The Association of Natural Rubber Producing Countries (ANRPC) releases the Monthly NR Statistical Report, January 2023.
In 2023, the outlook of global natural rubber (NR) market is anticipated to reach 14.693 million tons for production while consumption is projected at 14.738 million tons. The pie charts below exhibit the shares of ANRPC member countries and non-ANRPC member countries in 2023.
14.672 million tons
14.738 million tons
The global production is expected to produce 1.32 million tons of NR; while the projected global demand of NR amounted to 1.048 million tons based on the preliminary estimates from ANRPC member countries.
2023 is still a challenging year ahead with the uncertainties surrounding the global economic recovery from the pandemic. Despite the World Bank and International Monetary Fund (IMF) have both projected a slower growth for 2023 at 1.7% and 2.9% respectively compared to last year, the anticipated growth is cautiously optimistic for an economic recovery in 2023. While the NR market is weighed on the market fundamentals of NR market itself and other external factors such as inflationary pressures, geopolitical tensions, global crude oil market and others which could play an influential role in the NR market respectively.
For new and renewal subscription for the year 2023, you may contact the ANRPC Secretariat for further details at email@example.com.
TOH, Heng Guan