10
2022
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03
India’s rubber imports remain at a high level.
Author:
According to a report from Singapore on March 15, India’s rubber imports remain at high levels despite the typical low-production period from September to February each year.
Although India’s rubber output for the current marketing year is expected to decline to 518,000 tonnes, down from last year’s 546,500 tonnes, consumption has increased by 6,000 tonnes.
The Rubber Board of India has revised down its rubber production forecast for the current marketing year twice, first from 960,000 tonnes to 870,000 tonnes, and then further to 850,000 tonnes. This underscores the downward trend in India’s rubber output.
India’s rubber output from April last year to February this year totaled only 780,000 tonnes, falling short of the projected 850,000 tonnes. In the 2012–13 fiscal year, rubber production from April to February amounted to just 860,000 tonnes.
Industry sources estimate India’s rubber output at 820,000–830,000 tonnes.
Data released by the Association of Natural Rubber Producing Countries (ANRPC) show that, among all ANRPC member countries, India’s rubber output has fallen to fifth place, behind Vietnam and China. In 2012, India’s rubber production ranked fourth among ANRPC members, trailing only Thailand, Indonesia, and Malaysia. However, during the 2013–14 marketing year, India’s ranking is expected to slip further as its rubber output declines during the traditional peak production period.
Thai tire manufacturers should express concern over the tightening trend in domestic natural rubber supplies during the current marketing year. Rajiv Budhraja, Chairman of the Automotive Tyre Manufacturers Association (ATMA), stated that in the past, India’s domestic natural rubber supply never posed a significant worry during the annual peak production period.
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