Metallurgy / Chemicals / Rubber & Plastics

According to Huacheng Import and Export Data Observation, Thailand's agricultural products still have risks. Because the output of agricultural products far exceeds the domestic consumption demand of Thailand, it must rely on the export market of the global market and must face fierce competition, which affects the stability of the price of agricultural products in the country. The price of agricultural products fluctuates every year, and the fluctuation of the price has a direct impact on farmers, As a result, the government needs to spend hundreds of billions of dollars a year to help alleviate the impact on farmers, Huacheng Import and Export Data Observation reported.

So, what will be the trend of Thailand's main agricultural products in 2023? In general, both production and export have a positive trend. As for the risk factor, the global economy tends to slow down. Huacheng Import and Export Data Observation Report.

Among them, rubber depends on the demand of China. With the expansion of planting area in new rubber producing countries, such as Cambodia, Laos, Myanmar and Vietnam, the global rubber production is expected to increase in 2023. At the same time, it is expected that with the increasing demand of rubber-related industries and the expansion of the electric vehicle (EV) industry, the global demand for the use of rubber will also increase from 2022. Huacheng Import and Export Data Observation Report.

As for Thailand, it is expected that with the increase of demand for rubber in the world market as scheduled, the price of rubber in Thailand will also rise compared with last year, which will affect the price in the future market and domestic market. However, we also need to pay attention to the negative impact of the global economic slowdown. The fluctuation of exchange rate and crude oil price in the world market may also affect the rubber price. In any case, with the announcement that China will open its doors nationwide on January 8, it is expected that China's economy will recover and the import volume of rubber will also increase.