Recently, ANRPC released its May 2023 report.
As the world enters a new round of rubber tapping season, global natural rubber production in May is expected to increase by 0.3% year-on-year to 1.006 million tons, a month-on-month increase of 12.3%.
Natural rubber consumption is expected to increase by 3.5% year-on-year to 1.272 million tons, a month-on-month decrease of 1%.
At the same time, ANRPC also adjusted its overall forecast for this year.
It is expected that in 2023, global natural rubber production will increase by 2.5% year-on-year to 14.888 million tons.
Among them, Thailand increased by 2.5%, Indonesia increased by 1.8%, China decreased by 0.1%, India increased by 3.8%, Vietnam increased by 0.1%, Malaysia increased by 11.4%, and other countries increased by 2.8%.
In 2023, global natural rubber consumption is expected to increase by 0.3% year-on-year to 15.118 million tons.
Among them, China grew by 4.3%, India grew by 1.9%, Thailand fell by 26%, Malaysia grew by 5.8%, Vietnam grew by 5.8%, and other countries grew by 0.6%.