In October 2022, global natural rubber production is expected to increase by 5.1%, and consumption will increase by 1.2%

ANRPC's latest October report predicts that global production of tianjiao in October is expected to increase by 5.
1% to 1.
435 million tons, an increase of 3.
2% from the previous month; Tianjiao consumption is expected to increase by 1.
2% to 1.
301 million tons, an increase of 2.
8%
from the previous month.

In 2022, global tianjiao production is expected to increase by 2.
1% year-on-year to 14.
343 million tons
.
Among them, Thailand increased by 0.
9%, Indonesia increased by 2.
9%, China increased by 1.
6%, India increased by 12.
3%, Vietnam decreased by 2.
8%, Malaysia decreased by 14.
8%, and other countries increased by 8.
2%.

In 2022, global consumption of tianjiao is expected to increase by 2.
1% year-on-year to 14.
805 million tons
.
Among them, China decreased by 1.
6%, India increased by 2.
7%, Thailand increased by 44.
1%, Malaysia decreased by 4.
2%, Vietnam increased by 33.
3%, and other countries decreased by 2.
9%.

The report noted that fears of a global recession intensified after the Fed raised interest rates by another 75 basis points in early November 2022 to combat inflation, and other central banks are expected to do the same
.
As a result, the global economy has recovered
after the pandemic.
Under this inflationary pressure, the economy and borrowing costs are rising and may be subdued
.
Although global natural rubber demand growth is expected to slow this year given this economic conditions, global natural rubber demand is expected to grow
.

From: China Rubber Information Trade Network