India: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in India

In 2021, the Indian vulcanised rubber thread market decreased by -11.4% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a mild decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Thread Production in India

In value terms, vulcanised rubber thread production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.1% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Vulcanised Rubber Thread Exports

Exports from India

For the third year in a row, India recorded growth in shipments abroad of vulcanised rubber thread and cord, which increased by 27% to X tons in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 85%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, vulcanised rubber thread exports soared to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 97% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons), Turkey (X tons) and Germany (X tons) were the main destinations of vulcanised rubber thread exports from India, together accounting for 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +379.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Brazil ($X) and Germany ($X) constituted the largest markets for vulcanised rubber thread exported from India worldwide, together comprising 53% of total exports.

Germany, with a CAGR of +385.0%, recorded the highest rates of growth with regard to the value of exports, among 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

The average vulcanised rubber thread export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 an increase of 29%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Brazil ($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 Iran (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into India

In 2021, after three years of decline, there was significant growth in supplies from abroad of vulcanised rubber thread and cord, when their volume increased by 28% to X tons. Overall, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber thread imports soared to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and France (X tons) were the main suppliers of vulcanised rubber thread imports to India, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +9.5%), while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X), Malaysia ($X) and France ($X) were the largest vulcanised rubber thread suppliers to India, with a combined 95% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +9.4%, 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 mixed trend patterns.

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, increasing by 30% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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