ANRPC Releases Natural Rubber Trends & Statistics December 2020 (Last Updated: 27 Jan 2021)
ANRPC Releases Natural Rubber Trends & Statistics December 2020
Jan 11, 2021
The Association of Natural Rubber Producing Countries (ANRPC) releases its Natural Rubber Trends & Statistics December 2020.
Foreword from Secretary-General
The world production of natural rubber (NR) contracted at 8.3%, year-over-year, to 11.376 million tonnes during the first 11 months of 2020 (Jan – Nov) and likely to fall by 8.9%, year-over-year, for December 2020. The outlook of supply in 2020 is revised upward by 81,000 tonnes to 12.678 million tonnes compared to the outlook presented in the last issue. While the world production is anticipated to recover in January 2021 by producing about 1.192 million tonnes of NR against 1.056 million tonnes in January 2020.
The world consumption of NR posted a fall of 7.9%, year-over-year, to 11.660 million tonnes during January 2020 to November 2020, while the remaining month of 2020 (December) is likely to recover at 3.6% to 1.167 million tonnes. The revised outlook in 2020 is attributed to a marginal increase of 16,000 tonnes to 12.827 million against the outlook reported in the last issue. The world consumption is anticipated to sustain the positive growth in January 2021 at 15.5% to 1.172 million tonnes against 1.015 million tonnes in January 2020.
Recovery on prices of NR spotted across physical markets during December 2020. Despite uncertainty and unprecedented events happened in 2020, the average NR prices of SMR-20 closed at US$1.57 per kg in December 2020, improved from US$1.56 per kg recorded in November 2020. For STR-20, the average monthly price in December 2020 recovered from US$1.58 per kg in November 2020 to US$1.60 per kg. Both average prices of rubber sheets namely RSS-3 in Bangkok and RSS-4 in Kottayam have posted 1.2% growth and 2.5% growth in December 2020 while comparing to November 2020, respectively. A weaker US dollar and uptrend in Brent crude prices are favourable to NR market.
2020 has been a rough year to the world following an unprecedented hit by Covid-19 pandemic. The pandemic not only caused a heavy toll of deaths and illness, also dampened economic activities in the world for a prolonged period. The global economy is seeing some light at the end of the tunnel with expectation over China’s economic outlook leading the global recovery from the impact of Covid-19 with its robust export growth, strong government spending and low infection rate. The World Bank has recently released its forecast growth for the world economy to expand by 4.0% in 2021, recover from a contraction of 4.3% in 2020.
A vaccine-led economy will be a game changer to sustain the recovery from pandemic-hit economy globally. However, containment measure is also essential to set a foundation for robust growth amid challenges in public health, debt management, budget policies and structural reforms in respective countries.
The incessant support and cooperation extended by the esteemed users, statistical correspondents, and stakeholders are once again gratefully acknowledged.
Thank you.
Mr. R. B. Premadasa
Secretary-General
ANRPC Releases Natural Rubber Trends & Statistics, August 2020
ANRPC Releases Natural Rubber Trends & Statistics June 2020
Jul 03, 2020
The Association of Natural Rubber Producing Countries (ANRPC) has released its latest market trends report, Natural Rubber Trends & Statistics June 2020, which says that the key factor behind the abnormal fall in the prices of natural rubber (NR) since mid-January is the huge drop in world demand caused by the Covid-19 pandemic.
The world consumption of NR dropped by 15.7% during H1 2020 (Jan-Jun 2020) as per the ANRPC’s revised estimates. In China, the country accounting for 40% of the world demand, consumption fell by 20.1% during H1 2020.
However, the association noted that the worst is almost over as far as world consumption of NR is concerned, which is now set to enter positive territory, increasing 1.4% year-on-year during Q3 2020 (Jul-Sep). Consumption in China, in particular, is expected to increase by 0.8%, year-on-year during the same quarter.
The report says that even though the International Monetary Fund has further scaled back the global economic outlook for 2020, to -4.9% growth from -3.0% projected in April, the consumption sector of NR has almost returned to normal with the exception of a few countries. On the supply side, Covid-19 has removed nearly one million metric tons of potential supply of NR from the world market.
The ANRPC expects market sentiment to be triggered by other favorable economic developments including the impressive performance of China’s manufacturing sector in June, measured in terms of the Purchasing Managers’ Index (PMI) and the U-turn taken by China’s auto sales, which rose 14.5% in May after a 4.4% rise in April and 43.0% fall in March. Trends in crude oil market also remain favorable to NR.
The organization also cautioned that, while conditions have finally turned favorable for the NR market to gain strength and return to pre-pandemic levels, it is important to account for associated risks as well. These include the concern over the possibility of a second wave of Covid-19, delays in implementing effective stimulus policies by governments, and increasing geopolitical conflicts, which the ANRPC said can hinder the above favorable factors translating into positive market sentiment.
Global natural rubber output, demand could rise in 2020- ANRPC
MUMBAI (Reuters) – Global natural rubber output is likely to hit a record 14.285 million tonnes this year, up 3.8% from a year ago, boosted by an expansion in area under cultivation, the Association of Natural Rubber Producing Countries (ANRPC) said on Monday.
