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Rubber Imports Likely To Improve In Coming Months

2/25/2015 - Delhi, India - The rubber industry in India has been growing with potency and significance, as a part of India’s increasing role in the global economy. The industry parents the genesis of a wide range of products such as adhesives, auto tires, auto tubes, auto and cycle parts, footwear, belts, cables and wires, sports goods, surgical and pharmaceutical products, etc. It is highly labor and energy intensive. The Indian Rubber Industry consists of about 450/500 large/medium scale units and nearly 5,500 small and tiny units. Rubber is a handy product with multiple usages. It is grown in various countries worldwide and plays a vital role in the Indian economy too. The use of rubber is extensive, ranging from household to industrial products, entering the production stream at the intermediate stage or as final products. Tire and tubes are the largest consumers of rubber. India is the fourth largest producer of natural rubber in world and the third largest consumer of the polymer. India is considered to be one of the key players in the global rubber business. The whole requirement of rubber-based industries for natural rubber, synthetic rubber, rayon and nylon tire cord, steel cord, carbon black and rubber chemicals, etc., is being met from home-grown sources. The products manufactured also cover hi-tech industrial items. The main areas which the industry caters to include all the three wings of defense, civil, aviation, aeronautics, railways, agriculture and transport, as well as textiles, engineering industries, pharmaceuticals, mines, steel plants, ports, family planning programs, hospitals, sports, i.e,. practically to every conceivable field. Major rubber producing states in India are Kerala (92 percent), Tamilnadu (3.4 percent) and Karnataka (2.1 percent), while other producing states include: Tripura, Assam, Meghalaya, Nagaland, Manipur, Goa And Union Territory Of Andaman and Nicobar Islands. Production of natural rubber (NR) in India declined by 41.67 percent to 63,000 metric tons during December 2014 from 108,000 metric tons produced in the same period year ago. The total production during the current fiscal’s first nine months (April to December 2014) was down by 17.33 percent to 517,000 metric tons from same period of previous year. The production dropped mainly due to some farmers skipping tapping after rubber prices fell to their lowest level in five years. Further, Indian natural rubber output is likely to decline over 10 percent in the current financial year as compared to the previous financial year. The southern state of Kerala, which accounts for more than 90 percent of the country's natural rubber output, received 6 percent more rainfall than normal, during the June-September monsoon season. The impact will be felt even in the January to March quarter as trees have lost large numbers of leaves on account of heavy showers. The slowdown in production has been widening the gap between local demand and supply, prompting tire makers to import more. In the first nine months of financial year 2015, India's natural rubber imports increased by 24.89 percent to 326,567 metric tons as compared to same period of last year. The imports increased mainly on account of a drop in production in the country and lower prices in the world market which prompted tire makers to increase overseas purchases to meet rising demand. Import of natural rubber in India in value terms is likely to touch $1,107 million by the end of the current fiscal year 2014-15. Further, in the month of December 2014, the imports increased by 8 percent to 29,728 metric tons as compared to the same month of the previous year. Rubber planters see a crisis-like situation looming, with international rubber prices falling in the Bangkok market to a seven-year low. This has resulted in a sharp rise in imports by Indian rubber consuming industries such as the tire industry. In the face of a heavy inflow of imported rubber, domestic prices, too, fell to a five-year low of Rs 124 a kg for the benchmark variety, RSS-4. India has consumed 83,500 metric tons of natural rubber (NR) during the month of December 2014 as compared to 82,380 metric tons consumed the same month of the previous year. The total quantity consumed during the first nine months of the current fiscal was up 4.32 percent at 763,065 metric tons in comparison to same period of last year. The rubber price is under pressure both in the domestic as well as international markets on account of poor demand from countries like China and oversupply of the commodity. This sharp fall in price is due to the poor off-take by China which is the world’s largest consumer, and by the European nations. The ongoing economic slow-down in China favors a sluggish demand. The persistent fall in the price of natural rubber has caused concern among rubber farmers in Kerala. Rubber price, which ruled around Rs 220 per kg in January 2011, has now touched a low of Rs 123 per kg in the domestic market. In order to curb the fall in rubber price and import, the government has increased the import duty by Rs 10 per kg. The government has constituted an expert committee to formulate a national rubber policy and examine issues relating to production, development and exports of rubber and related products. The committee will recommend a broad based policy relating to all types of rubber such as synthetic, reclaimed rubber. It will submit its report including the draft of the national rubber policy within six months. The scarcity of raw material has become the biggest issue for the industry. Polymer is a natural resource which the rubber products manufacturers require for making rubber-related products. The industry is heavily relying on polymer imports. Kerala is the only region where polymer used to be grown. But over the past few years, the demand has gone up and the industry is relying on imports. Since the import duties are high, the cost of production is also more. The industry is struggling with this situation. Rubber growers have urged the government to take some positive and quick actions in this direction to support the industry. The Indian rubber industry currently is not in its best of health on account of low domestic production, high import duty and volatile prices along with a slowdown in the rubber industry and insufficient government support. At present, more than 90 percent of micro, small and medium enterprises (MSMEs) are facing operational issues in India. The rubber industry is strongly correlated to macroeconomic trends. The current low rubber prices and declining demand for its products is a matter of concern, but growth of the rubber industry has always been cyclical and recovery is imminent. The rubber industry has an essential role in the future of manufacturing industry, mainly the automobile industry. The Indian automobile industry is now going on a path of revival, supported by improved consumer sentiment and measures taken by new government, and will consequently help in growth of the Indian rubber industry.

