ANRPC: Global natural rubber production slightly increased in July

Recently, the Association of Natural Rubber Producing Countries (ANRPC) released its July report. The agency predicts that global natural rubber production in July increased by 3.9% to 1.283 million tons, an increase of 15.5% from the previous month; natural rubber consumption increased by 8% to 1.266 million tons, an increase of 5.1% from the previous month. The actual situation needs to be verified through customs data in the following months.

ANRPC also updated its full-year forecast for 2022. In 2022, global natural rubber production is expected to increase by 3% year-on-year to 14.55 million tons. Among them, Thailand increased by 1.5%, Indonesia increased by 2.9%, China increased by 1.8%, India increased by 12.3%, Vietnam decreased by 1.3%, and Malaysia increased by 6.5%. Global natural rubber consumption increased by 3.7% year-on-year to 14.972 million tons. Among them, China decreased by 1.2%, India increased by 2.7%, Thailand increased by 44.1%, and Malaysia increased by 3.2%.

ANRPC pointed out that China's auto sales have further improved in July, and sales are expected to increase in the next few months, bringing a certain boost to the natural rubber market and making the natural rubber market recover better than expected. In addition, natural rubber exporting countries are benefiting from a relatively strong dollar, and countries can profit more in terms of exports.