Qinrex according to the Malaysian Bureau of statistics on May 13, the export volume of natural rubber in March 2024 increased by 28.8% year-on-year to 58,965 tons, an increase of 7% month on month. Among them, 48.9% were exported to China, followed by 9.3% from Germany, 9.2% from the United Arab Emirates, 6.9% from India, and 4.5% from Pakistan.

In March, Malaysia's natural rubber import volume was 94,493 tons, down 3.4% year-on-year and 29.7% month on month. Standard rubber, concentrated latex and natural rubber of other shapes are the main import categories, and their main import source countries are Thailand, C ô te d'Ivoire, the Philippines, Myanmar, etc.

The total output of natural rubber monitored in March was 26,966 tons, down 0.8% year-on-year and 9.2% month on month. The output of small plantations accounted for 88.5%, and the output of state-owned plantations accounted for 11.5%.

Malaysia's natural rubber inventory in March was 222,455 tons, down 3.3% month on month and up 9.2% year on year. Among them, 92.4% of the inventory was concentrated in the hands of rubber processors, 7.5% in the downstream terminal inventory, and 0.1% in the main inventory of large plantations.

In March, the total consumption of natural rubber in China fell by 9.8% year-on-year to 24,347 tons, an increase of 0.4% month on month. Latex gloves industry is still the main force of natural rubber consumption in Malaysia, accounting for 59%, tires and rubber hoses accounted for 10.3%, rubber threads accounted for 12.1%, and other industries accounted for 18.6%.

According to the data of the first quarter of 2024, compared with 93,956 tons in the fourth quarter of 2023, the production of natural rubber decreased by 7.5% to 86,944 tons. This is an increase of 3.7% from 83,848 tons in the first quarter of 2023.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.