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Indonesia's rubber production is expected to decli

2022-09-30

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Indonesia's rubber production is expected to decline by 15% this year

Jakarta news, Indonesia's rubber production is expected to decline by 15% this year, from 1.5 million tons last year to 1.3 million tons

the head of the Indonesian Rubber Producers Association said that the reason for the reduction in production was the long-term drought in some areas. In addition, rubber prices fell, and rubber farmers changed some rubber plantations into palm oil plantations

the global economic downturn, weak automobile demand, tire manufacturers cut production and testing, resulting in rubber saturation in the market, and the rubber price in Southeast Asia is hovering at the lowest level in 30 years

3. Abnormal hammer return

Indonesia, Thailand and Malaysia are the next three largest rubber producers, and their natural rubber production accounts for 80% of the world's total production. Indonesia exports 90% of its rubber, while domestic consumption accounts for only 10%. Last year, Indonesia exported 1.38 million tons of rubber, worth nearly $889 million. The year before last, Indonesia exported 1.49 million tons of rubber, worth 849 million US dollars. 7. The main exporting countries of Indonesian rubber are the United States, Japan, Singapore and European countries, of which the United States accounts for 40% of its total exports