Forecast of the development trend of the rubber industry: an increase of 8-10% in 2021

According to the prediction of the Association of Natural Rubber Producing Countries (ANRPC), the world's natural rubber production will drop by 6.8% in 2020 due to the fall in rubber prices, climate change and other factors. The world's natural rubber consumption is expected to fall by 7.3% in 2020 and increase by 8-10% in 2021.

The Thai Rubber Association is optimistic about the development of the rubber industry. The Thai Rubber Association analyzes that the covid-19 epidemic will change the demand for rubber gloves for a long time and bring about an increase in the demand for rubber gloves. It is expected that the demand for rubber gloves will increase by 25 in 2020 and 2021. % And 20%. At the same time, the International Tripartite Rubber Council (ITRC) will promise to strengthen cooperation.

The Thai government has proposed some measures to support small and medium rubber farmers and rubber companies: one is the income guarantee program for rubber farmers; the second is to stabilize rubber prices; the third is a credit support program for rubber wood and rubber companies (20 billion baht); the fourth is right The credit support program for rubber production companies (25 billion baht); the fifth is to provide assistance to rubber companies during the epidemic.