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   Rubber Scenario in 2020
In 2020, the global economy tends to grow more positively as compared to 2019. International Monetary Fund (IMF) has projected the global economic growth rate as 3.4% in 2020. Meanwhile, Thai Government has rolled out the economic stimulus measures to establish economic strengths both in domestic and foreign countries. One of the most important measures is the investment in the Eastern Economic Corridor (EEC), which needs clarity as well as a continuation to generate more trade and investment opportunities. Furthermore, the prolonged US-China trade war is still the risk factor that must be focused as it can affect Thailand’s export to the US and China. However, entrepreneurs need to follow the news as well as quickly adapt to different and unexpected situations.
Natural rubber outlook 2020 is forecast to slow down in line with global economic growth as the economic factors above coupled with the natural rubber output and demand for natural rubber factors. For example, the fungal disease problem, spreading through many rubber plantations, especially Indonesia rubber plantations affected as 380,800 hectares. Meanwhile, Thailand and Malaysia were also affected as 52,000 and 5,000 hectares, respectively. For severely affected rubber plantations, the yield decreases as 70-90%. Meanwhile, the yield decreases as 30-50% for middle affected plantations. The International Tripartite Rubber Council (ITRC) expects that in 2020, rubber yield will decrease more than 800,000 tonnes. According to the Economist Intelligence Unit (EIU), growth in global natural rubber production is projected to slow to an annual average of 1% year on year in 2020-2021 as high stocks and weak prices discourage supply. Similarly, growth in global consumption of natural rubber is forecast to slow to an annual average of just 2.6% in 2020-2021, down from an estimated growth of 4.5% in 2018 because of the declining automobile demand and the volatile crude oil prices.
The Thai Rubber Association has a positive attitude towards the rubber market outlook since natural rubber contributes to economic growth. Besides, the International Tripartite Rubber Council (ITRC) and Thai government have strong collaborations that aim to establish sustainable natural rubber. To reach the goal, rubber prices should encourage smallholdings as well as build confidence for the rubber users. The measures of ITRC comprise the following: 1) Supply Management Scheme (SMS); 2) Agreed Export Tonnage Scheme (AETS); 3) Demand Promotion Scheme (DPSC). Furthermore, Thai government has the promotion of cultivating other economic crops in rubber plantations and the promotion of domestic natural rubber consumption. In addition, Thai government also promotes and supports research coupled with rubber-based product development to add product values.
In conclusion, the Thai Rubber Association strongly believes in the long-lasting relationship and corporation with the stakeholders, i.e. government agencies, private sector, smallholdings as well as the three largest NR producers: Thailand, Indonesia, Malaysia, and other rubber producing countries in the ASEAN to provide strategic direction and measures to falling prices in short term and long term and ultimately to stabilize the rubber prices.
On the occasion of the New Year 2020, I extend to you and your family our warmest greetings, wishing you a happy New Year, your career greater success, your family happiness, and your perfect health and lasting prosperity.

Mr.Chaiyos Sincharoenkul
The Thai Rubber Association
主席观点   December  2019     


    icon 活动   
11th TRA Executive Committee Meeting 2019
icon 23  December  2019
The Thai Rubber Association held its the 11th TRA Executive Committee Meeting 2019 at 9.30 a.m. on December 23, 2019 at TRA Meeting Room, the Thai Rubber Association, Hatyai, Songkhla...
Thank You Party 2019
icon 18  December  2019
Bank of Thailand Southern office held "Thank You Party 2019" on Wednesday 18 December 2019 at the Grand Convention Hall, 8th floor, Lee Gardens Plaza Hotel, Hat Yai District, Songkhla Province. In this regard, Ms. Piyaporn SaeLim, TRA Manager, and Mr. Phudit Junthawadee, TRA staff attended...
The 2nd International Conference on Materials Research and Innovation: ICMARI
icon 16  December  2019
Thailand Science Research and Innovation (TSRI), National Research Council of Thailand (NRCT)together with Specialized center of Rubber and Polymer Materials in agriculture and industry: RPMscheduled for an International Conference: The 2nd International Conference on Materials Research and Innovati..
VRA Annual Dinner 2019
icon 6  December  2019
The Vietnam Rubber Association (VRA) hosted VRA Annual Dinner 2019 on Friday 6, December at 7.00 pm.-10.30 pm. at Champa Island Nha Trang – Resort Hotel, Vietnam. In this regards, Mr.Chaiyos Sincharoenkul TRA President attended VRA Annual Dinner 2019...
33rd Meeting of the International Tripartite Rubber Council (ITRC) and Related Committee Meetings
icon 4  December  2019
Mr. Supadetch Ongsakul  TRA Deputy Secretary General attended 33rd Meeting of the International Tripartite Rubber Council (ITRC) and Related Committee Meetings on 4-5 December 2019 at Jakarta, Indonesia. ..
Thank You Party 2019
icon 18  December  2019
The 2nd International Conference on Materials Research and Innovation: ICMARI
icon 16  December  2019
VRA Annual Dinner 2019
icon 6  December  2019
33rd Meeting of the International Tripartite Rubber Council (ITRC) and Related Committee Meetings
icon 4  December  2019


    icon 新闻
Manufacturers to spend $26.2 billion on ‘upskilling’ in 2020 to attract and keep workers  new 21  January  2020
US producer prices barely rise as services remain subdued  new 21  January  2020
Asia shares lurch lower, China flu risks mount  new 21  January  2020
Ivory Coast's rubber output jumps 25% in 2019  new 21  January  2020
Malaysia's natural rubber output up 9.3% in November 2019  new 21  January  2020
More measures to support economy  new 21  January  2020
Special Report: The future of agriculture is in technology and innovation  new 21  January  2020
2% higher fuel consumption projected  new 21  January  2020
Ministry extends income tax filing deadline to June  new 21  January  2020
BoT relaxes LTV rule for mortgages  new 21  January  2020



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