Malaysia has traditonally been a world leading rubber product exporter. It is the world’s eighth largest consumer of rubber and the seventh largest consumer of natural rubber (NR). At the same time, Malaysia is currently the world’s fifth largest producer of NR after Thailand, Indonesia, Vietnam and China. NR
production in Malaysia increased by 4.1% from 0.67 million tonnes in 2014 to 0.72 million tonnes in 2015.
On the other hand, exports of rubber products from Malaysia surpassed RM15 billion in 2014 and reached RM18 billion in 2015. At present, there are more than 500 rubber product manafacturers currently operating in the country. These manufacturers are involved in the production of latex products, tyres and tyre-related products, and industrial and general rubber products. In Malaysia, the largest rubber sub-sector is latex products, specifically in household and medical gloves. The gloves sector alone made up about 70% of the export of rubber products in 2015.
Johor is also home to a few major rubber product manufacturers in the country. Chief among them is the recently launched Lotte Ube Synthetic Rubber, which is also the first polybutadiene rubber plant in Malaysia.
Facts and Figures
Johor is the second largest crude palm oil producer in the country and the third largest oleochemical producer with a 25% production capacity of the country’s oleochemical market. At present, there are 43 companies (both major and minor players) in Johor which are producing oil and processing basic oleochemicals which includes fatty acids, fatty alcohols, methyl esters, glycerine and acid distillates.
Household and medical gloves made up more than 70% of the country’s total export of rubber products in 2015.
Export Destination of Rubber Products,2015
USA remained as Malaysia’s largest export destination for rubber products, with exports amounting to approximately RM5.2 billion in 2015.