India: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in India

In 2021, the Indian vulcanised rubber erases market decreased by -68.7% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption showed a deep slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in India

In value terms, vulcanised rubber erases production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 6%. Vulcanised rubber erases production peaked at $X in 2020, and then contracted in the following year.

Vulcanised Rubber Erases Exports

Exports from India

In 2021, overseas shipments of erasers of vulcanised rubber were finally on the rise to reach X tons after three years of decline. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Nepal (X tons) and Denmark (X tons) were the main destinations of vulcanised rubber erases exports from India, with a combined 36% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +108.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber erases exported from India were the United Arab Emirates ($X), Nepal ($X) and Bangladesh ($X), together accounting for 38% of total exports. Yemen, Iraq, Sri Lanka, Jordan, Nigeria, Ghana, Kenya, Oman, Tanzania and Denmark lagged somewhat behind, together comprising a further 30%.

Denmark, with a CAGR of +50.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, reducing by -5.9% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +42.4% against 2016 indices. The growth pace was the most rapid in 2019 an increase of 21%. The export price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into India

In 2021, purchases abroad of erasers of vulcanised rubber decreased by -16.5% to X tons, falling for the third consecutive year after five years of growth. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 57%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 49%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main vulcanised rubber erases supplier to India, accounting for a approx. 94% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.6%.

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to India.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.9%.

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, rising by 53% against the previous year. In general, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -6.9% per year.

Source: IndexBox Platform

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