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A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser for domestic natural latex that blunts the adverse effects of fluctuations from international markets.
Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap,
Cambodia netted $531.864 million from the export of rubber latex and wood in 2022, down 12.85 per cent over 2021, according to the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber (GDR).
Cambodia netted more than $453 million from the export of rubber latex and wood in the first 11 months of 2022, marking a slight year-on-year dip that has been blamed on diminished global demand and production chain disruption across the world tied to the Covid-19 crisis.
Cambodia netted more than $453 million from the export of rubber latex and wood in the first 11 months of 2022, marking a slight year-on-year dip that has been blamed on diminished global demand and production chain disruption across the world tied to the Covid-19 crisis.