India: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in India

In 2021, after six years of growth, there was decline in the Indian reclaimed rubber market, when its value decreased by -2.6% to $X. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.5% against 2013 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Reclaimed Rubber Production in India

In value terms, reclaimed rubber production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% 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 2013 when the production volume increased by 53% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Reclaimed Rubber Exports

Exports from India

In 2021, after two years of decline, there was significant growth in shipments abroad of reclaimed rubber, when their volume increased by 26% to X tons. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, reclaimed rubber exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 67%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Sri Lanka (X tons) and the United States (X tons) were the main destinations of reclaimed rubber exports from India, with a combined 49% share of total exports. These countries were followed by Thailand, South Korea, Germany, Turkey, Vietnam, Portugal, Japan, Brazil, the Philippines and South Africa, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Sri Lanka ($X) appeared to be the largest markets for reclaimed rubber exported from India worldwide, together accounting for 47% of total exports. These countries were followed by Thailand, South Korea, Turkey, Germany, Portugal, Brazil, Japan, Vietnam, the Philippines and South Africa, which together accounted for a further 39%.

Among the main countries of destination, South Korea, with a CAGR of +22.6%, 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 reclaimed rubber export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 34%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Sri Lanka ($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 the Philippines (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into India

After four years of growth, overseas purchases of reclaimed rubber decreased by -2.2% to X tons in 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 215% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports reduced markedly to $X in 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 195% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Oman (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of reclaimed rubber imports to India, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +575.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), the United States ($X) and Malaysia ($X) constituted the largest reclaimed rubber suppliers to India, with a combined 84% share of total imports.

Oman, with a CAGR of +450.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, falling by -22.7% against the previous year. In general, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Sri Lanka ($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 (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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