菲律賓橡膠產(chǎn)業(yè)路線圖-英

PHILIPPINERUBBERINDUSTRYROADMAP2022-2028EXECUTIVESUMMARYThe

Philippine

Rubber

Industry

Roadmap

2022-2028

is

a

result

of

variousconsultations

and

dialogues

with

the

rubber

industry

stakeholders

from

the

private

andgovernment

sectors.

This

is

a

successor

plan

of

the

Philippine

Rubber

IndustryRoadmap

2017-2022.

One

of

the

key

initiatives

in

the

roadmap

is

the

creation

of

thePhilippine

Rubber

Industry

Board

that

would

oversee

the

implementation

of

the

variousprograms

of

government

agencies

and

private

sector

organizations

in

the

developmentof

therubberindustry.The

Philippine

Rubber

Industry

consists

of

key

players

from

upstream,

mid-stream,and

downstream

sectors.

Upstream

sector

is

composed

of

suppliers

of

inputs,

rubberplanters

producing

latex

and

cup

lumps.

Midstream

sector

includes

processors

ofTechnically

Specified

Rubber

(crumb

rubber

and

air-dried

sheets),

latex

concentrate,traders

and

exporters

ofTSR/SPR.

The

downstream

sector

includes

manufacturers

oftires,

automotive

parts,

sports

products

particularly

tennisballs,

andfootwears.

Thereis

an

untapped

industry

in

manufacturing

of

health

and

medical

devices,

like

gloves,condoms,

baby

feeding

nipples

and

other

products

from

latex

concentrate.

There

isalso

a

potential

in

producing

rubberized

asphalt

and

other

innovative

and

emergingrubber-basedproducts.The

upstream

and

mid-stream

activities

are

mostly

located

in

Mindanao

whiledownstream

is

in

Luzon

and

Visayas.

Mindanao

will

soon

host

the

biggest

tennis

ballmanufacturerinthe

world.

With

theexistence

of

DunlopinBataan,the

Philippineswillbecomethe

largesttennisballsupplierintheworld.The

rubber

industry

is

envisioned

to

be

inclusive,

globally

competitive

and

resilientindustry

providing

sustainable

benefits

to

all

stakeholders

by

developing

a

cost-competitive,

quality-driven,

supply-reliable,

innovative

products-diversified

value

chainfrom

primary

production

to

manufacturing

and

marketing

of

rubber-based

productsundersustainable

practices.The

goal

is

to

increase

the

benefits

of

all

the

stakeholders

in

the

rubber

industry

therebyspreading

the

gains

down

to

the

smallholders

in

the

remote

barangays

in

all

rubber-producing

provinces

in

the

regions.

By

the

end

of

2028,

the

industry

shall

haveestablished

the

Philippine

Rubber

Industry

Development

Board;

increased

the

numberof

accredited

plant

nurseries

and

budwood

gardens

(government

and

privateowned);expanded

total

area

planted

using

certified

planting

materials

under

NSICregistered

varieties;

improved

farm

productivity;

increased

investments

in

rubberplantation,

processing

plants

and

rubber

products

manufacturing

resulting

in

increasedexportofprocessedandmanufacturedrubberproductsandreducedimportof

naturalrubber

by

majorrubber-basedmanufacturers.The

plan

outlines

the

development

strategies

in

achieving

the

goals

of

the

PhilippineRubber

Industry

including

the

creation

ofan

institution

that

will

orchestrate,

coordinateand

oversee

the

implementation

of

programs

and

projects

of

the

government

andprivatesector,

andensureaunified

direction

for

theindustry.

Thedevelopmentoftheindustry

requires

the

certification

of

new

rubber

clones

and

use

of

NSIC

certifiedplanting

materials

from

accredited

nurseries

and

certified

budwood

gardens.

Likewise,it

focuses

on

the

adoption

of

Good

Agricultural

Practices

(GAP)

and

transfer

of

newPhilippineRubberIndustryRoadmap

2022-2028iand

innovative

technologies

for

midstream

and

downstream

sectors.

