8 Feb 2022
Despite the global economy was hit badly by Covid-19 pandemic in 2020, the natural rubber (NR) industry posted a strong recovery in demand with an 8.7% growth in 2021; while the production of NR recorded at 1.7% growth as compared to the previous year.
The Association of Natural Rubber Producing Countries (ANRPC) releases the Natural Rubber Trends, December 2021.
Despite the global economy was hit badly by Covid-19 pandemic in 2020, the natural rubber (NR) industry posted a strong recovery in demand with an 8.7% growth in 2021; while the production of NR recorded at 1.7% growth as compared to the previous year. The NR prices have also improved and averaged around US$1.68 per kg for TSR-20 grades and US$2.17 per kg for RSS-grades during 2021 following numerous uncertainties such as outbreak of new variant of Covid-19, global supply chain disruption caused by global shortage of chipset, high shipment costs and more, also, the expectation of economic recovery after resumption of activities in different phases.
Effective pandemic control management is the key to sustain the economic recovery from post-pandemic. Otherwise, each resumption of an economy will be subjected to movement curb once Covid-19 cases soared and the economy will never able to walk out of the cycle of new norm under Covid-19 which may have adverse effect to its recovery. Therefore, other pharmaceutical products for Covid-19 may be crucial for economies to break through the current situation, other than the prevailing vaccines and measures to curb the spread of the virus.
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 in January 2022 and the statistical tables will be published along with report. For renewal or new subscription for year 2022, subscribers may contact the Secretariat for further details at firstname.lastname@example.org.
I’d like to take this opportunity to wish all our readers for a prosperous, good health and great year ahead in the Year of Tiger. Gong Xi Fa Cai to all readers who is celebrating the Lunar New Year and happy holidays to others.
Mr. R. B. Premadasa