In 2023, the export of synthetic rubber from India stood at 130.88 million USD. The forecast data for the upcoming years indicates a consistent annual growth. In 2024, the export value is expected to rise to 135.47 million USD, marking a year-on-year increase of 3.51%. By 2025, the value will further grow by 4.40% to reach 141.42 million USD.
In subsequent years, the growth trend continues with exports projected to hit 147.25 million USD in 2026, increasing by 4.12% from the previous year. The upward trajectory sees a 3.87% increase in 2027 with exports valued at 152.96 million USD, and a further 3.66% rise in 2028 reaching 158.56 million USD.
Over the last two years, the average year-on-year growth was approximately 3.96%. Observing the last 5 years, the compound annual growth rate (CAGR) is approximately 3.88%, reflecting a stable expansion of India's synthetic rubber exports.
Future trends to watch for include potential impacts of global demand for synthetic rubber due to technological advancements in industries such as automotive and manufacturing. Additionally, trade policies and environmental regulations may influence production costs and export dynamics.
