The Association of Natural Rubber Producing Countries is forecasting that output of natural rubber from key producing countries will grow 4.8% to 9.77 million metric tons in 2011, according to its most recent monthly bulletin. ANRPC’s members account for 92% of global natural rubber production.
The forecast was lower than a growth target set by member governments of 8 percent with an estimated output of 10 million tons, assuming favorable weather conditions and a continuation of high prices this year, the association said.
Demand for natural rubber in China, India and Malaysia, which account for 48 percent of global usage, is expected to increase this year, the bulletin said. Demand in China, the largest user, may gain 9.1 percent to 3.6 million tons; India’s usage may gain 5 percent to 991,000 tons and consumption in Malaysia may rise 7 percent to 490,000 tons.
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