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November 15, 2024, 11:23 AM
On November 15, it was reported that in recent years, Cote d'Ivoire's natural rubber production has achieved significant growth and has become a new focus in the global natural rubber market. Data shows that Cote d'Ivoire's natural rubber production will reach 1.55 million tons in 2023, a nearly double growth compared with 815,000 tons in 2019. This output not only surpassed Vietnam, but also enabled Cote d'Ivoire to become the world's third largest natural rubber producer, after Thailand and Indonesia.
The rapid growth of natural rubber production in Cote d'Ivoire is closely related to the EU Zero Deforestation Regulation (EUDR), which will come into effect at the end of 2025. The regulations impose strict environmental requirements on products placed on the EU market, and must prove that their products will not cause deforestation or degradation. This regulation has undoubtedly had a profound impact on natural rubber producing countries around the world, prompting countries to strengthen environmental supervision and improve production standards to meet the EU's market access requirements.
Driven by EUDR, natural rubber producing countries such as Cote d'Ivoire have strengthened the protection and management of forest resources to ensure the sustainability of natural rubber production. At the same time, this has also brought new development opportunities to the natural rubber industry of countries such as Cote d'Ivoire, and has significantly improved its competitiveness in the global market.
It is worth mentioning that although Cote d'Ivoire's natural rubber production has achieved rapid growth, the pattern of the global natural rubber market has not undergone fundamental changes. Indonesia and Thailand remain the world's largest natural rubber producers, accounting for about half of the world's total production. However, the rise of Cote d'Ivoire has undoubtedly injected new vitality into the global natural rubber market and made market competition more intense.
