Vietnam's rubber exports reached 1.65 bio US$ from Jan. to Nov. 2006, an increase of 300mio US$ ahead of 2005's figure.
Increased export turnover was driven by a rise in rubber prices, up 6-7 mio VND (375US$-437US$) per tonne from last year. Average export prices in 2005 were 1,370US$/ton, compared to an average price of 1,163US$/ton in 2004.
Vietnam now ranked sixth in rubber production in the world and fourth in natural rubber exports after Thailand, Indonesia and Malaysia, according to the International Rubber Association.
Vietnamese rubber was currently being exported to 20 countries, of which China was the leading importer. Chinas overall rubber demand was expected to increase 6% per year by 2010.
Over the next five years, global demand for natural rubber was expected to increase at a rate of about 3.3% annually, according to the International Rubber Search Group (IRSG).
By 2010, the worlds demand for natural rubber would reach 9.6 tons/year while production output was likely to hit only 9.3mio tons.
Source: VNA
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