According to the Association of Natural Rubber Producing Countries (ANRPC) , world Natural Rubber production is expected to decline by 6.8% in 2020 due to factors such as falling Rubber prices and climate change. World Natural Rubber consumption is expected to decline by 7.3% in 2020, with 2021 growth of 8-10% .
The Thai Rubber Association is Optimistic About the development of the rubber industry. The Thai Rubber Association believes that the new crown epidemic will change the demand for rubber gloves for a long time, resulting in an increase in the demand for rubber gloves, demand for rubber gloves is expected to grow by 25% in 2020 and 20% in 2021. Meanwhile, the International Tripartite Rubber Council (ITRC) will pledge to strengthen cooperation.
The government of Thailand has proposed a number of measures to support small and medium-sized rubber farmers and rubber enterprises: the Income Guarantee Scheme for rubber farmers; the Stabilization of rubber prices; and the credit support scheme for rubber wood and rubber enterprises (20 billion baht) Fourth, a credit support programme for rubber-producing enterprises (25 billion baht) and fifth, assistance to rubber-producing enterprises during the epidemic.
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