Natural Rubber (NR) exports from the member countries of Association of Natural Rubber Producing Countries (ANRPC) is up by 8.9 per cent during the first half of 2017 compared to the same period in 2016. The estimated exports from ANRPC member Countries was 4.630 million tonnes. This is inclusive of NR exported to China in the form of compound rubber and mixture rubber.
However, the total exports by ANRPC has been revised downward to 9.217 million tonnes during 2017, compared to 9.222 million tonnes reported reported earlier. The major reason behind the correction is the marginal downward revision by India for its exports.
During the first half of 2017, Thailand exported 2.006 million tonnes of rubber, registering a growth of 5.7 per cent year-on-year. There are reports that the manufacturing Production Index in the country has surged by 1.4 per cent in May, suggesting that the economy was gaining momentum, ANRPC said in its latest report.
The exports was 1.897 million tonnes during the same period in 2016. The total exports of NR from Thailand was 3.807 million tonnes in 2016.
Indonesia, Malaysia and Cambodia have demonstrated faster growth in exports at 9.4 per cent, 18.7 per cent and 33.5 per cent respectively compared to 1.1 per cent in Vietnam during the same period.
The accumulated exports of NR by ANRPC Member Countries is expected at 7.059 million tonnes, up 7.5 per cent during the first nine-months of 2017. This is based on actual figures up to March, preliminary estimates up to June and forecasts for July to September 2017.
ANRPC has compiled the monthly trends in exports based on actual up to March, preliminary estimates for April to June 2017 and anticipated figures for July to September 2017.