As of 2023, the import of rods and profile shapes of vulcanised non-cellular rubber to India was valued at 8.850 million USD. Forecasted data reveals a consistent uptick in value from 2024 to 2028. The year-on-year variation indicates a steady positive growth, with 2024 seeing a 1.97% increase, 2025 a 1.96% increase, 2026 a 1.88% increase, 2027 a 1.81% increase, and 2028 a 1.74% increase. The compound annual growth rate (CAGR) for 2024-2028 stands at approximately 1.87%, demonstrating moderate but consistent growth.
In terms of future trends, key factors to watch include:
- Global demand dynamics for vulcanised rubber products, potentially influenced by automotive and industrial usage.
- Price fluctuations in raw rubber materials and their impact on import costs.
- Policy changes affecting trade tariffs or regulations for rubber products.
- Technological advancements that may alter use cases or efficiencies related to vulcanised rubber.
