India: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in India

The Indian natural rubber and gum market fell slightly to $X in 2022, shrinking by -2.5% against the previous year. In general, consumption recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the market value increased by 7.1% against the previous year. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Rubber And Gums in India

In value terms, natural rubber and gum production fell to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 5.8%. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of natural rubber and gums in India fell slightly to X tons per ha in 2022, almost unchanged from the year before. In general, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 3.3%. Over the period under review, the average natural rubber and gum yield hit record highs at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in India fell to X ha, waning by -3.5% compared with 2021 figures. Over the period under review, the harvested area continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the harvested area increased by 7.6% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from India

In 2022, overseas shipments of natural rubber and gums decreased by -67.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 626% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural rubber and gum exports reduced sharply to $X in 2022. In general, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 855% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nepal (X tons), Sri Lanka (X tons) and Saudi Arabia (X tons) were the main destinations of natural rubber and gum exports from India, together accounting for 80% of total exports. The United Arab Emirates, Oman, Spain, the United States, Israel, Italy and Germany lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural rubber and gum exported from India were Nepal ($X), Sri Lanka ($X) and Saudi Arabia ($X), with a combined 75% share of total exports.

Among the main countries of destination, Nepal, with a CAGR of +16.4%, 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 natural rubber and gum export price stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Rubber And Gums

Imports into India

Natural rubber and gum imports into India soared to X tons in 2022, jumping by 19% on the previous year. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 175% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports skyrocketed to $X in 2022. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 120% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of natural rubber and gum imports to India, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) constituted the largest natural rubber and gum suppliers to India, with a combined 98% share of total imports.

Malaysia, with a CAGR of +20.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2017 an increase of 31%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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