SUMMARY
 
In Q1-2024, Vietnam's rubber exports were positive in both output and export price. Export output increased by 8.5% over the same period and the highest ever (405 thousand tons). Output exported to most markets increased sharply, notably the Indian market. Except for the slowdown in export volume to China in March, the whole quarter's export output to this market decreased slightly.
 
Although the average export price in Q1 increased by 5.3% over the same period, this level increased by 11.6% Ytd and increased by over 20% compared to the low price area in August 2023.

Outlook: Vietnam's rubber exports in Q2-2024 are expected to continue to be positive, thanks to the following supporting factors: Global natural rubber supply may be affected by adverse weather conditions in Thailand, and increasing demand for rubber for global tire and tube production, especially in India.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION

B. RUBBER PRICE DEVELOPMENTS
 
C. WORLD RUBBER SUPPLY
 
D. RUBBER EXPORT
Overview of exports
Rubber export market
Structure of exported rubber types
Rubber import demand of China & Vietnam's rubber market share
Rubber import demand of South Korea & Vietnam's rubber market share

E. SALES OF TOP RUBBER EXPORTING ENTERPRISES 2M-2024
 
F. RUBBER IMPORT 
Import overview
Rubber import market