Report Update: Apr 27, 2024

India - Unvulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Unvulcanised Rubber Price in India - 2023

Unvulcanised Rubber Price in India (CIF) - 2023

In July 2023, the average unvulcanised rubber import price amounted to $1,841 per ton, flattening at the previous month. In general, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 10% m-o-m. As a result, import price attained the peak level of $2,369 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($4,996 per ton), while the price for Malaysia ($1,530 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Unvulcanised Rubber Price in India (FOB) - 2023

In July 2023, the average unvulcanised rubber export price amounted to $3,162 per ton, growing by 31% against the previous month. Over the period under review, the export price, however, saw a mild decline. The growth pace was the most rapid in January 2023 when the average export price increased by 65% month-to-month. Over the period under review, the average export prices attained the maximum at $4,229 per ton in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was South Africa ($3,522 per ton), while the average price for exports to Bahrain ($2,280 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+57.7%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanised Rubber Imports in India

In 2022, the amount of unvulcanised rubber imported into India skyrocketed to 87K tons, growing by 29% compared with 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanised rubber imports surged to $196M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Unvulcanised Rubber in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	65.1	50.1	62.5	78.0	6.2%
Malaysia	23.7	35.6	48.9	61.1	37.1%
Germany	10.7	8.3	10.9	13.7	8.6%
South Korea	9.1	9.3	11.0	13.7	14.6%
Indonesia	1.2	3.6	10.7	13.3	123.0%
Others	9.1	10.6	12.1	16.2	21.2%
Total	119	117	156	196	18.1%

Top Suppliers of Unvulcanised Rubber to India in 2022:

Thailand (35.3K tons)
Malaysia (33.3K tons)
Indonesia (6.6K tons)
South Korea (4.1K tons)
Germany (3.8K tons)

Unvulcanised Rubber Exports in India

For the fourth year in a row, India recorded growth in shipments abroad of unvulcanised rubber, which increased by 11% to 4K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, unvulcanised rubber exports surged to $11M in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 99% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Export of Unvulcanised Rubber in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	1.6	3.7	3.5	4.6	42.2%
United Arab Emirates	1.4	2.6	1.3	1.8	8.7%
Chile	0.9	1.2	1.3	1.7	23.6%
Sri Lanka	N/A	0.1	1.1	1.4	274.2%
Bahrain	0.4	0.6	0.4	0.5	7.7%
Others	0.6	1.4	0.4	0.7	5.3%
Total	4.8	9.6	7.9	10.6	30.2%

Top Export Markets for Unvulcanised Rubber from India in 2022:

South Africa (1404.9 tons)
United Arab Emirates (1143.3 tons)
Chile (572.7 tons)
Sri Lanka (474.1 tons)
Bahrain (142.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unvulcanised rubber market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22192013 - Rubber compounded with carbon black or silica, unvulcanised

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023