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WELCOME TO THE THAI RUBBER ASSOCIATION |

 
   主席观点
   Natural Rubber Situation in 2024
The global economy tends to slow down due to the effects of high inflation and interest rates. There are also strengthening of the US Dollar issues and geopolitical conflicts (Geopolitical Tension). For example, the war between Israel and Palestine may expand, and the Russian-Ukrainian war may intensify. Furthermore, the US-China economic polarization (Decoupling), in which the US and its allies reduce their reliance on trade with China and rely more on its group. Moreover, China's economy is slowing down due to structural problems. As a result, it may affect the global supply chain and Thai product exports. Besides, drought problems may be more severe than expected, resulting in a severe slowdown in agricultural production. The World Trade Organization (WTO) has estimated that the world real GDP growth rate will be 2.6% in 2023 and 2.5% in 2024. As for Thailand's economy in 2024, the export is expected to recover from the trend of global trade expansion and supply chain issues easing.

The rubber situation in 2024 is expected to slow down due to factors related to the global economy and the Chinese economy, which tend to grow at a slower rate, pressuring rubber prices to decline. The Association of Natural Rubber Producing Countries (ANRPC) projects the world's natural rubber production in 2023 at 15.15 million tons (up 3.5% from 2022), with Thailand being the world's largest NR producer, followed by Indonesia, Cote d'Ivoire, Vietnam, and India, respectively. As for the world's natural rubber demand, it is 15.44 million tons (down 0.5% from 2022), with China consuming the most natural rubber worldwide, followed by Thailand, India, EU-27& UK, and Indonesia, respectively. Thailand has faced the risk of more frequent and severe climate change. Furthermore, Thai entrepreneurs have faced the challenge of adapting to more strict climate change regulations around the world, including the Carbon Border Adjustment Mechanism (CBAM) and the EU Regulation on Deforestation-Free Products, which will come into effect in early 2025, covering 7 product groups: cocoa, coffee, soybeans, rubber, oil palm, cattle, and wood.

In conclusion, the Thai Rubber Association (TRA) strongly believes in long-lasting relationships and cooperations with the concerned sectors, i.e., government agencies, the private sector, rubber farmers, as well as the three largest natural rubber producers, namely Thailand, Indonesia, Malaysia, and other rubber-producing countries in ASEAN, to provide strategic direction and solutions to falling prices in the short-term and long-term and prepare to deal with various trade regulations for the sustainability of natural rubber.

On the occasion of the New Year 2024, I extend to you and your family our warmest greetings and wish you a happy New Year, great success in your career, happiness in your family, and perfect health and lasting prosperity.

Mr. Chaiyos Sincharoenkul
President
The Thai Rubber Association

主席观点   January  2024     

   活动

    icon 活动   
TRA Annual General Meeting 2024
icon 3  April  2024
The Thai Rubber Association held the TRA Annual General Meeting 2024 from 10.30 a.m.- 12.00 p.m. on 3 April 2024, at the Thai Rubber Association Office, Hatyai, Songkhla, and via Google Meet. ..
The 3rd TRA Committee Meeting 2024
icon 3  April  2024
The Thai Rubber Association held the 3rd TRA Committee Meeting 2024 from 9.30 a.m. to 10.30 a.m. on 3 April 2024, at the TRA Meeting Room, the Thai Rubber Association, Hatyai, Songkhla...
The 2nd TRA Committee Meeting 2024
icon 23  February  2024
The Thai Rubber Association held the 2nd TRA Committee Meeting 2024 at 9.30 a.m.- 11.00 a.m. on 23 February 2024, at the TRA Meeting Room, the Thai Rubber Association, Hatyai, Songkhla...
IRRDB International Rubber Conference: IRC 2024
icon 19  February  2024
The Rubber Authority of Thailand (RAOT), in collaboration with the International Rubber Research and Development Board (IRRDB), held the IRRDB International Rubber Conference: IRC 2024, titled Inspiring Natural Rubber Innovation to Secure a Sustainable Future, between 19-21 February 2024, at the Du..
The Workshop on the Implementation of Thai Rubber Products under the EU Deforestation-Free Products Regulation (EUDR)
icon 15  February  2024
The Rubber Authority of Thailand (RAOT) held a workshop on the implementation of Thai rubber products under the EU Deforestation-Free Products Regulation (EUDR) on February 15, 2024, at 1:30 p.m., at the Rubber Authority of Thailand Head Office, and via Zoom Meeting. In this regard, Mr.Korakod Kitt..
The 3rd TRA Committee Meeting 2024
icon 3  April  2024
The 2nd TRA Committee Meeting 2024
icon 23  February  2024
IRRDB International Rubber Conference: IRC 2024
icon 19  February  2024
The Workshop on the Implementation of Thai Rubber Products under the EU Deforestation-Free Products Regulation (EUDR)
icon 15  February  2024

   新闻

    icon 新闻
US SEC to vote on long-awaited climate disclosure rule, notice says   29  February  2024
Asian stocks firm before US inflation test; yen gains   29  February  2024
Centralised model to overcome rubber worker shortage, Parliament told   29  February  2024
Dr. Jill Villanueva Participates in IRRDB Training Fellowship and International Rubber Conference (IRC)   20  February  2024
US economy surprises with faster than expected growth   26  January  2024
Thai manufacturing sector shrinks for 5th month amid ASEAN slowdown   26  January  2024
Red Sea attacks already bigger issue for supply chain than pandemic, maritime advisory warns   18  January  2024
Germany skirts recession at the end of 2023 but faces prolonged slump   16  January  2024
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year   12  January  2024
Malaysia signs MOU with Singapore to formalise cooperation on Johor-Singapore Special Economic Zone   11  January  2024
   

 

 

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