Rubber gloves: Great market potential for Growth

Malaysian rubber gloves are highly sought after by many countries and for the first quarter of 2017, the country exported more than RM4bil worth of product. This is a 26% increase compared to the first quarter of 2016, which recorded RM3.2bil in sales.

Plantation Industries and Commodities Minister, YB Datuk Seri Mah Siew Keong said Malaysian rubber products are currently exported to more than 195 countries. Exports have increased more than threefold from RM5.4bil in 2000 to RM18.2bil in 2016.

He said that out of the total exports for rubber products, RM13.3bil, or 73%, was contributed by rubber gloves.

“Malaysia has remained a world leader in rubber glove exports for the last two decades, capturing over 60% share in the global market.

“Between 2012 and 2016, the export of rubber gloves increased at an average rate of 6% annually.

“The growth momentum is expected to continue in 2017 to reach RM14.1bil in exports,” Mah siad.
He also said the per capita consumption of gloves in Asia is relatively low at about 5.5 pairs per year on average, compared to 75 pairs in the United States and 50 pairs in Europe.

Consumption per capita of medical gloves in China is currently at three pairs while in Malaysia, it is about 10 pairs per year for one consumer, he added.

“The market potential in Asian countries for the products, especially China, is huge.

 /theSTAR 22-05-2017

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