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NEW REPORT 2023:Research Report on Vietnam’s Natural Rubber Industry, 2022-2031

Global Vietnam’s Natural Rubber Market Report Size, Trends and Forecast provides an in-depth analysis of the Vietnam’s Natural Rubber Market including detailed description of market sizing and growth, value, the key opportunities in the Vietnam’s Natural Rubber Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period from 2021.

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Natural rubber is an elastic solid made from natural latex collected from rubber trees, and then made through a series of processing procedures such as coagulation and drying. It is also a natural polymer compound with cis-1,4-polyisoprene as its main component.

Rubber tree belongs to the typical tropical rainforest species with a preference for high temperature and humidity, growing at temperatures between 23-35℃. In terms of growing environment, Vietnam has natural advantages in rubber tree planting due to its unique geographical conditions. In 2021, the national rubber tree planting area of Vietnam is about 1 million hectares, and its planting areas are mainly concentrated in the southeast and central highlands, of which the largest planting area in the southeast is about 572,000 hectares, accounting for 58.3% of the national planting area.

In Vietnam, small rubber farms have become one of the most important parts of the rubber industry, According to researcher analysis. Especially in the production of natural rubber, the supply of small rubber farms accounts for more than 60% of the total production.

Vietnam’s natural rubber export volume is huge and ranks the third in the world. In the total export volume of Vietnam’s agricultural products, natural rubber export volume is second only to food, and natural rubber is one of the important agricultural products exported by Vietnam. The main export markets of Vietnam’s natural rubber are China, India and South Korea, among which, China occupies the largest proportion. In 2021, Vietnam exported about 1.52 million tons of rubber to China, accounting for about 71% of the total export volume.

In addition, the natural rubber industry in Vietnam features that the production of natural rubber in Vietnam is lower than the export volume. In 2021, its production of natural rubber was only 1.23 million tons, which was 0.9 million tons less compared with the export volume. This is because Vietnam’s enterprises actively plant rubber trees not only within their own territory, but also in neighboring countries such as Cambodia and Laos respectively, which are harvested and transported to Vietnam for preliminary processing before export. The production of natural rubber outside Vietnam is not included in the annual production of Vietnam itself, thus causing this unique phenomenon.

Exports value of rubber processed products in 2020 amounted to about USD3.11 billion, or 39.6% of the total value. The export value of rubber wood was USD2.36 billion, accounting for 30.1%. China has become the largest market for Vietnam’s rubber exports, accounting for more than half of the country’s rubber exports. In 2021, Vietnam’s rubber exports value had reached USD3.43 billion.

According to researcher’s analysis, Vietnam’s rubber enterprises are expanding their sales markets and improving the production of Vietnam’s rubber industry. Due to the wide range of downstream uses of natural rubber and huge global demand, there are many investment opportunities in both cultivation and trade of natural rubber.researcherexpects Vietnam’s natural rubber exports to continue to grow in 2022-2031.

Topics covered:

Overview of Vietnam’s Natural Rubber Industry

Economic and Policy Environment of Vietnam’s Natural Rubber Industry

What is the impact of COVID-19 on the natural rubber industry in Vietnam?

Vietnam’s Natural Rubber Market Size, 2016-2021

Import and Export Analysis of Natural Rubber in Vietnam

Analysis of Vietnam’s Major Natural Rubber Plantation and Processing Enterprises

Key Drivers and Market Opportunities in Vietnam’s Natural Rubber Industry

What are the key drivers, challenges, and opportunities for Vietnam’s natural rubber industry during 2022-2031?

What is the expected revenue of Vietnam’s natural rubber market during 2022-2031?

Which segment of Vietnam’s natural rubber market is expected to dominate the market in 2031?

What are the major adverse factors facing the natural rubber industry in Vietnam?

Forecast on Vietnam’s Natural Rubber Market, 2022-2031

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