The forecasted import of unvulcanised rubber compounded with carbon black or silica to India shows a steady increase from 2024 through 2028, beginning at 117.51 million USD in 2024 and reaching 140.03 million USD by 2028. As the data for 2023 is not provided, we focus on the forecasted data. The year-on-year growth presents an increase of approximately 4-5% each year, providing insight into a stable commercial inflow trend which implies growing industry demand and usage in India. The Compound Annual Growth Rate (CAGR) over these five years is anticipated around 3.66%.
Future trends to watch for include potential shifts in demand due to technological advancements in automotive and manufacturing sectors, especially the transition to electric vehicles which may alter the demand for rubber compounds. Additionally, international trade policies and environmental regulations could impact both production and import strategies in this industry.
