India: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in India

In 2021, the Indian vulcanised cellular rubber articles market decreased by -5% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +83.6% against 2015 indices. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in India

In value terms, vulcanised cellular rubber articles production dropped to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.8% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Vulcanised cellular rubber articles production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from India

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were exported from India; which is down by -11.9% against the previous year's figure. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 330% against the previous year. 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, vulcanised cellular rubber articles exports reached $X in 2021. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 164%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

The Netherlands (X tons), Nepal (X tons) and Egypt (X tons) were the main destinations of vulcanised cellular rubber articles exports from India, with a combined 38% share of total exports. The UK, Bangladesh, the United Arab Emirates, Brazil, Saudi Arabia, the United States, Colombia, South Africa, Turkey and Australia lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +263.6%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Egypt ($X) and the United Arab Emirates ($X) constituted the largest markets for vulcanised cellular rubber articles exported from India worldwide, together comprising 34% of total exports. These countries were followed by the Netherlands, Nepal, the United States, Brazil, the UK, Bangladesh, Turkey, Australia, South Africa and Colombia, which together accounted for a further 40%.

Colombia, with a CAGR of +328.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 vulcanised cellular rubber articles export price amounted to $X per ton, increasing by 21% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised cellular rubber articles export price increased by +24.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 32%. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Saudi Arabia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into India

In 2021, the amount of vulcanised cellular rubber articles for technical uses imported into India skyrocketed to X tons, jumping by 94% against the previous year. Overall, imports, however, continue to indicate a slight contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vulcanised cellular rubber articles imports skyrocketed to $X in 2021. In general, imports posted a mild expansion. The growth pace was the most rapid in 2018 when imports increased by 80% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Germany (X tons) were the main suppliers of vulcanised cellular rubber articles imports to India, together accounting for 89% of total imports. These countries were followed by South Korea, the United States, France and Japan, which together accounted for a further 7%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to India, comprising 47% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.0% per year) and Germany (+4.0% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, with a decrease of -17.6% against the previous year. In general, the import price, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 46%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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