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Thailand rubber production & export declined in H1' 2020

Recently, Thailand Customs released its rubber production and export data.

Statistics showed that there were 2,250,000 tons of natural rubber in the first half year of 2020, yearly decreasing 1.8%.

Amongst, ribbed smoked sheet(short in RSS) yearly deceased 12.7%, and standard rubber year-on-year increased 5%. Meanwhile, rubber production also decreased 1.4% at the same time, and compounded rubber yearly down by 7.3%.

During the first seven months, the country exported 2,529,500 tons of natural rubber, year-on-year decreasing 4.62%. In July, the country exported 306,900 tons of natural rubber, monthly decreasing 24,200 tons and yearly sliding 8.49%.

Amongst, there  were 140,600 tons of compounded rubber exported, monthly jumping 17.86%, but yearly surging 190.3%. And dry rubber and natural rubber export respectively increased 2.8% and 6.37%

On the side of natural rubber sales, there were 318,000 tons of natural rubber in the first half year, yearly climbing up 4.1%. Amongst, sales of ribbed smoke sheet surged 77%, and of standard rubber increased 35%, but rubber and compounded rubber respectively declining 44% and 84%.

In second quarter of 2020, natural rubber inventory in Thailand continued deceasing. By the end of June, the inventory has declined to 385,000 tons, yearly down by 17% and monthly down by 27%.