The

plan

givespriority

to

intensified

research,

development

and

extension

services

to

improvetechnology

in

production,

processing

and

manufacturing.

It

gives

emphasis

on

theprovision

of

support

to

farmers

through

farm

mechanization

and

modernization,

andproduct

qualityimprovement

conformantto

nationalandinternationalstandards.The

roadmap

advocates

for

the

active

promotion

of

investment

opportunities

in

themanufacture

of

rubber-based

products

for

domestic

and

international

markets.

Theplan

pushes

for

sustained

membership

to

and

linkages

with

national

internationalindustry

organizations

to

facilitate

seamless

exchange

of

information

to

keep

abreastwithdevelopmentsacrosstheglobalrubbervaluechain.

The

planstrongly

pushes

forthecreationofnew

financial

facilitiestofarmersand

otherindustry

stakeholders.This

document

includes

the

Philippine

Rubber

Industry

Cluster

Action

Plan

(2022-2028)

providing

in

details

various

programs,

projects,

and

activities

of

governmentagencies

allied

to

the

development

of

the

industry.

The

PHLRUBBER

which

wascreated

by

the

Department

of

Trade

and

Industry

on

June

22,

2012

as

a

TechnicalWorking

Group

serves

as

an

anchor

organization

that

coordinates

and

monitors

theimplementation

of

the

cluster

action

plan

and

submit

progress

reports

to

the

topmanagementof

themember-agenciesandinstitutions.PhilippineRubberIndustryRoadmap

2022-2028iiPhilippineRubberIndustryRoadmap

2022-2028iiiPhilippineRubberIndustryRoadmap

2022-2028ivPhilippineRubberIndustryRoadmap

2022-2028vPhilippineRubberIndustryRoadmap

2022-2028viPhilippineRubberIndustryRoadmap

2022-2028viiPhilippineRubberIndustryRoadmap

2022-2028viiiTABLEOFCONTENTSPageExecutiveSummaryi-iiiiiDTISecretary’sMessageDA

Secretary’sMessageivDOSTSecretary’sMessageDARSecretary’sMessageDA-HVCNBPC-RubberChairperson’sMessagePHLRUBBERChairperson’s

MessageContentsvviviiviiiix-xxiListofFiguresListofTablesxi-xiixiii-xvAcronymsI.

INDUSTRYSITUATIONERA.

WorldRubberIndustry

Situationer1.

WorldRubber

Production2.

WorldAnnualProductivity3.

WorldRubberConsumption4.

WorldProjected

Production&Consumption5.

Short

TermMarketProspectB.

PhilippineRubber

Industry

Profile1.

Industry

Structure1-223456-89-10102.

AreaPlantedto

Rubber3.

AreaHarvested/Tapped4.

NaturalRubberProduction5.

MarketPerformance11-121)

Supply

Chainof

Philippine

NaturalRubber2)

DomesticMarket12-1313-14143)

Rubber

Tradingand

AuctionCenters4)

ExportMarket15-1616-176.

Rubber

PriceManagementSystemC.

ValueChainOperators1.

Industry

Associations18-19PhilippineRubberIndustryRoadmap

2022-2028ixTABLEOFCONTENTS2.

ProcessorsofTSR/SPR(CrumbRubber&ADS/RSS)19-203.

Rubber-basedProductManufacturers4.

YokohamaTirePhilippines,Inc(YTPI)2121-225.

Rubber-basedManufacturerslocatedinPEZAExportProcessingZones236.

RubberwoodProcessingFacilities7.

EnablesandSupporters23-2424-25II.

INDUSTRYPERFORMANCEA.

Five-YearMilestones27-29B.

PerformanceHighlights1.

ProductionandProductivity

Improvement2.

ProcessingandManufacturing3.

Domestic

andExport

Market30-3535-4141-4748-5253-5556-674.

Research

and

DevelopmentExtension5.

FinancingandInvestment6.

Information

&Policy

Formulation&AdvocacyIII.

INDUSTRYROADMAPA.

ChallengesandOpportunitiesB.

Vision68-7071C.

