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Natural rubber is widely used and has become one of the four major industrial raw materials along with oil, iron ore and non-ferrous metals. According to the analysis of CRI, thanks to the hot and humid climate and traditional industrial base of Southeast Asia, Southeast Asia has been the main production area of natural rubber in the world. Thailand, Indonesia, Malaysia and Vietnam are the world's leading natural rubber producers, among which, Thailand is the world's largest natural rubber producer, with production accounting for about one-third of global output. Myanmar, Cambodia, Laos and the Philippines also have a certain scale of natural rubber cultivation.
With the economic development in Southeast Asia, the demand for natural rubber from various industries has grown, promoting the development of natural rubber industry in Southeast Asia.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to CRI's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels of each country also vary greatly. Brunei, which has the smallest population, will have a total population of less than 500,000 people in 2021, while Indonesia, which has the largest population, will have a population of about 275 million people in 2021.
CRI expects the natural rubber industry in Southeast Asia to maintain growth from 2023-2032. On the one hand, the demand for natural rubber in the economic development of Southeast Asia is gradually rising, and on the other hand, with the continuous development of global automotive tires and industries, the increase in demand for natural rubber will also drive the expansion of Southeast Asia's natural rubber industry to meet export demand.
Topics covered:
- Southeast Asia Natural Rubber Industry Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on Southeast Asia Natural Rubber Industry?
- Which Companies are the Major Players in Southeast Asia Natural Rubber Industry Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in Southeast Asia Natural Rubber Industry
- What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Natural Rubber Industry during 2023-2032?
- What is the Expected Revenue of Southeast Asia Natural Rubber Industry during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in Southeast Asia Natural Rubber Industry Market?
- Which Segment of Southeast Asia Natural Rubber Industry is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing Southeast Asia Natural Rubber Industry?