Rubber exports face competition in the Netherlands market

08/05/2023    65

Vietnam's businesses need to diversify their products to meet the needs of the Netherlands market to boost exports to this market.Although Vietnam's rubber exports to the Netherlands market increased in both volume and value in the first three months of the year, competitive pressure requires this industry to expedite transformation and market expansion.
According to statistics of the General Department of Vietnam Customs, in the first three months of 2023, Vietnam's rubber exports to the Netherlands rose by 31.2% in volume and 11.3% in value to 3.03 million tons and US$ 4.38 million in volume year-on-year, respectively
The average export price of rubber to this market decreased by 15.1% to 1,447 USD/ton compared with the same period in 2022, which is mainly natural rubber.
The average export prices of all kinds of rubber to the market in the first three months of 2023 have mostly decreased compared to the same period in the previous year.
According to the Ministry of Industry and Trade, in this market, Vietnam's rubber has to compete with the rubber of Thailand and the Ivory Coast. Competition between natural rubber producers and exporters will be fiercer in the price, product quality, commercial reputation and the ability to meet increasingly stringent sustainability standards.
On the other hand, Vietnam's natural rubber exports still heavily depend on China's market and only partially meet the needs of other markets. Therefore, it is not easy to export the product to other major markets such as the United States, Japan, the EU, etc.
Businesses need to diversify products to satisfy the needs of the Netherlands market to promote exports to this market. They also should unify quality management nationwide, apply advanced techniques, restructure products under market requirements, expand investment in deep processing, and gradually form the auxiliary rubber industry, promote the reorganization of the rubber industry under the production value chain, and improve competitiveness in the international market.

Source: Customs News