The natural rubber production in India showed steady growth from 2013 to 2019, with only minor fluctuations in year-on-year variations. However, 2020 saw a significant decline of 15.67%, likely due to disruption caused by the COVID-19 pandemic. Production sharply rebounded in 2021 with a 22.2% increase, continuing to grow modestly in subsequent years. In 2023, production reached 1060.1 thousand metric tons, showing a 1.33% year-on-year increase.
Looking at the forecasted data, production is anticipated to increase at a modest compound annual growth rate (CAGR) of 1.05% through to 2028, achieving a 5.35% overall growth rate over the next five years.
Future trends to watch for include:
- Technological advancements in rubber cultivation and processing
- Impact of climate change and weather patterns on rubber plantations
- Government policies and incentives for rubber producers
- Global demand for natural rubber, particularly from key industries such as automotive and manufacturing
