MARGMA targets RM38bil rubber glove export revenue this year

KUALA LUMPUR: The country’s rubber glove industry is targeted to achieve RM38 billion exports to the global market this year, higher than the RM35.3 billion recorded last year.

Malaysian Rubber Glove Manufacturers Association (MARGMA) president Dr Supramaniam Shanmugam said a total of 280 billion pieces gloves would be produced by Malaysia, representing 67 per cent of the estimated global supply of 420 billion gloves for this year.

"Global demand is far higher than supply and we see this trend continuing (from last year) not only for 2021 but also going into 2022, with 13,318 gloves being used every single second.

"We have taken into consideration all of the scenarios (export competition and anticipation of falling average selling price) and are confident that this RM38 billion target will be achieved,” he told a virtual media briefing here today. - Bernama

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