HCMC – Vietnam’s rubber industry is gearing up for stronger growth in 2025, with export revenue forecasted to exceed US$11 billion, a 10% increase compared to 2024.
The positive outlook is driven by sustained demand from China, the world’s largest rubber consumer, according to the Vietnam Rubber Association.
In 2024, China accounted for 70.5% of Vietnam’s rubber exports.
Global rubber prices have been bolstered by supply constraints from major producing countries. The Mercantile Exchange of Vietnam (MXV) noted that both domestic and international rubber prices remained high toward the end of 2024, backed by robust global demand, particularly from China.
Vietnam’s rubber exports in 2024 totaled two million tons. The average export price in 2024 was US$1,701 per ton, up from US$1,350 per ton in 2023.
