National Rubber Availability Projected to Continue Increasing Until 2024

National rubber availability is projected to continue increasing until 2024. However, the Ministry of Agriculture (Kementan) projects a slight decrease in national rubber availability in 2021.

National rubber availability is estimated to decrease to 865,500 tons in 2021, a 3.76% decrease compared to 2020. This is expected due to a slight decrease in rubber production, while net export volume is projected to increase by 0.27%.

In 2022, national rubber availability is expected to increase by 3.16% to 892,830 tons. This is because rubber production is expected to increase by 2%, while net export volume only increases by 1.62%, thus increasing domestic supply.

Then in 2023 and 2024, national rubber availability for domestic consumption is projected to continue increasing, reaching 916,590 tons and 939,360 tons respectively. This is because the growth rate of rubber production is higher than the growth rate of net export volume, while import volume tends to remain constant.

Kementan notes that Indonesia's rubber shows a surplus availability that continues to increase, meaning Indonesian rubber is indeed intended for export. The projected increase in rubber surplus indicates that the potential for Indonesian rubber exports can still be further increased, but with the expectation of better quality and price.