Source: baochinhphu.vn
Specifically, according to statistics of the General Department of Vietnam Customs, in September 2022, Vietnam exported 193,410 tons of rubber, worth 279.39 million USD, down 11.8% in volume and 15.0% in volume. 9% in value compared to August 2022; compared to September 2021, increased by 6.9% in volume, but decreased by 6.7% in value.
Accumulated in the first 9 months of 2022, rubber exports reached 1.39 million tons, worth 2.29 billion USD, up 8.4% in volume and 6.6 in value over the same period in 2021.
In September 2022, China is still Vietnam’s largest rubber consumption market, accounting for 77.3% of the country’s total rubber exports, with 149,430 tons, worth $207.98 million, down 8.6% in volume and 13.7% in value compared to August 2022; compared to September 2021, an increase of 21.5% in volume and 4.4% in value.
The average price of rubber exported to China was at $1,392/ton, down 5.6% compared to August 2022 and 14.1% lower than September 2021. In the first nine months of 2022, Vietnam exported 989.59 thousand tons of rubber to China, worth $1.56 billion, up 9.7% in volume and 7.5% in value over the same period. period 2021.
In addition, rubber exports to some key markets such as Russia, Turkey, Brazil, Malaysia… continued to grow well in both volume and value compared to September 2021. However, exports to a number of markets such as India, Korea, the United States, Germany… decreased compared to the same period in 2021.
The Ministry of Industry and Trade said that from the beginning of October 2022 until now, rubber prices at Asian exchanges increased slightly again due to the increase in oil prices, but trading was still weak due to the prolonged holiday in China. It is forecasted that rubber prices may remain low in the near future.
According to the latest report of the Association of Natural Rubber Producing Countries (ANRPC), in August and September 2022, the total global production of natural rubber reached about 2.693 million tons, an increase of 71,000 tons over the same period. period in 2021. Meanwhile, global demand increased to 2.456 million tons, up 85,000 tons over the same period in 2021.
According to the Ministry of Industry and Trade, in addition to factors such as falling crude oil prices and weakening global economic outlook, the excess supply during this period has contributed to fluctuations in rubber prices in the world market. .
