Rubber industry expects export recovery this year
Rubber exports are expected to reach 1.2-1.25 million tonnes of this year, a year-on-year increase of 5.5-10 per cent, according to the Việt Nam Rubber Association. Speaking at a press conference to introduce the fifth International Exhibition on Rubber Industry and Tyre Manufacturing in HCM City on December 20, Võ Hoàng An, VRA’s deputy chairman and general secretary, said the country had exported 1.12 million tonnes of raw rubber worth US$1.45 billion in the first 11 months. The global market faces severe difficulties caused by a relentless decline in prices in recent years as supply outstrips demand, he said. Việt Nam ranks third globally in output and fourth in exports, he said. Production is expected to top 1.04 million tonnes this year.
