The import of rods and profile shapes of vulcanised non-cellular rubber to India is projected to rise steadily from 2024 to 2028. In 2023, the imports stood at approximately 3.05 million kilograms, marking consistent growth across the forecasted years. The annual increase averages about 3%, with 2028 reaching approximately 3.54 million kilograms. This demonstrates a Compound Annual Growth Rate (CAGR) of around 3% over the five-year period from 2023 to 2028.
Future trends to watch for:
- Emerging technological advancements in rubber manufacturing.
- Shifts in global supply chains contributing to import dynamics.
- The influence of environmental regulations on production and import strategies.
- Potential development of domestic production impacting import necessity.