Mission71D.

Goals71E.

Objectives71F.

DevelopmentStrategiesG.

MajorDevelopmentProjectsH.

Industry

PerformanceIndicators727374-78I.

Budgetary

RequirementsforRubberPlantationandProduction7980J.

ImplementingOrganizationsANNEXPhilippineRubber

Industry

Cluster

Action

Plan2022-2028PhilippineRubberIndustryRoadmap

2022-2028xLISTOFFIGURESNUMBERTITLEPAGENUMBER1WorldNRShareperCountry22GlobalConsumptionofNR3WorldProjectedTrendsinProductionandConsumption34ValueChainMapofRubberandRubber-basedProductsPercentageShareofRegionsinAreaPlantedtoRubber457-810PercentageShareofRegionsinNRProductionVolumePhilippineNaturalRubberGlobalLinkEstimatedConsumptionofLocalManufacturers(MT)678111313PhilippineExportValueof

RubberandRubber-basedProducts(inUSD)ExportDestinationofRubber

and

Rubber-basedProducts91516101112PriceTrendof

Cuplump,2016-March

2020YTPINRConsumptioninMT(1991-2021)1722Industry

Constraintand

OpportunitiesperValueChainFunction1369-701415Industry

PerformanceIndicators’Target75-7680PHLRUBBEROrganizationalStructureLISTOFTABLESTITLENUMBERPAGENUMBER1ProductionofNatural

Rubber(‘000MT)12345AverageAnnualYield(inMT)23ConsumptionofNaturalRubber(‘000MT)AreaPlantedto

Rubberby

RegionAreaHarvested(inhectares)910ProductionVolumeof

NRby

Region

(inMTDR)678121920No.ofVillage-TypeADS/RSSProcessorsAnnualCapacity

ofTSR/SPRProcessingPlantsPercentageShareofYTPI

NRConsumptionbyCountry

Source922PhilippineRubberIndustryRoadmap

2022-2028xiNUMBERTITLENumberof

RegisteredEnterprisesintoManufacturingof

RubberProductslocatedinPEZAPAGENUMBER1023PhilippineRubberIndustry

EnablersandSupporters11251213RubberIndustry

PerformanceMilestoneAccreditedRubberNurseries28-2930TrainingsConductedbyvariousPHLRUBBERMembersInternationalStandardsonRubber

andRubberProducts

forHarmonization141533411617ListofPCAFEndorsedResolutions6477Source

of

PlantingMaterialsPhysicalTargetsforRubberPlanting,ModelFarmandTechno-Caravan18197878ProductionVolumeTargetPhilippineRubberIndustryRoadmap

2022-2028xiiACRONYMSACCSQ-RBPWG

ASEANConsultativeCommitteeonStandardsand

Quality

–Rubber

BasedProducts

Working

GroupADSAir-driedsheetANRPCBARMMCMUAssociationofNatural

Rubber

ProducingCountriesBangsamoro

AutonomousRegioninMuslimMindanaoCentralMindanaoUniversityDADepartment

ofAgricultureDA-BAFSDA-BARDA-BPIDA-PhilMechDA-Bureauof

Agricultureand

FisheriesStandardsDA-Bureauof

AgriculturalResearchDepartment

ofAgriculture-BureauofPlantIndustryDA-PhilippineCenter

forPostharvestDevelopmentandMechanizationDARDepartment

ofAgrarianReformDBPDevelopmentBankof

thePhilippinesDepartment

ofEnvironmentandNaturalResourcesDENR-NationalGreeningProgramDENRDENR-NGPDILGDepartment

