Production of natural rubber decreased 14.8 per cent in November 2020 to 42,554 tonnes as compared to 49,943 tonnes in the previous month. Meanwhile, year on year also showed a decreased in production with 19.7 per cent.
Exports of Malaysia's natural rubber amounted 56,522 tonnes in November 2020, an increase of 3.7 per cent against 54,492 tonnes in October 2020. P.R. China remains as the main destination for natural rubber exports with 57.8 per cent of total exports in November 2020 followed by Germany (9.1%), Iran (5.1%), Finland (3.4%) and Turkey (3.4%).
Rubber gloves was the main export item with export value RM4.4 billion in October 2020, an increase of 0.9 per cent to RM4.5 billion in November 2020. United States of America, Germany and P.R. China were among the highest importer of rubber gloves.
The stocks of natural rubber increased in November 2020 with 259,440 tonnes as compared to 258,052 tonnes in October 2020 with an increase of 0.5 per cent.
Average price of Latex Concentrate recorded an increase of 620.76 sen per kilogramme as compared to October 2020 (576.14 sen per kilogramme). Standard Malaysian Rubber 20 (S.M.R. 20) also increased to 632.74 sen per kilogramme as compared to 621.76 sen per kilogramme for the same period.
Total domestic consumption for natural rubber was 44,236 tonnes, a decrease of 8.4 per cent as compared to the previous month. Rubber gloves industry continues to dominate the use of natural rubber with 33,110 tonnes or 74.8 per cent from the total domestic consumption.
Released By:
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
Source DOSM