Unfazed: A healthcare worker putting on gloves before work in the Klang Valley.
GEORGE TOWN: Malaysia’s export of rubber products is estimated to increase by 80 per cent to reach RM74 billion this year from RM41 billion last year, attributed to a spike in the export of rubber gloves.
Rubber gloves would likely constitute over 90 per cent of the country’s total export of rubber products, said a Malaysian Rubber Board spokesperson. The improving global economic activities have scaled-up the outlook for natural rubber (NR) demand. Global consumption of NR is anticipated to increase 6.7 per cent to 13.7 million tonnes in 2021 following the 7.8 per cent fall in 2020.
Surge in demand for gloves to lift value of rubber product exports to RM74 billion this year
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Rubber Gloves Market to Garner $122 5 Billion, Globally, By 2030 at 12 2% CAGR, Says Allied Market Research
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According to group chief executive officer Datuk Ho Hon Sang, (pic) the property group will focus on building affordable housing at strategic locations in its effort to support the government’s initiatives to boost home ownership as well as to meet with the current market demand. is targetting to launch more affordable properties in the Klang Valley and Johor with over RM3.6bil in gross development value (GDV) by the second half of this year.
According to group chief executive officer Datuk Ho Hon Sang, (pic) the property group will focus on building affordable housing at strategic locations in its effort to support the government’s initiatives to boost home ownership as well as to meet with the current market demand.