Rubber prices rise, export prospects remain bright

Rubber export price increased by nearly 31%

In the first quarter of 2025, Vietnam's rubber prices recorded the strongest increase since 2022. Specifically, the average export price reached 1,857 USD/ton, up 29% over the same period last year. This increase was evident right from the beginning of the year: in January and February, rubber export prices increased by 25% and 32% respectively over the same period last year.

However, by the end of March, this increase showed signs of slowing down. The reason was that China, Vietnam's largest rubber consumer market, began to adjust its purchasing policy, causing demand to decrease slightly.

In the first 15 days of April 2025, the average export price of rubber increased by nearly 31%, reaching 1,931 USD/ton. Illustrative photo

In April, the market suddenly turned sharply down after the US announced new tax measures targeting imported goods from many countries, including China. The impact spread to the rubber raw material market.

According to data from the Vietnam Customs Department, in the first 15 days of April 2025, our country exported 31,224 tons of rubber, worth 62 million USD. Although output decreased by 22.2% and turnover decreased by 2.8% compared to the same period in 2024, the average export price increased by nearly 31%, reaching 1,931 USD/ton.

Accumulated from the beginning of the year to April 15, 2025, Vietnam's total rubber export volume reached 413,965 tons, equivalent to 799.4 million USD. Compared to the same period in 2024, output decreased by 8.9% but export value increased by 19.1%, once again affirming the decisive role of selling price in the context of market fluctuations.

Asia continues to be the main consumer market of Vietnam's rubber industry. By the end of the first quarter of 2025, rubber exports to this region reached 341,260 tons, equivalent to 654.36 million USD, accounting for 86.8% of the total rubber industry turnover. Although export volume to Asia decreased by 5.8%, turnover still increased sharply by 24.6%, thanks to improved selling prices.

Statistics show that 5 markets rubber export Vietnam's largest economies in the first quarter of 2025 are all in Asia, including China, India, Malaysia, Indonesia and South Korea.

Rubber prices recover slightly

In Tay Ninh province, one of the key areas for smallholder rubber plantations, the purchase price of rubber latex in recent days has shown signs of slight recovery.

The purchase price of raw latex (paid after 10 days) is currently fluctuating around 392 VND/degree TSC. For cup latex and coagulated latex with DRC content of 60% or more, the purchase price is from 14,000 to 16,000 VND/kg. Compared to the same period last year, this price has increased by about 100 VND/degree TSC and increased by 3,000 to 4,000 VND/kg for mixed latex.

According to the Vietnam Rubber Association (VRA), by 2025, the total export turnover of the rubber industry is expected to exceed 11 billion USD, including: Natural rubber: about 3.5 billion USD; Rubber products: about 5 billion USD; Rubber wood: about 2.5 billion USD...

Despite facing competition from Thailand, Indonesia and Malaysia, the regional rubber powerhouse Vietnam still maintains its competitiveness thanks to its synchronized value chain, stable supply capacity and increasingly improved quality.

Despite many positive signals, rubber prices are still under great pressure from fluctuations in international trade policies. According to the Import-Export Department ( Ministry of Industry and Trade ), new tax measures from the US, especially on imported cars, combined with falling crude oil prices and concerns about trade tensions, are causing difficulties for the world rubber market.

However, the market still has bright spots. China, the world's largest rubber consumer, is showing clear signs of recovery. According to the General Statistics Office of China, the country's GDP in the first quarter of 2025 increased by 5.4% compared to the same period last year.

According to the Association of Natural Rubber Producing Countries (ANRPC), the outlook rubber price in 2025 remains positive. The average price is forecast to fluctuate between 1,750 - 2,000 USD/ton, depending on supply - demand and the macroeconomic situation. If China implements its stimulus packages for automobile consumption, electric vehicles and industrial support as planned, rubber import demand may surge in the third - fourth quarter of 2025.

Source: https://baoquangninh.vn/gia-cao-su-tang-trien-vong-xuat-khau-tiep-tuc-tuoi-sang-3358763.html