What Challenges are the Rubber and Rubber based product industry in Sri Lanka?

The rubber and rubber-based product industry in Sri Lanka is facing a number of challenges in recent years. One of the main challenges is the fluctuation of rubber prices in the global market. The rubber market is highly dependent on the global demand and supply, and the prices of rubber can be affected by factors such as weather conditions, disease, and changes in global economic conditions. This can make it difficult for rubber farmers and manufacturers to plan for the future and can affect their income.

Another challenge facing the industry is the increasing competition from other countries. Sri Lanka is facing competition from other rubber-producing countries such as Thailand and Vietnam, which can make it difficult for Sri Lankan rubber and rubber-based products to compete on price.

The industry is also facing a shortage of skilled labor. Many rubber plantation owners and manufacturers are finding it difficult to find skilled workers who are able to operate modern machinery and carry out advanced manufacturing processes. This can slow down production and make it more difficult to compete with other countries.

Climate change is also a major challenge for the rubber industry in Sri Lanka. The country is prone to extreme weather events such as floods and droughts which can damage rubber trees and reduce yields. Additionally, the rising temperature and unpredictable rainfall patterns make the industry more challenging and uncertain.

In conclusion, the rubber and rubber-based product industry in Sri Lanka is facing a number of challenges, including fluctuation of rubber prices, increasing competition from other countries, shortage of skilled labor and Climate change. These challenges can make it difficult for the industry to remain competitive and can affect the income of rubber farmers and manufacturers.

Note:

• Rubber prices are fluctuating and depend on global demand and supply.
• Sri Lanka is facing competition from other rubber-producing countries such as Thailand and Vietnam.
• The industry is facing a shortage of skilled labor.
• Climate change is also a major challenge for the rubber industry in Sri Lanka, the country is prone to extreme weather events such as floods and droughts which can damage rubber trees and reduce yields.

The rising temperature and unpredictable rainfall patterns make the industry more challenging and uncertain.