php

Thai Medical Glove Exports Face Chinese Competition

Glove Manufacturers Hope Reduced Rubber Costs Will Increase Competitiveness

Thailand’s medical glove exports are facing strong headwinds from Chinese competition, with growth expected to slow dramatically in the coming year. Once robust, sales growth is forecast to drop to just 1% in 2025.

Slowing Export Growth

Thai medical glove manufacturing is heavily reliant on exports, accounting for more than 90% of sales. The primary markets are the United States, Brazil, and Japan. However, exports are projected to grow by only 1% in 2025, a sharp decline from the roughly 20% seen previously. This slowdown is attributed to intense competition from China.

Rubber Prices Key

One potential advantage for Thai manufacturers is the anticipated reduction in rubber production costs. Falling rubber prices could enhance the competitiveness of Thai companies in the global market. The price of natural rubber has been declining due to oversupply, which is beneficial to manufacturers. The Association of Natural Rubber Producing Countries expects the price of natural rubber to remain under pressure in the short term (ANRPC).

The research indicates that the user should be aware that the data provided is for general publication and comes from sources deemed reliable. The company issuing the report does not guarantee the information’s accuracy and is not liable for any damages.