ofthe

InteriorandLocalGovernmentDeLaSalleUniversityDLSUDOLEDepartment

ofLaborandEmploymentDepartment

ofScienceand

TechnologyDOST-Industrial

Technology

DevelopmentInstituteDOST-ForestProductsResearch

andDevelopmentInstituteDOSTDOST-ITDIDOST-FPRDIDOST-PCAARRD

DOST-PhilippineCouncilfor

Agriculture,AquaticandNaturalResourcesResearchandDevelopmentDOST-PCIEERRD

DOST-PhilippineCouncilforIndustry,EnergyandEmergingTechnology

ResearchandDevelopmentDRDry

RubberDRCDry

RubberContentDTIDepartment

ofTradeandIndustryDTI-Bureauof

PhilippinesStandardsDTI-ExportsMarketing

BureauGood

AgriculturalPracticesDTI-BPSDTI-EMBGAPPhilippineRubberIndustryRoadmap

2022-2028xiiiIECInformation,Educationand

CommunicationInternationalMonitory

FundIMFIRRDBIRSGISOInternationalRubberResearchandDevelopmentBoardInternationalRubberStudy

GroupInternationalOrganizationfor

StandardizationIndustry

StrategicPlanISPISUIsabelaStateUniversityITRCJICAJRMSULBPInternational

TripartiteRubberCouncilJapanInternationalCooperationAgencyJoseRizalMemorialStateUniversityLandbankofthePhilippinesLGULocalGovernmentUnitsLSMLocalStudy

MissionMREMTMalaysianRubberExchangeMetricTonsNCNorthCotabatoNCIINRNationalCertificateIINaturalRubberPEZAPHIRMAPHLRUBBERPNSPhilippineEconomicZoneAuthorityPhilippineRubberManufacturers’AssociationPhilippineRubber

Technical

Working

GroupPhilippineNationalStandardPPAProjects,Programsand

ActivitiesPioneerRubberProductsCorp.PlatinumRubberDevelopment,IncPhilippineRubberIndustriesAssociation,Inc.PhilippineRubberInvestmentand

MarketEncounterPhilippineRubberFarmers’AssociationPhilippineRubberResearchInstitutePhilippineRubber

TestingCenterPhilippineStatisticsAuthorityPPRPCPRDIPRIAPRIMEPRFAPRRIPRTCPSARDEResearchDevelopmentandExtensionRubberIndustriesAssociationofthe

PhilippinesDTI-RubberIndustry

ClusterGroupRIAPRICGPhilippineRubberIndustryRoadmap

2022-2028xivRPMCRPMSRSSRubber

PriceManagementCommitteeRegionalPriceManagementSystemRibbedSmokedSheetsSBCorpSET-UPSLSUSmallBusiness

CorporationSmallEnterpriseTechnology

UpgradingProgramSouthernLuzonStateUniversityStandard

PhilippineRubberSPRSSFSharedServiceFacilitiesTESDATSRTechnicalEducationandSkillsDevelopmentAuthorityTechnically

SpecifiedRubberUSMUniversity

ofSouthernMindanaoUnited

WorkersAgrarian

ReformBeneficiariesMulti-PurposeCooperativeUWARBMPCWESMAARRDEC

WesternMindanaoAgricultureandAquaticResourcesResearchandDevelopmentConsortiumWMSUWPUWesternMindanaoStateUniversityWesternPhilippineUniversityYokohamaTirePhilippines,Inc.ZamboangaPeninsulaYTPIZamPenZamPenRUBBER

ZamboangaPeninsula

RubberIndustry

ClusterTeamZDNZamboangadelNorteZSPZamboangaSibugayZSP-RIDBZamboangaSibugay

ProvincialRubberIndustry

DevelopmentBoardPhilippineRubberIndustryRoadmap

2022-2028xvPhilippineRubberIndustryRoadmap

2022-20280I.

RUBBERINDUSTRYSITUATIONERA.

THE

WORLDRUBBERINDUSTRY1.

WORLDRUBBERPRODUCTIONThe

Covid-19

Pandemic

has

adversely

affected

almost

all

industries

worldwideincluding

the

rubber

industry

most

particularly

the

production

of

natural

rubberindicatingreduction

inthe

volume

of

supplyduringthe

last

two

(2)

yearsalbeit

stillhigher

compared

to

previous

years.

