The hottest Vietnamese rubber association has an o

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Vietnam Rubber Association: the global market is oversupplied

according to Vietnam's news on August 3, Vietnam Rubber Association said that because the global market supply is expected to exceed demand, Vietnam's rubber industry will usher in a difficult period in the next few years

the chairman of the association, tran Ngoc Thuan, said on the sidelines of the industry conference held in Ho Chi Minh City that Vietnam exported more than 1million tons of natural rubber last year, with an export volume of US $1.78 billion, a year-on-year decrease of 0.7% and a year-on-year decrease of 28.4%

Thuan said that in recent years, the global rubber demand has only increased slightly, but the supply has increased significantly, driving the price down. Organizations around the world predict that rubber prices will remain depressed in the next few years. In order to cope with this situation, manufacturers should reduce the extraction frequency of latex to reduce expenditure and increase productivity. In addition to trying to increase exports to existing markets, enterprises should look for new markets and improve product quality. At the same time, we should investigate the market and produce goods according to demand

thuan said that Vietnam's exports accounted for 80% of natural rubber production. We have suggested that the government and the Ministry of agriculture take measures to reduce the proportion to 50% by 2020. In addition, we also suggest the association's failure analysis: screw failure manufacturers and consumers to cooperate. In addition, we call on the government to take measures to support the rubber industry to overcome difficulties, including exempting the rent of rubber trees that have not yet produced rubber in previous years

Vietnam is the third largest rubber producer in the world, accounting for 8.1% of global output, with Thailand (34.1%) and Indonesia (26.9% of different experiments). In total, it is exported to 86 countries and regions, of which China is the largest market. According to the report of Vietnam Rubber Association, the export volume of rubber products increased by 35.3% to US $1.5 billion last year. However, the association said that the import value of rubber products was 656billion US dollars higher than the export value

rely on the upstream and downstream cooperation mechanism of new aluminum materials. Note: this reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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