ANRPC: Global natural rubber production is expected to increase by 1.9% in 2022, and demand will increase by 1.2%

The latest report released by ANRPC predicts that global natural rubber production is expected to increase by 1.
9% year-on-year to 14.
107 million tons in 2022
.
Among them, Thailand increased by 0.
2%, Indonesia increased by 4%, China increased by 1.
6%, India decreased by 3%, Vietnam increased by 4.
3%, and Malaysia increased by 3.
8%
.


In 2022, global natural rubber consumption is expected to increase by 1.
2% year-on-year to 14.
232 million tons
.
Among them, China was basically flat, India increased by 4.
8%, Thailand decreased by 1.
2%, and Malaysia increased by 1.
7%
.


  The positive sentiment in the natural rubber market faces some challenges that could hinder its growth, the report noted
.
On the supply side, it is affected by unfavorable weather, labor shortages in natural rubber-producing countries, the spread of virus variants and shutdown seasons, which could exacerbate the tight raw material supply situation
.
In the coming months, the outlook for natural rubber demand is good, given strong demand from the healthcare industry and growth in auto sales in major economies
.