Based

on

the

report

of

the

Association

ofNatural

Rubber

Producing

Countries

(ANRPC),

the

world

natural

rubber

(NR)production

recorded

at

13.842

million

metric

tons

in

2021

which

is

1.8%

highercomparedto

2020production.Table1ProductionofNatural

Rubber(‘000

MT)Quantity2019AnnualGrowthRate(%)2018

2019

2020

2021CountriesThailand20174,4293,6801,0956047987137401932421787820184,9743,6301,1386248186606032202271861011001068320204,8633,0371,2269506936855153492671911541091067820214,6733,1221,2039654,8513,3011,1838088137026402882601891301021087512.3-1.43.9-2.5-9.13.90.2-8.03.7-3.92.8IndonesiaVietNamCoted'IvoireChina-1.91.63.429.417.68512.5-0.7

-14.86.4

-2.46.1

-19.622.915.81.0India793-7.4MalaysiaCambodiaMyanmarBrazil520

-18.53682912001551091377813.9-6.34.530.721.52.95.414.71.68.81.14.7Laos29.60.228.12.018.66.90.5GuatemalaPhilippinesSriLankaBangladesh10010283-0.329.6-0.311.94.02.0-2.14.6-0.77.1-9.52.22123232225-4.8PapuaNewGuinea666660.00.1-3.23.6All

Others3203413613443486.65.9-4.71.1WorldTotal13,381

13,8389

13,838

13,594

13,8423.40.0-1.81.8ANRPCNaturalRubberTrendsandStatistics,January-February2022PhilippineRubberIndustryRoadmap

2022-20281Philippines1%Malaysia4%India5%China6%Coted’

IvoireOthercountries11%7%Vietnam9%Indonesia23%Thailand34%Figure1:WorldNRShare

perCountryAnalysis

of

world

NR

production

released

by

ANRPC,

shows

that

Thailand

is

stillthe

major

supplier

of

NR

contributing

4.683

million

metric

tons

which

represents34%

of

the

world

production.

While

Indonesia

and

Vietnam

shared

23%

and

9%,respectively.Othercountrieshaveless

thana

million

MT

production(Figure1).2.WORLD

ANNUAL

PRODUCTIVITYTRENDViet

Nam

has

been

consistently

the

first

in

terms

of

annual

yield

among

rubberproducing

countries

for

the

past

ten

years.

As

of

2021,

Viet

Nam

has

recorded

anannual

productivity

of

1.682

metric

tons

followed

by

India

and

Thailand

with

1.571metric

tons

and

1.434

metric

tons,

respectively.

On

the

other

hand,

Philippines

isone

of

the

countries

with

the

lowest

annual

production

yield

among

rubberproducingcountries.

In

fact,from

2017

to2021,

the

annual

yield

of

the

Philippinesranged

from

0.70

to

0.715

metric

tons

showing

practically

no

improvement

onproductivity

over

thelast

fiveyears.

Worst

more,ANRPC

projectedthatthe

annualproductivity

of

the

Philippines

in

2022

will

even

go

down

to

as

low

as

0.685

metrictons

asreflectedinTable2.Table2Average

AnnualYield

(inMT)SriLanka1.645VietNam1.728Year

Cambodia

China

India

Indonesia

Malaysia

Myanmar

PhilippinesThailand20131.0861.261

1.6751.208

1.5761.117

1.4711.075

1.4021.073

1.4981.0821.4000.7631.1211.4992014201520162017201820192020202120221.0731.141.0521.0361.1041.2051.1611.0251.0181.0401.0611.371.4101.400.7650.7550.7680.7760.8490.7970.7850.685-0.9420.8510.6940.7000.7100.7100.7100.7150.6851.1820.9780.8170.8090.7610.6580.6490.6330.7191.4881.5171.4711.4491.5531.4831.4771.4341.4341.6961.6761.6661.6761.661.1431.1361.091.451.071.055

1.4390.93

1.3811.4731.431.1481.1941.1861.2121.461.6691.6821.6821.7191.4151.421.099

1.5711.095

1.4651.435ANRPCNaturalRubberTrendsandStatistics,January-February2022PhilippineRubberIndustryRoadmap

