The natural rubber production in Indonesia from 2013 to 2023 has shown fluctuations with periods of growth and decline. Notably, in 2023, the production stood at 3.79 million metric tons, marking a 1.67% increase year-on-year from 2022. The compound annual growth rate (CAGR) for the past five years up to 2023 was a modest 0.87%, reflecting a period of moderate growth after overcoming a significant dip in 2020.
Key trends observed over the years include:
- 2013-2017: Mostly positive growth with a remarkable increase in 2017, reaching 11.29% year-on-year.
- 2018-2020: Production experienced downward adjustments, culminating in a drastic 13.36% decline in 2020.
- 2021-2023: Recovery phase with notable rebound in 2021 at 22.65% year-on-year growth, stabilizing to moderate increases up to 2023.
Looking ahead, the forecast for the next five years suggests a CAGR of 1.3%, anticipating a consistent upward trend with an overall growth rate of 6.65% by 2028. Factors influencing future trends to watch for include technological advancements in rubber cultivation, shifts in global market demand, sustainability practices, and potential impacts of climate change on rubber plantations.
