Glove industry expects RM14.3b exports for 2016

In a statement, Margma expressed its dissatisfaction over the latest measure to reverse the ringgit

KUALA LUMPUR: The rubber gloves industry is expected to record RM14.3bil in export revenue for 2016 with stronger growth seen in the second half due to rising health awareness and outbreak of diseases.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) president Denis Low said on Tuesday he targets the glove industry to record RM14.3bil in exports his year.

This would be a 9.1% increase from the export revenue of RM13.1bil in 2015.

"Malaysia is expected to export a total of 133.6 billion pieces of glove this year," he told reporters at a press conference at the 8th International Rubber Glove Conference & Exhibition.

For the first half of 2016, the rubber glove industry recorded RM6.4bil in export revenue.

Low said the rubber glove industry would seasonally experience better sales and growth in the second half of the 
year.

"Even though the world economy is expected to slow down, we believe that the demand for rubber glove would continue to sustain especially with increase awareness in country like China and India as well as outbreak like the Zila virus," he added.