In 2023, India imported an estimated quantity of reclaimed rubber amounting to 741.50 thousand kilograms. The forecasted data shows a steady decline over the next five years, reaching 711.85 thousand kilograms by 2028. The year-on-year variation indicates a consistent reduction, with 2025 seeing a decrease of approximately 0.82% compared to 2024, continuing to a 2026 downturn of 0.81%, 2027 with 0.8%, and 2028 slightly reducing by 0.79%. The Compound Annual Growth Rate (CAGR) underscores a downward trend of roughly -0.8% from 2024 to 2028.
Future trends to watch for include:
- Potential advancements in sustainable rubber production within India that may bolster domestic supply and reduce reliance on imports.
- Policy changes surrounding environmental impact and import regulations could affect import volumes significantly.
- Technological innovations in the manufacturing sector that might enhance rubber recycling processes.