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Global natural rubber production expected to rise 3.5% in November, consumption down 0.5%
2023-12-25

ANRPC's latest report for November 2023 forecasts that global production of natural rubber in November is expected to increase by 5.7% to 1.575 million tons, an increase of 0.7% from the previous month, while the consumption of natural rubber is expected to fall by 3.5% to 1.293 million tons, a decrease of 0.2% from the previous month.

In 2023 the global production of natural rubber is expected to increase by 3.5% year-on-year to 15.145 million tons. Among them, Thailand increased by 2.5%, Indonesia increased by 1.8%, China decreased by 2.4%, India increased by 3.8%, Vietnam increased by 4.1%, Malaysia decreased by 11.2%, and other countries increased by 13.8%.

In 2023, the global consumption of natural rubber is expected to fall 0.5% year-on-year to 15.438 million tons. Among them, China increased by 3.7%, India increased by 5.7%, Thailand increased by 1%, Malaysia fell 20.4%, Vietnam increased by 0.2%, other countries fell 11.1%.

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