubber exports and prices.

From January to April this year, Thailand's rubber exports to Russia decreased by 16% compared with the same period last year. Exports to the Chinese market have improved, and the current market share exceeds 10%, second only to Thai fruits, which account for 40% of China's import market share. With the gradual improvement of the epidemic in China, the electric vehicle market is expanding, and Thai rubber is likely to occupy the first place in China's import share.