Demand for natural rubber is likely to rise 2.7% to 14.07 million tonnes in 2020, the grouping said in a statement.
Last year production eased 0.7% to 13.76 million tonnes, hit by an attack of fungal disease in key producer nations, while demand fell 1 % to 13.7 million tonnes on a slowdown in the auto industry worldwide, it added.
The TokyoCommodity Exchange (TOCOM) rubber contract for July delivery slumped nearly 6% to a one-week low on Monday, hit by worries about the fast-spreading virus in China, although bargain-hunting by some investors trimmed losses.
ANRPC Appoints RB Premadasa as Secretary-General
The Assembly of the Association of Natural Rubber Producing Countries (ANRPC) has appointed R B Premadasa, Director-General of the Rubber Development Department of Sri Lanka, as the Secretary-General of the organisation to succeed Dr. Nguyen Ngoc Bich of Viet Nam who is completing the term on 30 November 2019.
ANRPC appoints its Secretary-General by following a rotation among its member governments. The intergovernmental organization, established in 1970 and headquartered in Kuala Lumpur, has currently 13 member nations which contribute 90% of the global production and 65% of the global consumption of natural rubber.
Premadasa, who belongs to the Sri Lanka Administrative Service (SLAS), brings along with him to ANRPC his three-decades of leadership and managerial experience in framing rubber development policies, formulation of smallholder-oriented ten-year master plans for rubber sector, and their implementation.
Before becoming the Director-General of the Rubber Development Department in 2009 and continuously occupying the position for the past 10 years, he had held positions such as Director, Deputy Director (Development), Regional Director and Assistant Director of the same organization.
IRSG Photo Competition 2020
Aug 16, 2019
The International Rubber Study Group (IRSG) is organising a photo competition with the theme “Rubber is a Community” to tell a story or emphasise the concept of a communal life that involves rubber at its source, in its process or as a final product/s. The photograph scope needs to maintain the “human footprint” either as an image or by personification. The image produced on this theme must carefully reflect how rubber is the focal point of the environment within a community, said a press release from IRSG.
It can be an architectural, candid, chronology, fashion or landscape. The focal will tell a story on how rubber is a livelihood and/or enjoyment within the community, it further said.
COMPETITION DETAILS
Theme
“Rubber is a Community”
Emphasising the concept of a communal life that involves rubber at its source, in its process or as a final product/s.
Eligibility
Open to anyone aged 18 or over.
(Excluding IRSG’s employees, their relatives, the judging panel and anyone else associated with this competition)
Participants under the age of 18 must obtain parental consent.
Photo Requirements
(1) Photos must not exceed 1MB in size
(2) Photos must be submitted in JPEG format
(3) Each participant can submit up to 2 photos
(4) Photo title, caption/description in gefälschte uhren kaufen English
Photo Submission Closing Date
28 February 2020, 11:59 pm (Singapore time)
Prizes
Winner: S$500 (Cash prizes are in Singapore Dollars)
1st Runner-up: S$250 (Cash prizes are in Singapore Dollars)
2nd Runner-up: S$100 (Cash prizes are in Singapore Dollars)
Announcement of Winners
IRSG will notify the winner and runners-up by email and/or by letter within 5 working days of the announcement date.
ANRPC reports drop in world natural rubber production
According to the Association of Natural Rubber Producing Countries (ANRPC), world production of natural rubber (NR) has experienced a fall of 10.1%, amounting to 1.080 million metric tons in January 2019 on a year-to-year basis.
This may have resulted from the recent tropical storm reported in the southern part of Thailand, which is the major NR producing province in the country. In contrast, world demand for NR saw an increase of 1.3% to 1.151 million metric tons during the same reference period.
Article continues below Advertisement...
Favorable market fundamental sentiments and the price rally in the crude oil market have further supported the recovery in NR prices across physical and futures markets in January 2019. Futhermore, positive news reported over the trade talks progress between the USA and China and the determination from OPEC members over their production cuts have made commodities prices stay firmer over this period.
786,000 tonnes shortfall in global natural rubber supply: ANRPC
World consumption of natural rubber increased by 5.2%, year-on-year, to 8.158 million tonnes during the seven months ended July, 2018. During this period, the world production of NR rose 3.7%, year-over-year, to 7.372 million tonnes. These figures reveal a shortfall in production at 786,000 tonnes during the first seven months of 2018, says Association of Natural Rubber Producing Countries (ANRPC) in its latest Natural Rubber Trends and Statistics.
Rubber producing regions across countries have witnessed unusually severe monsoon, floods, and typhoon during July and August. Caused by unfavourable weather conditions and unattractive prices, the production fell 17.6% in Vietnam, 16.5% in Malaysia, 8.5% in India and 10.3% in Sri Lanka during the period from January to July 2018 compared to the same period in the previous year.
The negative growth in exports was attributed to the commitment from Thailand, Indonesia and Malaysia through the initiative for curtailing exports under International Tripartite Rubber Consortium (ITRC).
