Back at the Saigon Exhibition and Convention Center from to March , The th International Plastics & Rubber Technologies and Materials Exhibition for Vietnam organized by Informa Markets Vietnam in conjunction with Messe Düsseldorf Asia promises to provide a potential trading platform for plastic and rubber manufacturers and processors to introduce products, build brand image, expand new cooperation opportunities as well as identify economic potentials in the market of Vietnam.
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Being the worlds largest rubber importer, policies in China can have far-reaching effects on the global rubber industry. In late the government of China decided to approve a new standard for compound rubber imports. The permitted crude rubber content in imported compound rubber was cut from -. percent to percent, implying that compound rubber imports into China became subject to a percent import duty (the same tariff as natural rubber import duties). China’s new policy is a blow to its rubber suppliers in Indonesia as it results in declining usage of compound rubber in the world’s second-largest economy.
As the second-largest rubber producer, Indonesia supplies a substantial amount of rubber to the global market. Since the s, the Indonesian rubber industry has been experiencing steady production growth. Most of the countrys rubber output approximately percent is produced by smallholder farmers. Government and private estates thus play a minor role in the domestic rubber industry.
Indonesias downstream rubber industry is still underdeveloped. Today, the country depends on imports of processed rubber products due to the lack of domestic processing facilities and the lack of a well-developed manufacturing industry. Little domestic consumption of rubber explains why Indonesia exports about percent of its rubber production. However, in recent years there is a change visible (although a slow one) as exports slightly decline on the back of increased domestic consumption. About half of the natural rubber that is absorbed domestically in Indonesia goes to the tire manufacturing industry, followed by rubber gloves, rubber thread, footwear, retread tires, medical gloves, carpets and other tools.