According to Malaysian Rubber Glove Manufactuters Association (MARGMA), global glove demand is about 330 billion pieces per year & estimated to grow at 10% annually
For 2021 global glove demand is expected to grow to 396 billion pieces versus the total production capacity of Malaysian glove factories of 280 billion pieces
While for 2022 global glove demand is expected to expand further to 475 billion pieces against the projected total production capacity of Malaysian glove factories of 363 billion pieces
While also, a research analyst from a local IB has also written that covid-19 vaccine deployment could in fact add another further new demand source of 18 billion pieces per year, assuming that 60% of the world's 7.5 billion people gets their vaccine in two doses annually
Today, the demand for rubber gloves is so overwhelming that major rubber glove manufacturers have an order waiting list of more than 12 months, a few extending to twenty four months, some up to even thirty six months
im curious if there'll be a last round of bull attack on glove before it's dead for good..if we refer to H1N1 crisi before this, the moment vaccination starting to kicked in, glove have a last round of parabolic hike before slowly back to their original price of before H1N1
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kukubesi
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Posted by kukubesi > 2021-02-09 15:22 | Report Abuse
No matter how fundamentally strong it’s still subject to speculation