Cambodia’s rubber sector experienced remarkable growth in 2024, with total export earnings from rubber latex and rubber wood surpassing US$671.78 million, a 36.48% or US$150 million increase compared to the previous year. The surge in revenue was driven largely by higher global rubber prices due to tight supply amid fairly good demand.
Highlights
• Rubber latex exports value goes up to US$666.25 million in 2024
• Average yearly rubber price marks a 47% YoY surge to US$1,971/mt
• Domestic tire firms consume 58,000 tons of rubber in 2024