Pure rubber manufacturing down 39%

KUALA LUMPUR: Malaysia’s pure rubber (NR) manufacturing decreased by 39% month-on-month (mother) to 29,920 tonnes in February 2022 towards 49,087 tonnes in January 2022, says the Statistics Division.

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

“The manufacturing of NR in February for Malaysia was primarily contributed by the smallholders sector (88.4%) and the property sector (11.6%),” he mentioned in a press release yesterday.

Mohd Uzir mentioned the decline in NR manufacturing was consistent with The Affiliation of Pure Rubber Producing international locations January-February month-to-month report, which said that regardless of the optimistic sentiment within the NR market, there have been additionally quite a few challenges that will hinder its development.

By way of provide, it was closely influenced by hostile local weather, manpower shortages in pure rubber-producing international locations amid the elevated proliferation in Covid-19 variants and Omicron instances around the globe and a tapping off season that will exacerbate uncooked materials provide congestion within the month forward, Bernama reported.

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

Rubber processors manufacturing unit was contributing 93.5% of the ultimate shares adopted by rubber customers manufacturing unit (6.4%) and rubber belongings (0.1%).

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

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

“The export efficiency was contributed by pure rubber-based merchandise resembling gloves, tyres, tubes, rubber threads and condoms.

Gloves had been the primary exports of rubber-based merchandise with a worth of RM1.9bil in February 2022, a lower of 13.5% in contrast with January 2022 of RM2.2bil,” he mentioned.

In keeping with the Statistics Division, an evaluation of the typical month-to-month value confirmed that latex focus recorded a rise of 15% to 658.14 sen per kg in February 2022 versus 572.08 sen per kg in January 2022.

In the meantime, scrap was 0.6% increased at 606.41 sen per kg in February 2022 towards 603.05 sen per kg in January 2022.

Related development was additionally noticed for all Customary Malaysian Rubber which elevated between 0.9% and 14.9%.

Citing the World Financial institution Commodity Value Knowledge report, the Statistics Division mentioned the Technically Specified Rubber value elevated by 0.6% from US$1.78 (RM7.53) per kg to US$1.79 (RM7.57) per kg mother, whereas the Singapore and Malaysia kind elevated 7.0% from US$1.97 (RM8.33) per kg to US$2.11 (RM8.92) per kg.

On the Russia-Ukraine warfare, Mohd Uzir mentioned costs of rubber within the worldwide market could be affected as Russia is a serious exporter of artificial rubber, primarily polybutadiene rubber and isoprene rubber.

Certainly one of its primary finish makes use of is the manufacturing of tires.

In 2020, Russia exported US$1.34bil (RM5.67bil) in artificial rubber, making it the sixth largest exporter of artificial rubber on the planet.


Source link

Leave a Comment