China's demand for natural rubber has increased by nearly 900,000 tons in three years

- Jun 04, 2019-

On May 29th, Chaiyos Sincharoenkul, President of the Natural Rubber Association of Thailand, delivered a speech entitled “The Supply and Prospects and Prospects of Natural Rubber in Thailand”.

According to Chaiyos Sincharoenku, China's demand for natural rubber has increased from 4.78 million tons in 2015 to 5.67 million tons in 2018. China's demand for rubber is expected to be 5.78 million tons in 2019, an increase of 1.9% over last year. Thailand is developing incentive measures for natural rubber from three aspects to promote the development of the rubber products industry. The first is to reduce the supply of natural rubber in Thailand, to convert 32,000 hectares of rubber trees, and to implement short-term stop tapping. The second is to increase the consumption of natural rubber in Thailand, which will use 1.44 million tons of fresh latex or 35% dry rubber. The third is to encourage the development of the rubber products industry. The goal is to encourage domestic production of more value-added products and to encourage investors to invest in the production of rubber products in Thailand by providing attractive incentives.

Chaiyos Sincharoenku concluded that 2018 is a year of great challenge for all stakeholders in the rubber industry. The low price of rubber and its large fluctuations will affect the livelihoods of small planters around the world in the long run. In the long run, even rubber product manufacturers will not benefit from the low rubber prices. The Thai government has implemented a number of policies to support these small planters and has introduced new strategies and strategies to stabilize rubber prices. Increase the consumption of raw rubber through important initiatives that are agreed upon to meet the demand for value-added products.