Rubber as an important industrial raw materials, mainly in Southeast Asia production, the global rubber production countries are Thailand, Indonesia and Malaysia, these three countries account for 70% of the world's rubber production. Among them, Thailand is the largest producer and exporter of rubber among the three major producing countries.
According to the latest news on August 15, in the first half of this year, Thailand's rubber export volume was about 2.19 million tons, earning 70.5 billion baht (about 2 billion US dollars), making it the world's largest rubber exporter. Under such a good development trend, the Thai Rubber Authority expects Thailand's rubber production to reach 4.79 million tons this year.
(Source: Subtu network)
One of the uses of rubber is tire production, so the demand for tire manufacturing and the automotive industry has an impact on rubber to a certain extent. With China's economic growth, the automotive industry continues to develop, the market demand for rubber is also increasing, so far, China has become the world's largest consumer of rubber.
Relevant data show that in the first six months of this year alone, China has imported 1.42 million tons of rubber and synthetic rubber from Thailand, an increase of 5.37% year-on-year. Rubber and rubber products exported to China account for half of Thailand's commodity exports, and China has become Thailand's largest export market for rubber and rubber products.
(Source: Subtu network)
As one of the three major rubber producing countries, Malaysia also relies on the rubber exported from Thailand to a certain extent due to the shrinking area of natural rubber planting in the country, the production of rubber and the amount of exports. Malaysia is followed by the United States, Japan and South Korea.
(Source: Subtu network)
Similarly, as the demand for tires in the U.S., Japanese, and South Korean automotive industries increases, these countries have no way to produce their own rubber and mostly rely on imports. 90% of the world's rubber is in Southeast Asia, as the largest rubber producer in Southeast Asia, which undoubtedly drives Thailand's rubber exports.
Wen | Wei Yansong titled| huang zixin | Li Zeju