Malaysia is anticipating a record-breaking year for its rubber glove exports sector as it showed a 25% growth to RM7.95 billion during the first six months of this year from RM5.28 billion in the same period in 2016.
The country’s Plantation Industries and Commodities Minister, Datuk Seri Mah Siew Keong, said the high export growth might lead to an outstanding new high in export sales of RM16 billion in the full year of 2017, up 20% compared with RM13.28 billion for 2016, he said.
“Rubber gloves have been the largest contributor to the Malaysian rubber products industry.
“The export sales of rubber gloves accounted for over 70% of the total exports of rubber products which amounted to RM11.4 billion for the first six months of 2017,” Mah said.
Given the expected strong export performance this year, Mah said, he was confident Malaysia would continue to dominate the world market for rubber gloves, especially for medical gloves usage, in the healthcare sector.
“With the increasing demand for higher quality medical gloves in major emerging markets, coupled with industry’s moves to expand production capacity and to improve manufacturing processes, we believe these will help it achieve the target of securing at least 65% share of the global export of rubber gloves by 2020,” he said.
Mah said that based on the current trend of global import growth, his ministry and the Malaysian Rubber Export Promotion Council projected that world demand for rubber gloves would increase from 211 billion pieces in 2016 to 287 billion pieces by 2020.
“Malaysia is currently the world’s largest supplier of rubber gloves fulfilling 60% of the total global supply in volume terms, supplying approximately 126 billion pieces of rubber gloves as of 2016,” he said.
He said the country’s rubber gloves were exported to more than 190 countries worldwide.
According to Mah, Malaysia is in the top spot in the global market for rubber gloves and way ahead of its closest competitors, Thailand and China, which are the second and third largest exporting countries respectively.