In 2018, world production of natural rubber (NR) accounted 13.960 million tonnes, an increase of 4.6% from 13.350 million tonnes on a year-to-year basis. Meanwhile, the world demand recorded an increase of 5.2%, year-to-year, amounting to 14.017 million tonnes
in 2018. This resulted a deficit in demand of 57,000 tonnes of NR during the reference period. This scenario is attributed to the recent revision from Thailand, says Association of Natural Rubber Producing Countries (ANRPC) in its latest report.
Majority of ANRPC member-countries have projected positive growth in production during the reference period such as Thailand (9.4%), Indonesia (4.0%), Vietnam (0.5%), China (4.3%), Cambodia (13.9%) and Philippines (8.7%). But the prolonged low prices have affected not only income but also wellbeing of millions of rubber smallholders from all producing countries, ANRPC says.
Exports of NR by ANRPC fell by 1.4%, amounting to 10.280 million tonnes in 2018, from 10.428 million tonnes recorded in 2017. At the same time, imports by ANRPC member-countries grew 1.3% during 2018, from 7.706 million tonnes on a year-to-year basis.