Pure rubber manufacturing down 39% mother, exports 6.8% decrease in Feb

KUALA LUMPUR: Malaysia’s pure rubber (NR) manufacturing decreased by 39 per cent month-on-month (mother) to 29,920 tonnes in February 2022 in opposition to 49,087 tonnes in January 2022, stated the Division of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin stated year-on-year (yoy), consumption additionally confirmed that decreased the manufacturing of NR by 40 per cent from February 2021 of 49,840 tonnes.

“Manufacturing of NR in February 2022 for Malaysia was primarily contributed by smallholders sector (88.4 per cent) in comparison with estates sector (11.6 per cent),” he stated in an announcement right now.

Mohd Uzir stated the decline in NR manufacturing was consistent with The Affiliation of Pure Rubber Producing International locations (ANRPC) January-February month-to-month report, which acknowledged that regardless of the constructive sentiment within the NR market, there have been additionally a variety of challenges that will hinder its development.

When it comes to provide, it was closely influenced by antagonistic local weather, manpower shortages in pure rubber-producing international locations amid the elevated proliferation in COVID-19 variants and Omicron circumstances all over the world and a tapping off season that will exacerbate uncooked materials provide congestion within the month forward.

Complete shares of pure rubber elevated 2.8 per cent in February 2022 to 318,699 tonnes as in comparison with 310,002 tonnes in January 2022.

Rubber processors manufacturing facility was contributing 93.5 per cent of the ultimate shares adopted by rubber shoppers manufacturing facility (6.4 per cent) and rubber property (0.1 per cent).

Exports of Malaysia’s NR amounted to 47,682 tonnes in February 2022, a lower of 6.8 per cent as in opposition to January 2022 (51,160 tonnes).

China continued to dominate as the very best importer of pure rubber with 50.8 per cent of whole exports in February 2022 adopted by america (5.1 per cent), Germany (3.5 per cent), Turkey (3.4 per cent) and Brazil (2.1 per cent) cent).

“The export efficiency was contributed by pure rubber-based merchandise resembling gloves, tyre, tube, rubber thread and condom.

Gloves had been the primary exports of rubber-based merchandise with a price of RM1.9 billion in February 2022, a lower of 13.5 per cent in contrast with January 2022 of RM2.2 billion,” he stated.

In line with DoSM, an evaluation of the typical month-to-month worth confirmed that latex focus recorded a rise of 15 per cent to 658.14 sen per kilogramme (kg) in February 2022 versus 572.08 sen per kg in January 2022.

In the meantime, scrap was 0.6 per cent greater at 606.41 sen per kg in February 2022 in opposition to 603.05 sen per kg in January 2022.

Related pattern was additionally noticed for all Normal Malaysian Rubber (SMR) which elevated between 0.9 and 14.9 per cent.

Citing the World Financial institution Commodity Value Knowledge report, DoSM stated the Technically Specified Rubber (TSR 20) worth elevated by 0.6 per cent from US$1.78 per kg to US$1.79 per kg (US$1=RM4.23) per kg mother, whereas the Singapore /Malaysia kind elevated 7.0 per cent from US$1.97 per kg to US$2.11 per kg.

On the Russia-Ukraine warfare, Mohd Uzir stated costs of rubber within the worldwide market can be affected as Russia is a significant exporter of artificial rubber, primarily polybutadiene rubber (PBR) and isoprene rubber (IR). One in every of its principal finish makes use of is the manufacturing of tires.

In 2020, Russia exported US$1.34 billion in artificial rubber, making it the sixth largest exporter of artificial rubber on the earth. – Bernama


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