Malaysian rubber glove group says demand to oustrip supply until 2023
Malaysia, the world’s biggest rubber gloves manufacturer ,our country is racing to increase production since pandemic’s started close a supply gap ,that it warns could last until into 2023. The Malaysian Rubber Glove Manufacturers Association (Margma) said on Monday (Mar 15) the country was in an oversold position of 160 billion gloves. “The lead time currently is about seven months for the gloves to be delivered to the end customer,” Margma President Supramaniam Shanmugam said, adding that demand would remain robust until the second quarter of 2022.
What global production expect?
Global production expected to ramp up to 420 billion this year from 380 billion last year and annual growth of 10 to 15 per cent. Supramaniam said “excess demand could run into 2023. Malaysia expects to supply 280 billion, or 67 percent, of that increased global supply”. Malaysia’s glove export increased more than what visions believe more than double on this pandemic in recent year specially 2020, and will rise into a 103% percent to 35.3 billion ringgit (US$8.6 billion) according to what we see in market. Margma said, “forecasting that would rise to 38 billion ringgit this year” . Supramaniam said Malaysian manufacturers were addressing concerns about social compliance in the domestic industry.
What was purpose of saying this research?
Purpose of this research is to say as long as raw materials are good quality of course maintains of production would be in best mode. About glove we should know the main raw material we use is rubber , we will have best quality in glove if we use best rubber.
