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In 2006, the world of rubber industries realized another bullish natural rubber market. It has been five years in a row that the growth rate of natural rubber production has surpassed that of the synthetic rubber production. This rapid growth is not only a side effect of the high price level of crude oil, but is also a consequence of increased high-performance tire production, which requires a higher proportion of natural rubber raw material. With tire producers as the main buyer and almost equal market shares in the previous years, it is likely that natural rubber has already taken over synthetic rubber as the main driver for rubber industrial growth.
The largest natural rubber producer is the region of South East Asia and Indonesia is the world’s largest rubber producing country after Thailand. However, Indonesia is predicted to become the largest by 2020, with its annual production of 1.9 million tons and a growth of 3% in 2006. BSP is renowned producer with a medium-sized area. Several of its products have been maintaining the lucrative position of premium products in the world rubber market of 2006. With its limited estates, BSP strives to seize the opportunity provided by rapidly growing markets through estate productivity improvement and replanting. Furthermore, BSP has been arranging its composition of processed natural rubber products to obtain maximum sales value. |