Heartening rubber production figures for Malaysia in 2024

Year-on-year increase of 11.06% in NR production in 2024

Ivory Coast once again upstages Thailand in imports

Seed collection and sales to nurseries turn revenue spinner for smallholders

Malaysia’s consistent efforts in boosting rubber production all through the past year yielded significant results with the NR output in 2024 registering an impressive 11.06% growth compared to 2023. The Malaysian natural rubber production in 2024 has gone up to 386,400 tons compared to 347,900 tons in 2023.

Malaysian rubber exports in 2024 totaled 577,214 tons, while imports in the year totaled 1.03 million tons. In 2023, exports in total were 578,691 tons whereas imports stood at over 1 million tons. The difference in imports aggregated to 2.5% year on year in 2024 whereas exports declined by .25% in 2024 from the previous year.

The fourth quarter 2024 performance of Malaysia's natural rubber production recorded an even more impressive increase of 24.6% to 117,040 tons compared to the fourth quarter 2023 (93,956 tons). The fourth quarter registered an increase of 10.7% compared to 105,715 tons in the third quarter of 2024.

However, NR production decreased by 5.1% in December 2024 (38,299 tons)  compared to November 2024 (40,341 tons). Year-on-year comparison showed that the production of NR increased by 26.2% (December 2023: 30,342 tons). Production of NR in December 2024 for Malaysia was mainly contributed by the smallholders sector (89.4%) as compared to the estates sector (10.6%).

Read more at The Association of Natural Rubber Producing Countries (ANRPC)

Reference : The Association of Natural Rubber Producing Countries (ANRPC)