Natural rubber is one of the world's most important commodities, widely used in tire manufacturing, medical supplies, construction materials, and more. In 2024, the global natural rubber market exhibited a tight supply-demand balance, with prices influenced by multiple factors.
In 2024, global natural rubber supply reached approximately 14.8 million tonnes. Thailand remains the world's largest producer, accounting for 34.9% of total global supply. Other major producers include Indonesia, Côte d'Ivoire, Vietnam, India, and China.
In recent years, Cambodia, Laos, Myanmar, and Vietnam (CLMV countries) have rapidly expanded their rubber planting areas, driven by Chinese agricultural investment, and their market share continues to grow.
Global natural rubber demand stands at approximately 15.3 million tonnes, slightly exceeding supply and creating a supply deficit. China is the world's largest importer and consumer of natural rubber, with demand concentrated in tire manufacturing.
Key downstream applications include:
The global natural rubber market is expected to maintain moderate growth in the coming years, with a CAGR of approximately 4.3%. As favorable weather conditions return and downstream sectors such as electric vehicles and infrastructure continue to expand, natural rubber demand is expected to rise steadily.
Fontune Rubber is a leading global natural rubber supply chain manager, with operations spanning plantation management, rubber processing, and global distribution. We are committed to driving sustainable development in the natural rubber industry.