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Market Report

Tire Cord, Tire Fabrics Market To Grow At A 5.8 Percent CAGR From 2016 To 2023 - 3/15/2017
Global Natural Rubber Market In State Of Oversupply - 1/23/2017
Global Reclaimed Rubber Market Expected To Reach $6.32 Billion By 2025 - 1/4/2017
Polyisobutylene Market Predicted To Grow - 11/30/2016
RMA Predicts Slight Growth For U.S. Tire Shipments - 9/22/2016
Rivalry In China, The Second Largest Synthetic Latex Polymers Market, Will Continue - 9/21/2016
Global Demand For Kaolin To Reach 27.5 Million Metric Tons - 9/20/2016
World Rubber Processing Chemical Demand To Reach 1.5 Million Metric Tons - 7/22/2016
Smithers Rapra Forecasts Carbon Black Markets To Grow At 3.74 Percent CAGR - 7/6/2016
Global Rubber Additives Market Forecast - 2016-2022 - 7/5/2016
Fluorinated ethylene propylene global market examined - 6/20/2016
North American Synthetic Latex Polymers Market Forecast To Grow By 1.5 Percent Through 2020 - 5/23/2016
Record Year Predicted For Replacement Tires - 4/7/2016
World Rubber Industry - 3/31/2016
World Demand For Rubber To Reach 31.7 Million Metric Tons - 2/26/2016
U.S. Demand For Specialty Silicas To Exceed $2 Billion In 2019 - 2/1/2016
Rubber Processing Chemicals Market To Be Worth $4.8 Billion By 2020 - 1/5/2016
End-Of-Year Projection Indicates Slight Improvement In Tire Shipments - 12/7/2015
World Demand For Tires To Reach 3 Billion In 2019 - 12/3/2015
World Demand For Thermoplastic Elastomers To Reach 6.7 Million Metric Tons In 2019 - 11/20/2015
Global Petrochemical Prices Leveled Off In October - 11/18/2015
Global Petrochemical Prices Fell To Six-Year Low In September - 10/23/2015
Europe Is The Largest Synthetic Latex Polymers Market - 9/8/2015
Industrial Rubber Product Demand To Exceed $24 Billion In 2019 - 8/4/2015
Global Styrene Butadiene Rubber Market, 2015-2019 - 6/26/2015
Plastics Industry Positioned To Meet Growing Demands Of Automotive Sector - 5/28/2015
Global Petrochemical Prices Up 10 Percent In April - 5/11/2015
RMA Projects Slight Increase In 2015 Total Tire Shipments - 4/1/2015
International Rubber Study Group Reports On First Quarter Of 2015 - 3/20/2015
International Rubber Study Group Reports On First Quarter Of 2015 - 3/20/2015
Yokohama Rubber: Commercial Tire Market Overview - 3/18/2015
Global Tire Materials Market Analyzed - 2/26/2015
Rubber Imports Likely To Improve In Coming Months - 2/25/2015
Polyisobutylene market examined - 1/30/2015
IRSG Publishes Latest World Rubber Industry Outlook - 1/6/2015
Preliminary Balance Predicted For Italian Imports-Exports Of Rubber And Plastics Machinery - 1/2/2015
Global Demand For Industrial Rubber Products To Reach $158 Billion In 2018 - 1/2/2015
2014 U.S. Tire Shipments Expected To Total Nearly 310 Million Units - 1/2/2015
Global petrochemical prices fell 4 percent in October - 11/20/2014
U.S. Demand For Gaskets And Seals To Reach $10.6 Billion In 2018 - 11/6/2014
Europe Tire Market Forecast And Opportunities - 2019 - 8/28/2014
Sustainability In The Tire Industry 2014 - 8/27/2014
Demand For Rubber Products In China To Reach 740 Billion Yuan - 8/14/2014
New Nanomaterials Promise A Sustainable Future For The Tire Industry - 8/4/2014
IRSG Offers Latest World Rubber Industry Outlook - 7/24/2014
Chloroprene Rubber 2014 Global Strategic Business Report Released - 7/18/2014
Italian Rubber And Plastics Machinery Exports Report Encouraging First Quarter - 7/15/2014
