Production of Natural Rubber Dwindles in April 2022: DoSM

In a released statement by Department of Statistics Malaysia (DoSM), the natural rubber (NR) production eased by 2.2% year-on-year (YoY) from 23,013 tonnes in April 2021.

While on a month-on-month basis, Malaysia’s natural rubber (NR) production decreased by 20% to 22,498 tonnes in April 2022 compared with 28,106 tonnes in March.

“The production of the commodity in April 2022 was mainly contributed by the smallholders sector (88.1 per cent) compared with the estates sector (11.9 per cent),” Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said.

Meanwhile, total stocks of NR in April 2022 slipped by 4.1 per cent to 297,673 tonnes against 310,433 tonnes in March 2022, he said.

“Rubber processors factory contributed 92.5 per cent of the stocks, followed by rubber consumers factory (7.4 per cent), and rubber estates (0.1 per cent),” he said.

“Exports of Malaysia’s NR amounted to 58,755 tonnes in April 2022, an increase of 10.2 per cent against 53,328 tonnes in March 2022,” the chief statistician commented on the export.

“China remained the main destination for NR exports, accounting for 39.7 per cent of total exports in April 2022, followed by the United States (11.3 per cent), Finland (4.5 per cent), Egypt (3.2 per cent), and Iran (2.5 per cent),” he added.

The exports performance was contributed by NR-based products such as gloves, tyres, tubes, rubber thread, and condoms.

He said that gloves were the main exports of rubber-based products with a value of RM2.2 billion in April 2022, up 8.6 per cent from RM2 billion recorded in March 2022.

The gloomy sentiments that hit the rubber market were contributed by losses in the regional rubber future markets amid slowdown fears in China’s stringent COVID-19 lockdowns, persistent Russia-Ukraine conflict, ongoing global chip shortage, and inflationary pressure as elaborated in the Malaysian Rubber Board Digest published in April 2022. 

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