Global natural rubber production reached approximately 1.435 million tonnes during October 2022, a 3.5 per cent increase on production a year earlier. The Association of Natural Rubber Producing Countries (ANRPC) reports that its members accounted for around 87 per cent of this production.
Global natural rubber (NR) production output will rise 1.8 per cent to 13.836 million tonnes by the end of 2021, according to figures compiled by the Association of Natural Rubber Producing Countries (ANRPC) and published on 22 November 2021. However, while global output appears to have grown this year, full-year 2021 global demand projections point to growth of 8.3 per cent to 14.028 million tonnes. Therefore, demand still outstrips supply and so the resultant prices look likely to remain high.
The latest figures from the Association of Natural Rubber Producing Countries (ANRPC) suggest that year-on-year growth in global natural rubber supply won’t be quite as high as previously anticipated and will be lower than expected demand. The ANRPC has downwardly revised its full-year outlook on global natural rubber supply for 2021 to 13.782 million tonnes.
The Association of Natural Rubber Producing Countries (ANRPC) has further scaled back its outlook on world production of natural rubber. As per the revised outlook, world production is expected to fall by 4.7 per cent to 13.130 million tonnes during 2020.
Growers, suppliers and manufacturers of both natural and synthetic rubbers are feeling the impact of the COVID-19 pandemic, with demand for both commodities decreasing significantly in the first quarter of 2020.
Global demand for natural rubber (NR) is expected to outstrip supply this year, however the body representing 11 key producing countries cautions that strong demand doesn’t guarantee that the good prices seen earlier this year will be realised. Information published in June by the Association of Natural Rubber Producing Countries (ANRPC) shows that NR prices across key physical markets suffered further losses from the last week of May, despite a continued deficit in world supply.
Global demand for natural rubber (NR) is expected to outstrip supply this year, however the body representing 11 key producing countries cautions that strong demand doesn’t guarantee that the prices seen of late will be maintained.
The Association of Natural Rubber Producing Countries (ANRPC) reports that although the rubber yielding area in the countries it represents has considerably expanded this year (until the end of May 2016), this is unlikely to impact on rubber supplies as the average yield per hectare is declining. Furthermore, the ANRPC anticipates that demand for natural rubber will remain weak due to prevailing global economic uncertainties, including the threat of further US anti-dumping and countervailing duties, a measure likely to affect demand from China.
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Delwar Hossain; CC-SA 4.0