News From Secretariat
ANRPC Releases Monthly NR Statistical Report, January -February 2022 (Joint issue)
Mar 17, 2022
The Association of Natural Rubber Producing Countries (ANRPC) releases the Monthly NR Statistical Report, January & February 2022 (Joint Issue).
The global outlook of natural rubber (NR) market stays positive in 2022. The world production is expected to grow by 1.9% at 14.107 million tonnes while the world consumption is expected a moderate growth at 1.2% to 14.232 million tonnes during 2022.
Despite the positive sentiments in NR market, it also faces several challenges which may hinder its growth. In the supply side, it is heavily affected by adverse climate, labour shortage in NR producing countries amid the rising spread of Covid-19 variant, Omicron cases around the globe and off-tapping season which may aggravate the supply tightness of raw material in the coming months. While good prospect in NR demand in view of the strong demand from healthcare sector and positive auto sale growth in major economies.
Other global events may influence the NR market such as surge in crude oil prices, geopolitical crisis, reopening border and its economy under endemic arrangement, global supply chain disruption caused by delayed shipping schedule, global shortage of semiconductor chipsets and healthcare risk such as Covid-19 development.
Countries have taken different approaches to manage the Covid-19 pandemic for its nation and economy’s sake. However, an effective Covid-19 management is still key to sustain the economic recovery from the post-pandemic, otherwise, it will still pose uncertainties of adverse impact to its recovery.
The incessant support and cooperation extended by the esteemed users, statistical correspondents, and stakeholders are once again gratefully acknowledged. I would like to inform that this monthly publication will be rebranded as Monthly NR Statistical Report effective from this issue onwards. The statistical tables are also appendices along with report.
For renewal or new subscription for year 2022, subscribers may contact the Secretariat for further details at email@example.com.
R. B. Premadasa