In 2023, Thailand led global natural rubber production with a substantial share of 33.31%, followed by Indonesia at 23.9%, and Vietnam at 8.38%. Over the last year, Thailand and Indonesia experienced moderate growths of 1.88% and 0.87%, respectively. Vietnam saw significant growth at 3.15%, whereas Malaysia faced a decline of 2.29%. The Ivory Coast marked impressive gains of 4.89%, reflective of its emerging role in production. Long-term trends indicate that India, China, and Vietnam are steadily increasing their shares, with varied growth rates across the board. Despite these shifts, established leaders like Thailand and Indonesia continue to dominate the market.
Future trends to watch include the potential acceleration of production in emerging economies like the Ivory Coast, Myanmar, and Brazil, due to favorable growth rates and investments in sustainable farming practices. Meanwhile, any geopolitical or environmental shifts could impact the production capabilities in dominant countries, reshaping global market dynamics.
Top countries in Natural Rubber Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 33.31 | 2023 | +2.01% | +1.88% | View data |
| 2 | 2 Indonesia | 23.9 | 2023 | +1.67% | +0.87% | View data |
| 3 | 3 Vietnam | 8.38 | 2023 | +2.77% | +3.15% | View data |
| 4 | 4 India | 6.68 | 2023 | +1.33% | +1.41% | View data |
| 5 | 5 China | 5.61 | 2023 | +1.38% | +1.56% | View data |
| 6 | 6 Ivory Coast | 5 | 2023 | +4.3% | +4.89% | View data |
| 7 | 7 Malaysia | 3.39 | 2023 | -3.96% | -2.29% | View data |
| 8 | 8 Philippines | 2.83 | 2023 | +1.1% | +1.18% | View data |
| 9 | 9 Guatemala | 2.39 | 2023 | +1.73% | +1.42% | View data |
| 10 | 10 Myanmar | 1.98 | 2023 | +3.53% | +2.61% | View data |
