Rubber tree belongs to the typical tropical rainforest species with a preference for high temperature and humidity, growing at temperatures between 23-35℃. In terms of growing environment, Vietnam has natural advantages in rubber tree planting due to its unique geographical conditions. In 2021, the national rubber tree planting area of Vietnam is about 1 million hectares, and its planting areas are mainly concentrated in the southeast and central highlands, of which the largest planting area in the southeast is about 572,000 hectares, accounting for 58.3% of the national planting area.
In Vietnam, small rubber farms have become one of the most important parts of the rubber industry, according to the analyst's analysis. Especially in the production of natural rubber, the supply of small rubber farms accounts for more than 60% of the total production.
Vietnam's natural rubber export volume is huge and ranks the third in the world. In the total export volume of Vietnam's agricultural products, natural rubber export volume is second only to food, and natural rubber is one of the important agricultural products exported by Vietnam. The main export markets of Vietnam's natural rubber are China, India and South Korea, among which, China occupies the largest proportion. In 2021, Vietnam exported about 1.52 million tons of rubber to China, accounting for about 71% of the total export volume.
In addition, the natural rubber industry in Vietnam features that the production of natural rubber in Vietnam is lower than the export volume. In 2021, its production of natural rubber was only 1.23 million tons, which was 0.9 million tons less compared with the export volume. This is because Vietnam’s enterprises actively plant rubber trees not only within their own territory, but also in neighboring countries such as Cambodia and Laos respectively, which are harvested and transported to Vietnam for preliminary processing before export. The production of natural rubber outside Vietnam is not included in the annual production of Vietnam itself, thus causing this unique phenomenon.
Exports value of rubber processed products in 2020 amounted to about USD3.11 billion, or 39.6% of the total value. The export value of rubber wood was USD2.36 billion, accounting for 30.1%. China has become the largest market for Vietnam's rubber exports, accounting for more than half of the country's rubber exports. In 2021, Vietnam's rubber exports value had reached USD3.43 billion.
According to this analysis, Vietnam’s rubber enterprises are expanding their sales markets and improving the production of Vietnam's rubber industry. Due to the wide range of downstream uses of natural rubber and huge global demand, there are many investment opportunities in both cultivation and trade of natural rubber. The analyst expects Vietnam's natural rubber exports to continue to grow in 2022-2031.
Topics covered:
- Overview of Vietnam's Natural Rubber Industry
- Economic and Policy Environment of Vietnam’s Natural Rubber Industry
- What is the impact of COVID-19 on the natural rubber industry in Vietnam?
- Vietnam’s Natural Rubber Market Size, 2016-2021
- Import and Export Analysis of Natural Rubber in Vietnam
- Analysis of Vietnam's Major Natural Rubber Plantation and Processing Enterprises
- Key Drivers and Market Opportunities in Vietnam’s Natural Rubber Industry
- What are the key drivers, challenges, and opportunities for Vietnam’s natural rubber industry during 2022-2031?
- What is the expected revenue of Vietnam’s natural rubber market during 2022-2031?
- Which segment of Vietnam’s natural rubber market is expected to dominate the market in 2031?
- What are the major adverse factors facing the natural rubber industry in Vietnam?
- Forecast on Vietnam’s Natural Rubber Market, 2022-2031
Table of Contents
Companies Mentioned
- Vietnam Rubber Industry Group
- Truc Quan Joint Stock Company
- Nam Hai Roller Company Limited
- 75 Rubber One Member Limited Liability Company
- Ha Thanh Industrial Company Limited
- A.67 Company Limited
- Hung Phuoc Loi Company Limited
- Phuong Vien Trading-Plastic Rubber Production Factory
- Viet Roll Rubber Rolls Co., Ltd
- Cao Su Viet Company Limited
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 50 |
| Published | July 2022 |
| Forecast Period | 2022 - 2031 |
| Estimated Market Value ( USD | $ 3.78 Billion |
| Forecasted Market Value ( USD | $ 7.6 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 10 |
