Natural Rubber Processors

The growth rate of NR usage is expected to be higher than NR production in 2023. Thus, the surplus in the NR market will narrow.

Lao PDR in Focus: Continued economic recovery amid high inflation

Lao PDR’s real GDP growth is expected to be 4.5% in 2023-2024 in tandem with a relatively more stable macroeconomic environment and China’s re-opening.

Vietnam in Focus: Strong recovery amid continued global and domestic risk

Vietnam’s GDP is expected to continue to grow at 6.0%-7.0%, slower than last year following global economic slowdown and decelerating domestic demand due to less effect of pent-up demand.