Philippines: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in the Philippines

In 2022, after five years of growth, there was decline in the Philippine natural rubber and gum market, when its value decreased by -0.1% to $X. Overall, consumption saw a noticeable slump. Natural rubber and gum consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in the Philippines

In value terms, natural rubber and gum production totaled $X in 2022 estimated in export price. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14%. Natural rubber and gum production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of natural rubber and gums in the Philippines stood at X tons per ha in 2022, approximately reflecting 2021. Overall, the yield, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 11%. The natural rubber and gum yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of natural rubber and gums in the Philippines declined to X ha, waning by -1.8% compared with 2021. The harvested area increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 17%. The natural rubber and gum harvested area peaked at X ha in 2021, and then contracted modestly in the following year.

Exports of Natural Rubber And Gums

Exports from the Philippines

In 2022, overseas shipments of natural rubber and gums decreased by -99.8% to X kg, falling for the fourth consecutive year after three years of growth. In general, exports showed a sharp decrease. The growth pace was the most rapid in 2016 when exports increased by 364%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports contracted notably to $X in 2022. Overall, exports saw a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by 301% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for natural rubber and gum exports from the Philippines, accounting for a 92% share of total exports. Moreover, natural rubber and gum exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Brazil (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at -43.7%.

In value terms, Brazil ($X) and Taiwan (Chinese) ($X) were the largest markets for natural rubber and gum exported from the Philippines worldwide.

Brazil, with a CAGR of -31.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, surging by 512% against the previous year. Overall, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into the Philippines

In 2022, natural rubber and gum imports into the Philippines skyrocketed to X tons, jumping by 16% on 2021. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 897%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, natural rubber and gum imports shrank to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 677% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Thailand (X tons), Australia (X tons) and Malaysia (X tons) were the main suppliers of natural rubber and gum imports to the Philippines, together accounting for 80% of total imports. Japan, India and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Japan ($X) were the largest natural rubber and gum suppliers to the Philippines, with a combined 71% share of total imports. Australia, India and China lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, China, with a CAGR of +65.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, waning by -24.1% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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