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Global natural rubber production is expected to increase by 13.6% to 941,000 tons in April 2022

 Last Update: 2022-08-11
 Source: Internet
 Author: User

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The latest April report released by ANRPC predicts that global natural rubber production is expected to increase by 16% to 941,000 tons in April; natural rubber consumption is expected to increase slightly by 3% to 21 million to.

In 2022, global natural rubber production is expected to increase by 8% year-on-year to 1179 million to.

In 2022, global natural rubber consumption is expected to increase by 2% year-on-year to 1639 million to.

The report noted that while market fundamentals remained favorable for the natural rubber market, the industry remained heavily impacted by other external global events during the reference peri.

The World Bank has cut its forecast for global economic growth in 2022 to 2 percent from 1 percent, citing uncertainty caused by the Russian-Ukrainian conflict and a Chinese blockade that could slow the outlook for a global economic recove.

From: China Rubber Information Trade Network

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