Malaysia pioneered the production of raw rubber and intermediate goods, but its upstream production declined after the 1970s. In contrast, raw rubber production sharply expanded in Thailand, surpassing MY in both production and export by the early 1990s.
In MY, local manufacturing firms entered the export market of rubber products in the 1980s mainly as OEM for foreign customers. In the next decades, some of the local firms achieved key technological innovations in downstream activities and became market leaders in rubber products such as disposable medical gloves. In contrast, TH’s downstream was dominated by foreign tire makers. Only recently has TH seen the emergence of young innovative entrepreneurs who attempt to emulate the success of their Malaysian counterparts.
From the late 20th century, moreover, raised the demand for medical examination gloves and condoms. The world’s NR consumption increased from 5.4 million tons in 1993, to 8.7 million tons in 2005, to 12.15 million tons in 2015.
Whereas MY was the world’s largest producer and exporter of NR for much of the 20th century, it was only the sixth in 2015. In contrast,
* TH is now the largest, followed by Indonesia, Vietnam, China, and India *
In 2015, NR exports from TH and MY were valued at $4,977 million and $871 million, respectively. Since 2011, the NR export value has actually declined significantly following the decrease in the international price. However, the export quantity increased in TH, which indicates that the demand for NR continues to be solid. Furthermore, MY and TH have seen the development of rubber-based manufacturing industries. MY even succeeded in manufacturing high value-added products.
TH’s export value of NR exceeded MY’s by the end of the 1990s. Different from MY, however, Thai rubber manufacturing has been led by the tire industry, in which large foreign firms are dominant.
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Finance Head: Toyotsu Bharat Integrated Services Pvt Ltd (Toyota group)
1wCongratulations Atul and Ashish It reminded me taking the same award at same function few years back in Huntsman Baroda. Keep the spirit on