Key Market Indicators
Thailand's natural rubber exports are expected to reach $4.2 billion by 2026, down 1.6% from 2021's figure of $4.6 billion. Since 1994, the supply of Thai rubber has increased by an average of 0.8% a year. Indonesia, Ivory Coast and Malaysia were the second, third and fourth largest exporters respectively. Thailand's natural rubber imports are forecast to drop to $244.6 million by 2026, 32.2% lower than 2021's figure of $1.99 billion. Since 1993, demand for Thai rubber has decreased by 15.8% a year on average. In 2021, Bulgaria was the largest importer, followed by the United States, Malaysia and Japan.
Thailand Natural Rubber Market Data and Forecasts
How much will Thailand Natural Rubber Market grow to 2026?
More in Natural Rubber Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Natural Rubber Sector: Astute Evaluation of Trends, Opportunities, and Market Dynamics
In the global industrial commodities landscape, the natural rubber sector maintains a substantial position, driven primarily by its use in the automobile industry. Environmental factors, price volatility and shifts in producer-consumer dynamics remain critical influencers. Despite market disruptions, notably China's economic slowdown and trade tensions, the sector shows resilience.
Discover more insights -
Chemical Industry: Unraveling the Dynamic Nitrile Butadiene Rubber (NBR) Market Landscape
The nitrile butadiene rubber (NBR) market forms a critical part of the larger chemical industry. Manufactured from acrylonitrile and butadiene, NBR is a type of synthetic rubber widely known for its excellent resistance to oils, fuels, and other chemicals. It holds an indispensable role across multiple sectors including the automotive,...
Discover more insights -
Natural Rubber: Spotting Unseen Opportunities across Report Variations
The global market is witnessing an upswing in the demand for natural rubber, attributed significantly to the rise in the automobile industry and the industrial sector. This key material ensures superior quality and performance in a wide range of applications. However, market fluctuations due to unpredictable weather conditions and governmental...
Discover more insights