KUALA LUMPUR, Sept 3 – The rubber glove industry is expected to contribute up to RM12.4 billion in export revenue this year, said the Ministry of Plantation and Commodities.
Deputy Plantation and Commodities Minister Datuk Chan Foong Hin said Malaysia exported rubber gloves worth over RM11.8 billion in 2023, capturing 45 per cent of the global market share.
“For the first half of 2024, the rubber glove industry trade has surged to RM6.8 billion, up from RM5.8 billion in the same period in 2023.
“So that is why we anticipate the figure (of rubber gloves export value) will increase from RM11.8 billion to RM12.4 billion for this year. It is quite an encouraging trend for the Malaysian rubber export,” he told reporters after officiating the 11th International Rubber Glove Conference & Exhibition (IRGCE 2024) on Tuesday.
Organised by the Malaysian Rubber Glove Manufacturers Association and co-hosted by the Malaysian Rubber Council, the three-day IRGCE 2024, which kicks off today, is set to be a pivotal platform for driving innovation and sustainability within the rubber glove industry.
