Further reduce natural rubber exports in 2012
1. Review
The International OECD (OECD) has lowered its global economic growth is expected, and warnings are suffering from the Depression to combat the euro zone debt crisis is the biggest threat of the global economic recovery growth.
Despite the global economic growth is expected to come down, but China and India is expected that the economic growth rate of 7.5% and 4.5% respectively in 2012. In 2012, China’s natural rubber consumption and import growth of 6.4% and 15.1%, respectively. At the same time, India’s natural rubber imports surge 40%, robust consumption growth is maintained at 4.5%.
2. Yield: slowdown in 2012.
In November, a total of three member states to adjust to the natural rubber output in 2012: Cambodia, India and the Philippines, respectively, from last month’s 67,500 tons, 920,000 tons and 113,900 tons to adjust to 67,300 tons, 913,000 tons and 113,000 tons.
3. Export: to fall further.
November, adjusted for 2012 as a whole of the national rubber export data from last month’s 3.5 million tons down to 2.7 million tons;
Cambodia and the Philippines also lowered its full-year export data, respectively, down from 68,700 tons, 51,300 tons to 67,400 tons, 49,700 tons.
Sri Lanka, on the other hand, raised its full-year export data, 49,900 tons from 48,500 tons to the.
4. Imports: an increase of 15% in 2012.
November monthly report, ANRPC further raised the Member States in 2012, overall import growth last month, 11.9% of the expected value of the report, is raised to 15%. The absolute number of the corresponding values are: revised up to 4.452 million tons from 4.326 million tons. The import data upward adjustment in the member states: China, India and Malaysia.
As the largest consumer of natural rubber, China raised the year 2012 natural rubber import data last month Monthly Digest of 3.184 million tons to 3.279 million tons. Month, monthly, India last month raised its import data: 10500-223900 tons.
In addition, Malaysia also last month monthly reports raised to 740,000 tons to 763,000 tons.
Source: CRIA
