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Rubber to become $ 3 b industry by 2025

26 Dec 2021

After achieving $ 1 billion in export earnings in 2021 from the rubber product sector, the Sri Lanka Export Development Board (EDB) intends to increase it to $ 3 billion by 2025. The EDB also expects that the proposed dedicated industrial zone in Horana for rubber-based manufacturing firms would soon become a reality. Over the past few years, the EDB has implemented a number of export-oriented programmes to increase the export income from rubber-based products. Assisting export firms to obtain ISO 14001 and ISO 50001 quality certificates, enabling the participation of export firms in technical training programmes in Malaysia and the UK, sending SME enterprises to trade fact-finding missions which were required for trade exhibitions in Germany and Turkey, aiding the Rubber Research Institute of Sri Lanka (RRISL) to establish a laboratory in accordance with international standards to conduct research on tyres, implementing a number of pilot projects to increase the productivity of rubber plantations in few districts in collaboration with Rubber Development Department, the RRISL, and the Ministry of Plantation were some of those initiatives. Sri Lanka’s rubber production in 2020 was 78,206 MT and approximately $ 30 million was earned by exporting raw rubber. Sri Lanka is also one of the leading crepe rubber-producing countries in the world. In 2020, Sri Lanka earned $ 786 million from rubber-based products and out of that $ 425 million was earned from tyre-related products. Sri Lanka holds close to a 30% share of the global solid tyre market and more than 10 internationally renowned companies manufacture and export products under international brand names. Continental, Camso, Solideal, GRI, DSI, Orions, and Solimax are some of the key brands present in Sri Lanka. There is a huge demand for medical rubber gloves produced in Sri Lanka due to the Covid-19 pandemic. Last year, $ 250 million was earned in revenue from rubber glove exports. Particularly, the demand for medical gloves is increasing rapidly. Moreover, there are more than 100 rubber and rubber-based export companies in Sri Lanka and about 50,000 workers are employed in these firms (both Board of Investment (BOI)-registered and non-BOI-registered). The rubber industry provides livelihoods to about 300,000 people via direct and indirect jobs.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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