Rubber Industry In Thailand

Thai rubber prices hit near 3 year high.

Rubber industry in thailand.

Thai sin rubber industry co ltd. Rubber industry in thailand is the world s largest in terms of natural rubber production and export thailand produced 4 5 million tons of natural rubber in 2016 with the global share of 36 3. Business recorder 9 9 2020 12 00 00 am bangkok. Thailand ranks as the world s largest rubber producer and exporter producing around 4 3 to 5 million tonnes per year it consumes only 519 000 tons per year.

Thailand s benchmark rubber prices rallied and nearly reached a three year high this month as global demand rose and china s economy recovered a thai official said on tuesday. Before is entitled in the name of thai sin rubber industry ltd part. Shun thai rubber gloves industry public company limited. It provides about 40 percent of the world s natural rubber mostly used in aircraft and automobile tires.

Rubber industry in thailand is of economic and social importance because of its production value the revenues from export and the employment in this sector. Rubber processing products are ranked the fourth largest export value of thailand. Since 2003 thailand. Factory 9 moo 4 kached muang rayong 21100 thailand.

The rubber tire industry is still on the rise. Approximately 60 percent of the worldwide consumption of rubber is attributable to the global tire manufacturing industry while the remaining rubber consumption is used. Growth in the thai rubber market is being driven by the country s strong and established manufacturing base. Thailand s natural rubber industry is likely to remain depressed this year despite a sharp rise in demand for protective rubber gloves driven by the covid 19 pandemic.

Although thailand natural rubber is facing with the shrink in its overall export value thai rubber processing products seem to have positive growth. Every year thailand produces over 4 5 million tones of natural rubber. Rubber industry in thailand continues to grow the production and consumption of natural rubber in thailand has continued to demonstrate consistent growth over the past few years at an annual growth rate of 5 81 and 5 39 respectively.