India: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in India

In 2021, the Indian prepared rubber accelerators market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared rubber accelerators consumption peaked in 2021 and is expected to retain growth in the near future.

Prepared Rubber Accelerators Production in India

In value terms, prepared rubber accelerators production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Prepared Rubber Accelerators Exports

Exports from India

For the third consecutive year, India recorded growth in shipments abroad of prepared rubber accelerators, which increased by 16% to X tons in 2021. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, 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.

In value terms, prepared rubber accelerators exports soared to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.5% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for prepared rubber accelerators exports from India, with a 38% share of total exports. Moreover, prepared rubber accelerators exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.8% per year) and Thailand (+1.3% per year).

In value terms, the largest markets for prepared rubber accelerators exported from India were Malaysia ($X), the United States ($X) and Thailand ($X), with a combined 55% share of total exports. China, Brazil, Sri Lanka, France, Bangladesh, Turkey, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Brazil, with a CAGR of +17.6%, recorded the highest rates of growth with regard to 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

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, rising by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into India

In 2021, purchases abroad of prepared rubber accelerators was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 43%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared rubber accelerators imports surged to $X in 2021. Overall, imports showed buoyant growth. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of prepared rubber accelerators to India, with a 74% share of total imports. Moreover, prepared rubber accelerators imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was held by Spain (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.0% per year) and Spain (+26.1% per year).

In value terms, China ($X) constituted the largest supplier of prepared rubber accelerators to India, comprising 72% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.9% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.6% per year) and the United States (+5.5% per year).

Import Prices by Country

The average prepared rubber accelerators import price stood at $X per ton in 2021, rising by 33% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :