$India - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: Apr 1, 2024

India - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Latex Rubber Price in India - 2023

Synthetic Latex Rubber Price in India (FOB) - 2023

The average synthetic latex rubber export price stood at $986 per ton in July 2023, reducing by -5.9% against the previous month. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 3.2% m-o-m. The export price peaked at $1,459 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Russia ($1,584 per ton), while the average price for exports to Malaysia ($695 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-0.0%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Price in India (CIF) - 2023

In July 2023, the average synthetic latex rubber import price amounted to $1,454 per ton, with an increase of 6.9% against the previous month. Over the period under review, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in February 2023 an increase of 29% m-o-m. Over the period under review, average import prices attained the maximum at $2,045 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($6,045 per ton), while the price for Thailand ($891 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced a decline.

Synthetic Latex Rubber Exports in India

After three years of growth, overseas shipments of synthetic latex rubber decreased by -60.1% to 11K tons in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of 28K tons, and then contracted rapidly in the following year.

In value terms, synthetic latex rubber exports fell significantly to $17M in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 84%. As a result, the exports reached the peak of $35M, and then fell sharply in the following year.

Export of Synthetic Latex Rubber in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	3.1	2.9	3.8	2.4	-8.2%
Malaysia	0.7	2.1	2.1	1.6	31.7%
United Arab Emirates	1.1	1.9	2.2	1.4	8.4%
Egypt	1.3	0.5	1.0	1.0	-8.4%
Nepal	0.4	0.6	1.4	0.9	31.0%
Thailand	1.3	0.7	1.3	0.9	-11.5%
Pakistan	1.4	1.2	1.2	0.8	-17.0%
Iran	1.2	1.0	0.8	0.6	-20.6%
Indonesia	0.2	0.4	0.4	0.6	44.2%
United States	0.9	0.6	0.9	0.6	-12.6%
Latvia	0.8	0.8	0.8	0.6	-9.1%
Portugal	0.5	0.4	0.4	0.5	0.0%
China	0.8	0.6	0.8	0.5	-14.5%
Others	6.7	5.3	17.6	4.7	-11.1%
Total	20.2	18.8	34.6	17.0	-5.6%

Top Export Markets for Synthetic Latex Rubber from India in 2022:

Vietnam (1298.7 tons)
United Arab Emirates (1010.9 tons)
Malaysia (795.7 tons)
Pakistan (756.6 tons)
Nepal (665.4 tons)
Egypt (638.4 tons)
Thailand (587.6 tons)
Portugal (508.1 tons)
Latvia (432.2 tons)
Indonesia (409.3 tons)
United States (406.3 tons)
China (384.1 tons)
Iran (358.3 tons)

Synthetic Latex Rubber Imports in India

In 2022, synthetic latex rubber imports into India fell dramatically to 8.2K tons, with a decrease of -56.8% on 2021 figures. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of 19K tons, and then declined significantly in the following year.

In value terms, synthetic latex rubber imports declined notably to $17M in 2022. Overall, imports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 114% against the previous year. As a result, imports attained the peak of $29M, and then declined significantly in the following year.

Import of Synthetic Latex Rubber in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.8	1.6	3.5	3.1	19.9%
South Korea	3.4	2.0	3.2	2.8	-6.3%
United States	0.9	1.0	1.3	1.6	21.1%
Indonesia	1.8	1.1	1.7	1.5	-5.9%
Italy	1.6	0.8	1.5	1.4	-4.4%
France	1.8	1.5	1.4	1.3	-10.3%
China	1.0	0.8	0.9	0.8	-7.2%
Malaysia	0.3	0.3	0.5	0.4	10.1%
Belgium	0.5	0.6	0.9	0.4	-7.2%
Netherlands	1.0	0.4	0.1	0.2	-41.5%
Others	3.4	3.7	14.4	3.5	1.0%
Total	17.5	13.7	29.4	17.0	-1.0%

Top Suppliers of Synthetic Latex Rubber to India in 2022:

South Korea (2033.3 tons)
Germany (1369.6 tons)
Indonesia (1355.1 tons)
France (565.6 tons)
China (538.3 tons)
United States (481.1 tons)
Italy (408.5 tons)
Malaysia (201.1 tons)
Belgium (195.8 tons)
Netherlands (122.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171050 - Synthetic latex rubber

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023