India: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in India

In 2021, the Indian vulcanised rubber mats market decreased by -30.4% to $X, falling for the second consecutive year after eight years of growth. Over the period under review, consumption continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 7.2% against the previous year. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Mats Production in India

In value terms, vulcanised rubber mats production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Vulcanised rubber mats production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports from India

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were exported from India; with an increase of 68% on the previous year. Overall, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats exports surged to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine-year period. 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.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from India, accounting for a 23% share of total exports. Moreover, vulcanised rubber mats exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. Ireland (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.3% per year) and Ireland (+5.1% per year).

In value terms, the United States ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from India, comprising 26% of total exports. The second position in the ranking was held by the UK ($X), with an 8.8% share of total exports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.5% per year) and the Netherlands (+8.9% per year).

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, dropping by -11.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and France ($X per ton), while the average price for exports to Ireland ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into India

Vulcanised rubber mats imports into India skyrocketed to X tons in 2021, increasing by 23% compared with the previous year's figure. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 94% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 50% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber mats supplier to India, with a 57% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+52.4% per year) and the United Arab Emirates (+60.2% per year).

In value terms, China ($X), Germany ($X) and Malaysia ($X) constituted the largest vulcanised rubber mats suppliers to India, together accounting for 61% of total imports. These countries were followed by South Korea, Belgium, the United Arab Emirates, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 20%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +34.6%, 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 vulcanised rubber mats import price stood at $X per ton in 2021, growing by 5% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 7.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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