The Rubber & Rubber Based Products Industry in Sri Lanka

The rubber and rubber-based products industry in Sri Lanka is a vital sector that contributes significantly to the country’s economy. The industry is primarily focused on the production of natural rubber, which is grown on plantations across the island. Sri Lanka is one of the world’s leading producers of natural rubber, and the industry employs over one million people, making it a significant source of employment in the country.

The rubber industry in Sri Lanka is primarily focused on the production of three types of rubber: Latex, Ribbed Smoked Sheet (RSS) and Crepe. Latex is the most commonly produced type of rubber in Sri Lanka, accounting for around 70% of total rubber production. RSS and Crepe rubber are also produced in significant quantities, with RSS accounting for around 25% of total production and Crepe accounting for the remaining 5%.

In addition to rubber production, the industry in Sri Lanka also includes the manufacture of a wide range of rubber-based products. These include rubber gloves, tires, rubber mats, rubber bands, and other rubber-based products. These products are exported to countries around the world, with the United States, China, and India being major markets for Sri Lankan rubber products.

The rubber and rubber-based products industry in Sri Lanka is also supported by a number of government policies and initiatives. These include tax incentives for rubber producers and manufacturers, as well as subsidies for the development of new rubber-based products.

In conclusion, the rubber and rubber-based products industry in Sri Lanka is a vital sector that contributes significantly to the country’s economy. The country is one of the world’s leading producers of natural rubber, and the industry employs over one million people. The industry also includes the manufacture of a wide range of rubber-based products, which are exported to countries around the world. Government policies and initiatives also support the industry.

Key takeaways:

• Sri Lanka is a major producer of natural rubber and rubber-based products.
• The rubber industry in Sri Lanka primarily produces latex, ribbed smoked sheet (RSS),, and crepe rubber.
• Rubber-based products such as gloves, tires, mats, and rubber bands are also manufactured in Sri Lanka and exported globally.
• Government policies and initiatives support the industry.