India: Unvulcanized Rubber Market 2025

Unvulcanized Rubber Market Size in India

The Indian unvulcanized rubber market rose significantly to $X in 2022, increasing by 11% against the previous year. Overall, consumption recorded a prominent increase. Unvulcanized rubber consumption peaked in 2022 and is likely to continue growth in years to come.

Unvulcanized Rubber Production in India

In value terms, unvulcanized rubber production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 18%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Unvulcanized Rubber Exports

Exports from India

In 2022, shipments abroad of unvulcanized rubber and articles thereof increased by 1.7% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 105% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, unvulcanized rubber exports amounted to $X in 2022. In general, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for unvulcanized rubber exports from India, accounting for a 17% share of total exports. Moreover, unvulcanized rubber exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Israel (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.7% per year) and Israel (+36.2% per year).

In value terms, the United States ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from India, comprising 23% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 4.7% share of total exports. It was followed by Turkey, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.4% per year) and Turkey (+8.8% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2015 an increase of 30%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the 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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into India

In 2022, imports of unvulcanized rubber and articles thereof into India soared to X tons, rising by 21% compared with the previous year. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, unvulcanized rubber imports soared to $X in 2022. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 39%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Thailand (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of unvulcanized rubber imports to India, together accounting for 70% of total imports. Canada, Indonesia, China, South Korea, Belgium, Germany and Italy lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and the United States ($X) appeared to be the largest unvulcanized rubber suppliers to India, with a combined 60% share of total imports. South Korea, Germany, Indonesia, China, Italy, Belgium and Canada lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Indonesia, with a CAGR of +52.0%, 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 unvulcanized rubber import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.8% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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