ANRPC's latest December report forecast that global rubber production is expected to rise 1.7% to 13.821 million tons in 2021. Among them, Thailand fell 3.9%, Indonesia increase 2.8%, China increase 22.9%, India increase 15.3%, Vietnam fell 1.9% and Malaysia increase 1 %.

Global rubber production fell by 3.7% to 1.301 million tones in December. Among them, Thailand fell 18%, Indonesia increased 4.7%, Vietnam increased 20.2%, and Malaysia increased 21.6%.

In 2021, global natural rubber consumption increased 8.7% year-on-year to 14.079 million tons. Among them, China increased 5.4%, India increased 19.2%, Thailand decreased 4.3%, and Malaysia decreased 2.8%.

Global natural rubber consumption fell 3.2% to 1.187 million tons in December. Among them, China fell 9.5%, India fell 21.8%, Thailand fell 25.1%, and Malaysia increased 7.5%.

While the global economy was hit hard by the Covid-19 pandemic in 2020, demand for growth in the natural rubber industry rebounded strongly, growing 8.7% in 2021. Natural rubber production rose 1.7% year on year. Because of the outbreak of new varieties of Covid-19, chip shortages caused by global supply chain disruption, high shipping costs, and expectations of economic recovery after the resumption of activity at different stages.

Effective pandemic control management is key to maintaining the economic recovery after the pandemic. Otherwise, once Covid-19 cases surge, every recovery of the economy will be limited and the economy will never be able to get rid of the new normal cycle under Covid-19, which could adversely affect its recovery. Therefore, in addition to popular vaccines and measures to contain the spread of the virus, other drugs targeting Covid-19 may be crucial to the economy breaking through the current situation.

(From: China Rubber Information and Trade Network)