Natural rubber production set for 9% drop, recovery in sight for 2021

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– Global production of () is set to fall 9% to just under 12.6 million tonnes in 2020, according to the latest figures published by the Association of Producing Countries (ANRPC).

The revised outlook, published 14 Dec, is 2.2% or 304,000 tonnes lower than ANRPC’s projections published in , reflecting the impact of “climatic change, extreme weather, and leaf diseases” on in major producing countries.

In 2021, said the ANRPC update, production is anticipated to recover by 8.6% to 13.678 million tonnes, but will remain lower than the 2019 level of 13.842 million tonnes.

As for NR consumption, the association expects global to fall 6.9% to 12.8 million tonnes in 2021, reflecting an 8.6% year-over-year decline in the first 10 months of the year and a 1.2% increase during November and December.

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The revised outlook is 200,000 tonnes or 1.5% higher than ANRPC’s September projections, driven by the “higher-than-previously-expected” performance in and India.

For the year 2021, demand is set to recover by 4.9% rate to 13.436 million tonnes, still remaining below the 2019 consumption level of 13.768 million tonnes, according to ANRPC.

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