KUALA LUMPUR: The Plantation Industries and Commodities Ministry is optimistic that Malaysia will be able to achieve RM23.6bil in rubber glove export revenue this year, Bernama reported.
The Malaysian Rubber Glove Manufacturers Association (Margma), in its Industry Brief 2022 released yesterday, projected that Malaysia’s rubber glove export revenue will reach RM23.6bil this year, compared to RM17bil in 2019, and the year-on-year demand growth for rubber gloves will be 10% to 12% this year.
“This projection is made when, under normal circumstances, we did not take into consideration the two years of Covid-19 when the export of rubber gloves soared. So, it is very conservative and I believe we can do better than that.
“Margma has also identified new countries that we can penetrate into and this will ensure that our rubber gloves are still in high demand,” said minister Datuk Zuraida Kamaruddin at a briefing yesterday.
Zuraida also said that the need to use rubber gloves, following a rise in hygiene culture globally, will increase the demand for rubber gloves in the market.