How much is the Thailand rubber industry worth in 2020?

The Thailand rubber industry is estimated to be worth about USD 5.2 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of around 6.9% over the forecast period. The industry includes both natural and synthetic rubbers, with the latter accounting for almost 75% of the total revenue generated by the sector in 2019.

Why is Thailand a leading supplier of rubber?

These two elements built up Thailand’s comparative advantage in rubber cultivation which resulted in the accelerated growth of the country’s rubber industry. As of today, Thailand is the world’s leading supplier of rubber, exporting substantial levels of natural rubber throughout the years.

Which country exports the most natural rubber in the world?

As of today, Thailand is the world’s leading supplier of rubber, exporting substantial levels of natural rubber throughout the years. Discover all statistics and data on Rubber industry in Thailand now on statista.com!

What is the growth rate of rubber in Thailand?

n Thailand Continues to GrowThe production and consumption of natural rubber in Thailand has continued to demonstrate consistent growth over the past few years at an annual growth rate of 5 81% and 5.39%, respectively. Growth in the Thai rubber market is being driven by the country’s strong and es

Does Thailand import synthetic rubber?

Thailand consumes annually. Therefore, approximately 77% of the country’s domestic con umption comes from imports1. This presents tremendous potential for p oducers of synthetic rubber.Thailand imports a substantial amount

What is included in the rubber industry report?

Included in this report is an overview of the rubber industry through key performance indicators such as trade figures, prices, production figures, consumption figures, sales, and the agricultural and business aspects of the rubber industry in Thailand. You may also be interested in…