Updated Oct 18, 2022 01:49

Non-Reinforced Rubber Tubing Market in India

Market Overview
After three years of growth, the Indian non-reinforced rubber tubing market decreased by -% to $ in . Overall, consumption, however, saw a buoyant increase. Non-reinforced rubber tubing consumption peaked at $ in , and then contracted in the following year.

In value terms, non-reinforced rubber tubing production shrank slightly to $ in estimated in export price. Overall, production, however, saw a buoyant increase. The growth pace was the most rapid in 2019 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in , and then fell modestly in the following year.


Consumption
In , approx. tons of rubber tubing not reinforced were consumed in India; with an increase of % on the previous year's figure. Overall, the total consumption indicated measured growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Non-reinforced rubber tubing consumption peaked at tons in ; however, from to , consumption failed to regain momentum.

The revenue of the non-reinforced rubber tubing market in India expanded to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a prominent increase. Over the period under review, the market reached the maximum level in and is likely to continue growth in the immediate term.


Market Forecast
Driven by increasing demand for non-reinforced rubber tubing in India, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total non-reinforced rubber tubing consumption in India was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the India non-reinforced rubber tubing market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
India remains a net exporter of non-reinforced rubber tubing; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.