India: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in India

After six years of growth, the Indian rubber-to-metal and moulded article market decreased by -1.1% to $X in 2021. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.6% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell modestly in the following year.

Production of Rubber-to-Metal and Moulded Articles in India

In value terms, rubber-to-metal and moulded article production declined slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.6% against 2012 indices. The growth pace was the most rapid in 2018 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Exports of Rubber-to-Metal and Moulded Articles

Exports from India

After three years of decline, overseas shipments of rubber-to-metal and moulded articles increased by 34% to X tons in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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), Germany (X tons) and the UK (X tons) were the main destinations of rubber-to-metal and moulded article exports from India, with a combined 38% share of total exports. Spain, Thailand, Italy, Poland, Brazil, Australia, the United Arab Emirates, Saudi Arabia, the Netherlands and Austria lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +70.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber-to-metal and moulded article exported from India were the United States ($X), Germany ($X) and Spain ($X), together accounting for 42% of total exports. These countries were followed by the UK, Thailand, Italy, Austria, Brazil, Poland, Australia, the Netherlands, the United Arab Emirates and Saudi Arabia, which together accounted for a further 28%.

Among the main countries of destination, Austria, with a CAGR of +68.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, increasing by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Saudi Arabia ($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 Italy (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into India

In 2021, the amount of rubber-to-metal and moulded articles imported into India soared to X tons, jumping by 60% against 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber-to-metal and moulded article to India, accounting for a 27% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+16.0% per year) and South Korea (+0.7% per year).

In value terms, the largest rubber-to-metal and moulded article suppliers to India were Singapore ($X), the United States ($X) and China ($X), with a combined 40% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +17.1%, saw the highest growth rate of 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

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, reducing by -16.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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