Malaysia rubber production increased by 4.7 per cent in October 2021
The Department of Statistics, Malaysia today released Monthly Rubber Statistics, Malaysia, October 2021. This publication consists of statistics on production, imports, exports, domestic consumption, stocks, prices, number of employees, salaries & wages and productivity of rubber estates.
Natural rubber production increased by 4.7 per cent in October 2021 (43,127 tonnes) as compared to September 2021 (41,180 tonnes). On the contrary, the production on an annual basis decreased by 13.6 per cent as against 49,943 tonnes in the same month in 2020. Production of natural rubber in October 2021 for Malaysia was mainly contributed by smallholders sector (90.5%) as compared to estates sector (9.5%).
Total stocks of natural rubber decreased 3.6 per cent in October 2021 to 281,723 tonnes as compared to 292,312 tonnes in September 2021. Rubber processors factory was contributing 92.0 per cent of the stocks followed by rubber consumers factory (7.9%) and rubber estates (0.1%).
Exports of Malaysia's natural rubber amounted to 62,167 tonnes in October 2021, decreased by 0.3 per cent as against September 2021 (62,332 tonnes). P.R. China continued to dominate as the highest importer of natural rubber with 56.8 per cent from total exports in October 2021 followed by Pakistan (3.2%), U.S.A (3.0%), Iran (2.7%) and Germany (2.1%). The exports performance was contributed by natural rubber-based product such as gloves, tyre, tube, rubber thread and condom. Gloves were the main exports of rubber-based products with a value of RM2.6 billion in October 2021, a decrease of 15.0 per cent as compared to September 2021 (RM3.1 billion).
Analysis of the average monthly price showed that Latex Concentrated recorded an increase of 4.8 per cent (October 2021: 521.20 sen per kg, September 2021:497.24 sen per kg) and Scrap 7.5 per cent (October 2021: 578.52 sen per kg, September 2021: 538.08 sen per kg). A similar trend is also observed for all Standard Malaysian Rubber (S.M.R) which increased between 4.7 to 6.7 per cent. S.M.R. 20 recorded the highest increase of 6.7 per cent (October 2021: 714.08 sen per kg, September 2021: 668.98 sen per kg). The movement of global prices as reported by World Bank Commodity Price Data also showed that the prices for TSR 20 (Technically Specified Rubber) and SGP/MYS (Singapore/Malaysia) type increased 6.5 per cent (from USD1.63/kg to USD1.73/kg) and 4.6 per cent (from USD1.79/kg to USD1.87/kg) respectively. In addition, according to Malaysian Rubber Board Digest released in October 2021, the uptrend price in reference month were supported by some positive global economic developments led to gains in regional rubber futures markets.
The performance of Malaysia's natural rubber production in the first ten months of 2021 recorded a decrease of 5.9 per cent as compared to the same period in 2020 (January-October 2021: 397,486 tonnes, January-October 2020: 422,324 tonnes).
The full publication of the Monthly Rubber Statistics, October 2021 can be downloaded through eStatistik Portal.
For more details, please refer to the Department’s portal: www.dosm.gov.my
Data for October 2021 is provisional. The data will be updated based on the latest available figures and subsequently published in the November 2021 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
15 December 2021
Mohd Yusrizal bin Ab. Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my