2022-202823.WORLDRUBBERCONSUMPTIONThe

same

report

released

by

the

ANRPC

indicates

that

the

world

consumption

ofNR

has

registered

a

strong

growth

of

8.5%

in

2021

due

to

a

better-recoveryobserved

in

major

consuming

countries

such

as

China,

India

and

USA

whichresultedin

thegrowth

of

theworlddemandforrubber.Table3ConsumptionofNaturalRubber(‘000MT)Quantity2019AnnualGrowthRate(%)2018

2019

2022

2021-0.5

5.4CountriesChinaIndiaEU-27&UKUSA20172018202020215,3861,0821,236958679653619518+3913842145,6921,2201,2319877066276265423993675,6741,1441,19110037147746405454043542301981401277905,6471,0401,0298065816925985433522985,9491,2401,1509256666626155283983335.712.7-0.43.0-0.3-6.3-3.21.71.123.52.3-9.0-13.6-19.7-18.7-10.6-6.619.211.714.814.7-4.32.8Japan4.0-4.01.1ThailandIndonesiaMalaysiaBrazilKoreaVietNamTurkeyCanadaRussianFedOthers4.62.00.51.4-3.52.2-0.90.61.2-0.050.1-0.3-2.713.211.933.421.526.211.40.078.5-12.9-16.07.6-4.55.113.811.16.42252001391252472001011123302431281251761251188110.8-27.7-11.3-064.3World13,350

13,918

13,928

12,957

14,057-7.0ANRPCNaturalRubberTrendsandStatistics,January-February2022Consumption

of

NR

by

country,

reflects

the

dominance

of

China

as

it

continues

tobe

the

top

user

of

natural

rubber

in

the

world

garnering

42%

of

the

total

globalconsumption

as

shown

in

Figure

2.

It

is

followed

by

India

and

EU-27

&

UK

at

9%and

8%,

respectively.

Other

countries

consume

less

than

8%

of

the

globalconsumption.USA8%Japan5%EU-27

&UK8%India9%Thailand5%Indonesia4%Malaysia4%China42%Others16%Figure2:

GlobalConsumptionofNRPhilippineRubberIndustryRoadmap

2022-202834.

WORLDPROJECTED

PRODUCTION&CONSUMPTIONBased

on

the

2020

report

of

International

Rubber

Study

Group

(IRSG),

there

willbeasurplus

inNR

production

of

an

averageof

132,500

metrictonsannually

from2022

to

2025.

It

is

projected

that

by

2026,

production

and

consumption

will

equalat

15.72

million

metric

tons.

Shortage

of

NR

supply

is

expected

starting

2027

to2029

due

to

projected

increase

in

global

rubber

market

size

propelled

by

heavydemands

from

the

automotive

industries

and

increasing

application

of

NR

infootwears,industrialgoods,

construction,textiles,andotherconsumerproducts.Figure3:WordProjectTrendsinProductionandConsumptionInternationalRubber

Study

Group

(IRSG)However,

based

on

the

analysis

of

Mr.

Jom

Jacob,

Rubber

Industry

Analyst,

theprojecteddemandofrubber

willstart

toincreasein

2025

by

260,000

metric

tons

oran

annual

average

increase

of

870,000

metric

tons

over

4

years.

The

increase

inconsumption

forecast

is

due

to

the

improvement

in

the

world

economic

outlookprojectedby

IMFandimprovementof

GDPofindividualcountries.PhilippineRubberIndustryRoadmap

2022-202845.

SHORTTERMMARKETPROSPECTThe

ANRPC

recently

identified

some

factors

that

may

positively

influence

the

NRmarket

despite

uncertainties

of

post-pandemic

economic

recovery.

