In an effort to develop the rubber industry, The Philippines, under the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB), is planning various initiatives such as investment promotions and trade fairs/expositions both domestically and internationally. The country has included rubber as a value crop in agribusiness, like mangoes and banana. The exports of natural rubber (NR) from the Philippines were comprised of tyres, automotive/industrial products, footwear and latex-based products. The Philippine government will thus focus on strengthening the production/processing of NR in agribusiness and address binding constraints, such as supply and value-chain gaps, access to technologies and finance, weak regulatory and certification system, lack of infrastructure, and research and development.
Global consumption of NR is expected to reach some 15.24 million metric tonnes by 2022, driven by an anticipated improvement in the global economic outlook and strong growth of the automotive and health-care sectors – the Philippines is currently among the top producers of NR globally.
In 2018, the production volume of rubber in the Philippines was approximately 423.4 thousand metric tons. In the same year, the production value of rubber in the country was around 9.9 billion Philippine pesos.