SunSirs: In January 2023, Malaysia's Natural Rubber Production will Decrease on a Month-on-month Basis
March 16 2023 09:55:32According to the Malaysian Bureau of Statistics on March 14, the export volume of natural rubber in January 2023 decreased by 20.1% year-on-year to 40867 tons, a year-on-year decrease of 16.3%. 41.2% of them are exported to China, followed by 5.4% in Türkiye, 5.1% in Germany, 3.6% in the United States, and 2.7% in Brazil.
Malaysia's imports of natural rubber in January were 109245 tons, down 22% year-on-year and up 37.3% 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 January, the total monitored output of natural rubber was 29451 tons, down 39.3% year-on-year and 3.6% month-on-month. The output of small plantations accounted for 84.2%, and that of state-owned plantations accounted for 15.8%.
Malaysia's natural rubber inventory in January was 194553 tons, down 3.4% month-on-month and 37.9% year-on-year. Among them, 90.7% of the inventory is concentrated in the hands of rubber processors, the downstream terminal inventory accounts for 9.2%, and the main inventory of large plantations accounts for 0.1%.
In January, the total domestic consumption of natural rubber decreased by 36% year-on-year to 27789 tons, a 2.8% month-on-month decrease. The latex glove industry is still the main force of the consumption of natural rubber in Malaysia, accounting for 69.5% of the consumption, 8.4% of the consumption of tires and rubber tubes, 10.4% of the consumption of rubber lines, and 11.7% of the consumption of other industries.
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