ANRPC: Global natural rubber production is expected to increase by 1.9% in June and consumption by 2.2%

ANRPC's latest June 2023 report predicts that global natural rubber production in June is expected to increase by 1.9% to 1.119 million tons, an increase of 11.5% from the previous month; natural rubber consumption is expected to increase by 2.2% to 1.28 million tons, compared with It increased 0.3% last month.

In 2023, global natural rubber production is expected to 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 decrease by 0.03% year-on-year to 15.118 million tons. Among them, China increased by 4.3%, India increased by 1.9%, Thailand decreased by 26%, Malaysia increased by 5.8%, Vietnam increased by 5.8%, and other countries increased by 0.6%.