Most NR producing countries, except Vietnam and Cambodia, reported fall in NR exports during the period. Thailand reported the highest decline in NR exports by -18.1% to 1.73 millin tonnes exports, while Indonesia’s exports fell by -3.3% to 1.82 million tonnes and Malaysia’s exports declined by -3.2% to 677,000 tonnes.
NR imports
The ANRPC member-countries imported 4.343 million tonnes of NR during first seven months of 2018, up 8.4% from the same period a year ago. India reported the highest rise in NR imports by 51.3 % to 296,000 tonnes during the period.
NR imports by many other countries also went up during the period–Malaysia by 7.7% to 624,000 tonnes, China by 3.4% to 2.97 million tonnes and Vietnam by 36% to 331,000 tonnes.
NR exports
Total exports of NR from ANRPC members fell 7.9%, year-on-year, to 5.149 million tonnes during the first seven months of 2018.
ANRPC report: Improved fundamentals fail to lift rubber prices
Kuala Lumpur – Global demand for natural rubber (NR) grew 5% year-on-year to 6.96 million tonnes in the first half of 2018, according to the Association of Natural Rubber Producing Countries (ANRPC).
In the six months to end of June, supply of natural rubber rose 4.5%, to 6.214 million tonnes, leaving a shortfall in production of 746,000 tonnes, ANRPC’s latest figures show.
In its 30 July monthly update, the association also revised its full-year market outlook: production now anticipated to increase 5.2% to 14.040 million tonnes, and demand to rise 5.7% to 14.136 million tonnes.
As for NR prices in June, the ANRPC said the “favourable supply-demand fundamentals” in NR market was not reflected in the physical nor futures rubber markets.
The markets, it noted, were influenced by external factors such as the development in the crude oil industry and the trade tensions between US and China.
According to ANRPC, prices at the Shanghai Futures Exchange have been bearish, partly due to the sharp devaluation in Chinese yuan since April and a high level of rubber inventories.
ANRPC Releases Natural Rubber Trends & Statistics, May 2018
The Association of Natural Rubber Producing Countries (ANRPC) is happy to release the Natural Rubber Trends & Statistics, May 2018.
The world consumption of natural rubber increased by 6.2%, year-over-year, to 5.822 million tonnes during the period from January to May 2018. During the same period, the world supply rose 7.7%, year-over-year, to 5.252 million tonnes. These figures reveal that the production has fallen short of the consumption by 570,000 tonnes during the first five months of the current year. This has helped to partly absorb the excess availability in the market. During the year 2018, the world production is anticipated to increase by 6.1% to 14.150 million tonnes and the world consumption to increase 6.9% to 14.300 million tonnes. The emerging scenario suggests a balanced demand-supply situation during 2018.
Although the period from the end of April has witnessed a sharp rally in crude oil prices, itfailed to fuel a corresponding uptrend in natural rubber market. However, rubber prices performed marginally better during May 2018 as compared to April 2018. The marginal recovery was partly helped by the devaluation of Japanese yen which had a positive impact on the rubber futures at TOCOM.
The concerns over widening trade-war issues and the potential further revisions of policy interest rates by the US Federal Reserve keep sentiments down in most of the Asian commodities and natural rubber is no exception. More specifically, natural rubber market remains clouded by uncertainties largely due to factors external to the sector.
The analysis and data given in this publication could help to closely understand the prevailing situation in the market and the emerging scenario. ANRPC owes a debt of gratitude to its statistical correspondents in the member countries and the esteemed users of this publication.
Thank you.
Dr. Nguyen Ngoc Bich
Secretary-General, ANRPC
Natural Rubber supply deficit fails to rekindle market
KUALA LUMPUR—World demand for natural rubber exceeded supply in the first five months of 2018, but the situation only had a marginal effect on pricing, according to the latest monthly figures from the Association of Natural Rubber Producing Countries.
Global NR consumption increased 6.2 percent during the period to 5.82 million metric tons over the corresponding 2017 period, the ANRPC said. During the same period, world NR supply stood at 5.25 million tons, or an increase of 7.7 percent.
The 570,000-ton shortage has helped to "partly absorb" excess availability in the market, the association noted.
Throughout the remainder of 2018, the ANRPC expects a balanced demand-supply scenario—production is forecast to increase 6.1 percent to 14.2 million tons and consumption by 6.9 percent to 14.3 million tons.
Despite the supply deficit and a sharp rally in crude oil prices in late April, NR prices strengthened only slightly during April and May, the ANRPC said. This marginal recovery, it noted, was helped in part by the devaluation of Japanese yen, which had a positive impact on the rubber futures at TOCOM.
Sentiment in Asian commodity markets is, however, being weighed down by replique montre suisse concerns over trade-war issues and the potential further revisions of policy interest rates by the U.S. Federal Reserve.
ANRPC: China, India set to drive up Natural Rubber consumption
24 May 2018
Kula Lumpur – Growth in demand in India and China is set to rekindle global consumption of natural rubber, the Association of Natural
In the six months to end of June, supply of natural rubber rose 4.5%, to 6.214 million tonnes, leaving a shortfall in production of 746,000 tonnes, ANRPC’s latest figures show.