RUBBER NEWS

Vietnam’s Rubber Exports Slightly Increase in November 2021

Posted on by content02.vinahugo
14
Oct

Rubber Exports Continue to Recover as Production Rebounds

According to estimates from the Import and Export Department (Ministry of Industry and Trade), Vietnam’s rubber exports in November 2021 reached approximately 210,000 tons, valued at USD 354 million, up 2.6% in volume and 4.4% in value compared with October 2021.

This positive result reflects the strong recovery of production and logistics after many southern provinces implemented flexible and safe adaptation measures to Covid-19, thereby boosting rubber exports.

However, compared with November 2020, export volume fell 3%, though value increased 6.9% due to higher prices. The average export price was USD 1,687 per ton, up 1.7% month-on-month and 10.2% year-on-year.

In the first 11 months of 2021, Vietnam exported about 1.7 million tons of rubber worth USD 2.84 billion, up 11.7% in volume and 40.5% in value compared with the same period of 2020.

China Remains Vietnam’s Largest Rubber Buyer

Data from the General Administration of Customs of China shows that in the first 10 months of 2021, Vietnam was China’s second-largest rubber supplier, with exports worth USD 1.69 billion, up 31.5% year-on-year.

According to calculations from Vietnam Customs, most exported rubber grades recorded strong growth compared with 2020, especially SVR 20, SVR CV60, SVR 3L, SVR CV50, SVR 10, synthetic rubber, and RSS1.

The natural–synthetic rubber blend (HS 400280) continued to be the most exported category, accounting for 62% of total rubber exports — equivalent to 925,140 tons, valued at USD 1.52 billion (up 8.5% in volume and 37.3% in value).

Of this, China accounted for 99.4% of Vietnam’s total exports of blended rubber, with 919,780 tons worth USD 1.51 billion, up 9.1% in volume and 37.3% in value year-on-year.

Export Prices Rise for Most Rubber Grades

During the first 10 months of 2021, the average export price of nearly all rubber grades increased significantlycompared with 2020, except for synthetic rubber.
Some categories recorded sharp gains:

  • Crepe rubber: +104.2%

  • Skim block: +48.6%

  • RSS1: +41.5%

  • SVR CV40: +38.9%

  • RSS3: +34.9%

  • SVR CV60: +33.2%

Domestic Market Conditions

Despite overall export growth, Covid-19 disruptions in key rubber-producing provinces such as Binh Phuoc, Binh Duong, Tay Ninh, and Dong Nai continued to affect tapping and processing activities.

In November 2021:

  • Smallholder latex was purchased by traders at VND 290–335 per TSC degree.

  • In Binh Phuoc, latex prices ranged VND 293–333 per TSC degree, down VND 10 from late October.

  • In Dak Lak, cup-lump rubber fetched VND 16,000–18,000 per kg, depending on grade.

  • In Binh Duong, latex prices were around VND 334–336 per TSC degree.

  • In Dong Nai, latex was traded at VND 330 per TSC degree.