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Jakarta Post

Analysis: Natural rubber demand in danger

  • Andrian Bagus Santoso

    Industry Analyst at Bank Mandiri

Industry Analyst at Bank Mandiri   /   Wed, July 8 2020   /  01:00 am
A worker collect rubber latex from a plantation in Batam.(Antara/Aditiya Pradana Putra)

COVID-19 is not only a threat to human health but also to the economy, including the natural rubber sector. Global natural rubber import quantity in the period from January to April was recorded at 2 million tons, or declining by 19.7 percent year-on-year (yoy). Natural rubber import quantity from China, as the biggest consumer, weakened by 4.9 percent yoy in the same period. Similarly, natural rubber import quantity from the United States and Japan also dropped 9.2 percent yoy and 13 percent yoy, respectively. From the producer side, all top four natural rubber producers experienced declining performance. Natural rubber export quantity from Thailand, Malaysia and Vietnam decreased 11.3 percent yoy, 8.3 percent yoy and 54.4 percent yoy respectively from January to April. Similarly, Indonesia’s natural rubber export quantity declined 13.6 percent yoy to only 0.9 million tons in t...