Malaysia rubber production decreased by 26.8 per cent in November 2021
The Department of Statistics, Malaysia today released Monthly Rubber Statistics, Malaysia, November 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 decreased by 26.8 per cent in November 2021 (31,577 tonnes) as compared to October 2021 (43,127 tonnes). Year-on-year comparison also showed that the production declined by 25.8 percent (November 2020: 42,554 tonnes). The decline in production was due to supply disruptions at the supply level because of weather uncertainties as well as high rainfall distribution factors. Production of natural rubber in November 2021 for Malaysia was mainly contributed by smallholders sector (89.8%) as compared to estates sector (10.2%).
Total stocks of natural rubber decreased 4.2 per cent in November 2021 to 269,757 tonnes as compared to 281,718 tonnes in October 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 60,942 tonnes in November 2021, decreased by 2.0 per cent as against October 2021 (62,167 tonnes). P.R. China continued to dominate as the highest importer of natural rubber with 44.6 per cent from total exports in November 2021 followed by U.S.A (11.4%), Germany (5.1%), Iran (4.0%) and Finland (3.7%). 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 RM2.5 billion in November 2021, a decrease of 4.9 per cent as compared to October 2021 (RM2.6 billion).
Analysis of the average monthly price showed that Latex Concentrated recorded an increase of 6.2 per cent (November 2021: 553.64 sen per kg, October 2021:
521.20 sen per kg) and Scrap 1.3 per cent (November 2021: 586.10 sen per kg, October 2021: 578.52 sen per kg). A similar trend is also observed for all Standard Malaysian Rubber (S.M.R) which increased between 1.1 to 6.1 per cent. 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 0.8 per cent (from USD1.73/kg to USD1.74/kg) and 3.2 per cent (from USD1.87/kg to USD1.93/kg) respectively. Malaysian Rubber Board reported although the rubber market exhibited an uptrend, there is some hiccups in the market bolstered by declines in natural rubber production and positive developments surrounding the global economy especially U.S. and China relations progress.
The performance of Malaysia's natural rubber production in the first eleven months of 2021 fell 7.7 per cent as compared to the same period in 2020 (January-November 2021: 429,062 tonnes, January-November 2020: 464,878 tonnes).
The full publication of the Monthly Rubber Statistics, November 2021 can be downloaded through eStatistik Portal.
For more details, please refer to the Department’s portal: www.dosm.gov.my
Data for November 2021 is provisional. The data will be updated based on the latest available figures and subsequently published in the December 2021 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
14 January 2022
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