Hanoi (VNA)💦 – The Vietnam Rubber Association (VRA) forecast that the country's rubber export will hit 11 billion USD in 2025, marking a yearly growth rate of 10% .
Rubber prices in the world market are increasing sharply, which help rubber companies gain positive growth in revenue and profits.
In January, Vietnam exported about 180,000 tonnes of rubber worth 341 million USD, an 14.5% decrease in volume and a 14.6% increase in value year-on-year.
The average export price in January was estimated at 1,892 USD per tonne, 34% higher than that of the same period last year.
According to Vietnam Customs, in 2024, the country exported about 2 million tonnes of rubber worth 3.42 billion USD, surpassing the highest level of 3.3 billion USD recorded in 2022./.
Rubber prices stayed high in the final months of last year based on limited global supply and high demand, according to Deputy General Director of the Mercantile Exchange of Vietnam Nguyen Duc Dung.
All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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