SunSirs: In November 2022, Malaysia's Natural Rubber Production Continued to Decline
January 16 2023 12:38:40According to the Malaysian Bureau of Statistics on January 13, the export volume of natural rubber in November 2022 decreased by 16.1% year-on-year to 51104 tons, with a year-on-year increase of 23%. 54.3% of them are exported to China, followed by the United States 3.6%, Germany 2.8%, Türkiye 2.2% and Brazil 1.8%.
Malaysia's imports of natural rubber in November were 99198 tons, down 1.3% year-on-year and up 25.1% month-on-month. Standard rubber, concentrated latex and natural rubber of other shapes are the main import categories, and the main import sources are Thailand, C ô te d'Ivoire, the Philippines, Myanmar, etc.
In November, the total monitored production of natural rubber was 28048 tons, down 8% year-on-year and 11.8% month-on-month. Among them, the output of small plantations accounted for 87.2%, and that of state-owned plantations accounted for 12.8%.
Malaysia's natural rubber inventory in November was 195353 tons, down 1.4% month-on-month and 27.5% year-on-year. 90.4% of the inventory is concentrated in the hands of rubber processors, 9.5% in the downstream terminal inventory, and 0.1% in the main inventory of large plantations.
In November, the total domestic consumption of natural rubber decreased 34.1% year-on-year to 28537 tons, with a month-on-month increase of 0.6%. The latex glove industry is still the main force of the consumption of natural rubber in Malaysia, accounting for 70% of the consumption, 6.7% of the consumption of tires and rubber tubes, 10.8% of the consumption of rubber lines, and 12.5% of the consumption of other industries.
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