17-19, June 2020, HO CHI MINH CITY

Increase in exports of rubber over the same period in 2017

Increase in exports of rubber over the same period in 2017

According to updated data of the General Department of Customs, in November, the rubber exports of Vietnam still maintained an increase of 23.8% in volume and a rise of 6.1% in value over the same period in 2017. This is a positive sign for the rubber market in general.

In addition to the two fundamental factors of supply and demand, natural rubber prices in key markets have witnessed a slowing down as the demand is being affected by the US-China trade war, oil prices fell sharply as well as rubber inventory remained high.

It is estimated that rubber export of Vietnam in November 2018 reached 180 thousand tons, valued at $ 226 million, down 1.3% in volume and down 4.4% in value compared with October 2018, increased by 23.8% in volume and 6.1% in value over the same period in 2017; Average export prices decreased 14.7% over the same period in 2017 to $ 1.250/ton. Thus, the cumulative 11 months of 2018 showed that Vietnam's rubber exports reached 1.39 million tons, worth $ 1.88 billion, up 14.8% in volume, but down 6% in value compared with the same period of 2017; Average export prices decreased 18.2% over the same period in 2017, to $ 1,354/ton.

In October 2018, most of export categories of rubber increased over the same period in 2017. Among which, synthetic rubber exports accounted for 56.6% of the total export rubber volume, reaching 103.17 thousand tons, worth USD 135.71 million, up 35.1% in volume and 36% in value compared with September, 18.4% increase in volume and 41.1% in value compared for the same period of 2017.

In particular, rubber SVR 20 increased 468.9%, rubber SVR 10 increased 137.3%, mixed rubber increased 94.8% ...; SVR CV 50 decreased by 15.8%, rubber RSS1 decreased 41.5% and rubber SVR 5 decreased 26.5%...

Rubber & Tyre Vietnam, The International Exhibition & Conference on Rubber Industry and Tyre Manufacturing anually held in Vietnam, is an ideal place for connecting, enhancing and expanding businesses. Please come to visit Rubber & Tyre Vietnam 2019, which will take place from 26th – 28th June 2019 at Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.

Source: thitruongcaosu.net

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