Analyzing the natural rubber exports from India to Saudi Arabia between 2013 and 2023 reveals significant volatility. The year 2013 peaked at 50 metric tons before a rapid decline led to a low of 2 metric tons in 2018. With the value rebounding to 26 in 2020, it stabilized at 21 metric tons from 2021 onwards, holding steady through 2023. As of 2023, the volume stood at 21 metric tons.
Key year-on-year variations indicate considerable fluctuations:- 2013: +42.86%- 2015: -40.85%- 2016: -4.76%- 2017: -20%- 2018: -87.5%- 2020: +85.71%- 2021: -19.23%- 2022: 0%- 2023: 0%
The Compound Annual Growth Rate (CAGR) also underscored notable shifts:- 2013: +22.67%- 2015: -7.49%- 2016: -13.37%- 2017: -14.49%- 2018: -47.47%- 2020: +4.36%- 2021: +0.98%- 2022: +5.59%- 2023: +60.04%
Forecasts from 2024 to 2028 suggest a stable trend with a forecasted 5-year CAGR of 0%, translating to a non-growth period for the exports. The consistency in the forecast period indicates a stabilized market.
Future trends to watch for:- Market demand shifts in Saudi Arabia could impact volumes.- Possible trade policy changes between India and Saudi Arabia.- Innovations in synthetic rubber alternatives might influence natural rubber demand.- Monitoring global economic conditions for macroeconomic influences on export dynamics.
