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- The rubber industry is one of the largest contributors to Malaysia's GDP and is economically important for the country. However, production has been declining over the last few decades. Similarly, this has also occurred in other crops such as cocoa. The decline in production adversely impacts the livelihood of local rubber smallholder farmers.
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Key figures. Rubber manufacturing. International trade. Leading companies. Consumption. Areas planted with natural rubber in Malaysia 2015-2022. Natural rubber consumption in Malaysia...
Malaysia, ranking seventh globally in natural rubber production in 2020, recorded a production of 469.7 thousand tonnes in 2021 — a decrease of 8.7% from the previous year. The nation’s NR production has faced a declining trend, with an average annual growth rate of -6.9% from 2015 to 2021.
Sep 10, 2020 · For one, the rubber industry is largely dominated by smallholders — 95% of rubber plantations in Malaysia are cultivated by 458,000 smallholders, with the remaining 5% being commercial estates. The Malaysian Rubber Board or Lembaga Getah Malaysia (LGM) defines smallholders as rubber farmers who own less than 100 acres of land.
Mar 10, 2022 · So how well is Malaysia performing on the overall industry? MRC shared some statistics on export, according to Hizwan, rubber products export increased 50.6%, or about RM61.7billion in 2021, as compared to almost RM41 billion of the same corresponding period in 2020.
- Businesstoday
Sep 10, 2020 · Malaysia was the world’s largest producer of natural rubber in the 1960s and 1970s but, since then, the hectarage has consistently declined. It is now the fifth- or sixth-biggest producer of natural rubber globally after Thailand, Indonesia, Vietnam, India and China, says rubber expert Dr Sivakumaran Seenivasagam.
Jun 1, 2021 · The rubber industry is one of the largest contributors to Malaysia's GDP and is economically important for the country. However, production has been declining over the last few decades. Similarly, this has also occurred in other crops such as cocoa. The decline in production adversely impacts the livelihood of local rubber smallholder farmers.
Dec 23, 2021 · December 23, 2021. The COVID-19 pandemic is continuing to exert pressure on all sectors of the economy; however, Malaysia’s rubber products remain dominant in the third quarter of 2021, allowing the industry to continue to thrive and contribute to the country’s economy.
