As of 2023, India’s import value for natural rubber latex, including prevulcanized, was likely slightly below the forecast data for 2024. From 2024 onwards, forecasts show a steady upward trend in import values, starting at 8.7132 million USD in 2024 and rising to 9.2372 million USD in 2028. This reflects consistent growth with the year-on-year percentage changes indicating a gradual increase in import values.
Future trends to watch include:
- Potential impacts of global rubber supply dynamics affecting import prices.
- Changes in domestic demand driven by growing industries utilizing rubber products.
- Influences of trade policies and exchange rates on import costs.
- Technological advancements in synthetic rubbers as an alternative.