EDB is organizing the Sri Lanka country Pavilion at Vietnam International Trade Fair (Vietnam Expo), to be held from 7th to 9th December 2023 in Vietnam in collaboration with Sri Lanka Embassy in Vietnam with the presence of five (5) Sri Lankan export companies to promote Electrical & Electronic products, Rubber & rubber based products, Ceylon Tea, Eco friendly paint products, Batik Products and Cinnamon products.
Rubber and rubber-based products have long been among the best-known exports from Sri Lanka. Rubber (Hevea brasiliensis) cultivation started in Sri Lanka in 1876 while Sri Lanka, then called Ceylon, was under British hegemony. Natural rubber is composed of long isoprene polymer chains, loosely connected.
A combination of local and global terrorism, political turmoil and natural disaster saw the local, as well as the global economy, slowing down compared to the year 2018. Sri Lanka registered a GDP growth of 2.8% during the last year against 3.3% recorded in 2018, while the global GDP also grew at a subdued rate of 2.5%, mainly due to Chinese and the USA trade tension and low growth recorded in the EU and Japan.
The future of the island’s rubber industry largely depends on how it focuses on introducing technology to develop yield, observes Dr Sisira Ranatunga, Secretary, Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP)
Last year’s Natural Rubber and Rubber-based product exports from Sri Lanka brought in revenue slightly north of US $800 million. Of this, the highest portion, amounting to nearly US $250 million, went to the USA
Natural Rubber is an elastic substance obtained from the latex sap of trees, especially those trees which belong to the genera Hevea and Ficus. Technically speaking, natural rubber is an elastomer or an elastic hydrocarbon polymer. Natural rubber is one of the types of rubber that also include vulcanized rubber which is finished into a variety of rubber products.