Theorganization

reported

that

based

on

the

latest

updates

given

by

member-governments,

the

world

supply

of

NR

is

expected

to

grow

by

1.9%

to14.107

milliontons

in

2022

while

demand

is

projected

to

hit

14.232

million

tons

exhibiting

amoderateincreaseof1.2%

thisyear.TheANRPCobservedthefollowingfactors:a)

The

industry

will

experience

a

tight

supply

of

NR

in

the

coming

months

duetooff-tappingseason.b)

The

market

improvement

is

driven

by

recovering

global

manufacturingactivities,

as

well

as

positive

growth

in

auto

sales

in

major

economies,

andanticipated

strongdemandforglovesand

otherhealthcarerelated

products.c)

Post-pandemic

economic

recovery

may

be

triggered

by

the

decisions

ofsome

countries

like

Thailand

and

Malaysia

to

reopen

its

borders

to

boost

itseconomy.d)

Chinese

government’s

implementation

of

measures

to

prop

up

its

slowingeconomy

by

reducing

further

its

loan

prime

rate

to

3.7%

in

January

2022

aftera5-pointcutinDecember2021.e)

Surge

in

the

price

of

crude

oil

prices

due

to

several

factors

such

as

war

inUkraineandtheOPEC+decisionmay

influencetheNRmarket.f)

Despite

the

increase

in

the

average

weekly

inventory

level

at

ShanghaiFutures

Exchange

during

the

first

two

months

of

2022

compared

to

the

sameperiod

in

2021,

the

inventory

of

240,000

tons

is

still

lower

than

the

pre-pandemiclevelof

around435,000tons.The

reportsof

ANRPCclaimedhowever,

somefactorsmayaffectthe

recoveryoftheNRindustry

inshort-termsuchas:a)

The

Ukraine-Russia

crisis

has

led

to

a

further

soar

in

global

commodityprices.

The

crisis

may

consequently

weaken

global

economic

recoveryfollowingthesanctionsimposedonRussia.b)

Rising

inflation

driven

by

substantial

spike

in

the

prices

of

crude

oil

couldsubsequently

influenceeconomicgrowth.c)

The

lower

projection

of

economic

growth

by

International

Monetary

Fund(IMF)and

WorldBank

for2022.d)

The

expectation

of

interest

rates

hike

by

Federal

Reserve

in

March

2022couldinfluencethe

market.e)

The

increase

ininfectious

rate

of

Covid-19fromOmicron

variantmayhindernationalorglobal

economicrecovery.PhilippineRubberIndustryRoadmap

2022-20285B.

PHILIPPINERUBBERINDUSTRYPROFILE1.

INDUSTRYSTRUCTUREThe

Philippine

Rubber

Industry

consists

of

key

players

from

upstream,

mid-stream,

and

downstream

sectors.

Upstream

sector

is

composed

of

suppliers

ofinputs,rubber

planters

producinglatex

andcuplumps.Midstreamsectorincludesprocessors

of

TSR/SPR

(crumb

rubber

&

air-dried

sheets)

and

latex

concentrates,traders

and

exporters

ofTSR/SPR.

Downstream

sector

includes

manufacturers

oftires,

automotive

parts,

sports

products

particularly

tennis

balls,

and

footwears.There

are

however

untapped

opportunities

in

manufacturing

of

health

and

medicaldeviceslikegloves,condoms,baby

feedingnipplesand

otherproductsfromlatexconcentrates.

There

are

likewise

potentials

in

producing

rubberized

asphalt

andotherinnovativeand

emergingrubber-basedproducts.The

upstream

and

mid-stream

activities

are

mostly

located

in

Mindanao

whiledownstream

is

in

Luzon

and

Visayas.

Mindanao

will

soon

host

the

biggest

tennisball

manufacturing

in

the

world.

With

the

existence

of

Dunlop

in

Bataan,

thePhilippinesmightbecomethelargesttennisballsupplierintheworld.Figure

4

maps

out

various

operators

and

enablers

in

all

the

operational

nodes

oftheentireindustry

valuechain.PhilippineRubberIndustryRoadmap

2022-20286Figure4:ValueChainMapofRubberand

Rubber-basedProductsPhilippineRubberIndustryRoadmap

2022-20287PhilippineRubberIndustryRoadmap

2022-202882.

AREA

PLANTEDTO

RUBBERBased

on

the

Philippine

Statistics

Authority

(PSA)

data,

area

planted

to

rubber

inthe

Phil