Rubber industry report available from IRSG - 7/8/2014
Lucrative Growth Market For Silicones - 6/13/2014
Global thermoplastic elastomers market to hit $15 billion valuation - 6/11/2014
Resurgent Demand From End-Use Markets To Fuel Growth In Global Industrial Rubber Products Market - 5/29/2014
World Demand For Kaolin To Reach 28.7 Million Metric Tons - 4/29/2014
International Rubber Study Group Report Examines First Quarter Of 2014 - 3/26/2014
Chemical Plants To Evolve - 3/26/2014
Profound Changes Expected For The Stabilizers Market - 3/18/2014
OTR Tire Market Industry Report - 2/24/2014
Rubber Product Manufacturing In Canada Examined - 1/27/2014
China Tire Industry Report, 2013-2017 - 1/3/2014
2013 Forecast For Italian Plastics And Rubber Machinery Industry Released - 1/3/2014
Vietnam To Become Third Largest Rubber Exporter - 1/2/2014
World Rubber Consumption Seen Climbing As Tire Demand Grows - 11/18/2013
International Rubber Study Group Reports On Third Quarter Of 2013 - 11/18/2013
Strong Growth Projected For Americas Composites Industry - 11/12/2013
Manifold Developments On The Market For Butadiene - 10/23/2013
Synthetic Latex Polymers, A $30 Billion Plus Market That Is Building Globally - 10/22/2013
Global Petrochemical Prices Rose Nearly 2 Percent In September - 10/7/2013
Global Demand For Thermoplastic Elastomers To Reach 5.8 Million Metric Tons In 2017 - 8/30/2013
International Rubber Study Group reports on second quarter of 2013 - 7/15/2013
Automotive industry outlook and review presented - 7/11/2013
Hankook Tire Gauge Index shows decline in summer driving - 7/9/2013
Global and Chinese tire mold industry examined - 7/8/2013
Ceresana provides complete analysis of global market for rubber - 7/8/2013
Italian rubber and plastics machinery exports face uncertain start to the year - 7/8/2013
Worldwide Industrial Rubber Products Market To Witness Steady Growth - 1/8/2013
No growth for 2012 tire shipments; two percent rebound anticipated in 2013 - 12/31/2012
European Tire Market Opportunities Reviewed - 10/5/2012
Tire and Rubber Recycling Industry Has Grown 1.7 Percent Annually For Past Five Years - 9/14/2012
2012 Tire Shipments Expected To Grow By 1.2 Percent - 8/13/2012
Transportation To Drive Global Thermoplastic Composites Market - 7/25/2012
Top Ten States For Manufacturing Jobs - 7/25/2012
Rubber Machinery Trade Back On Track - 7/19/2012
Global Automotive Tire Market Forecast To Reach $187 Billion In 2017 - 7/14/2012
Thermoplastics Bucking TPE Industry Trends - 6/26/2012
Rubber Consumption Increased Four Percent In 2011 - 6/13/2012
Global Demand For Industrial Rubber Products To Reach $140 Billion In 2016 - 5/31/2012
U.S. Demand For Gaskets & Seals To Reach $9.6 Billion In 2016 - 5/29/2012
Sustained Demand From Industrial And Automotive Sectors Drives Global Nitrile Butadiene Rubber Market - 5/17/2012
Rubber Consumption To Approach 31 Million Metric Tons In 2015 - 5/10/2012
Buying Tires Over Internet Reported To Be More Attractive For Drivers - 4/20/2012
World Demand For Rubber Processing Chemicals To Rise 4.7 Percent Annually Through 2015 - 4/10/2012
Global Rubber Consumption To Approach 31 Million Metric Tons In 2015 - 3/29/2012
Tire shipments to increase by approximately 2 percent - 3/8/2012
Global Demand For Tires To Reach 3.3 Billion Units In 2015 - 2/29/2012
Global Demand For Kaolin To Exceed 28 Million Metric Tons In 2015 - 2/28/2012
Indian Tire Market Expected To Grow Through 2017 - 2/28/2012
New Epichlorohydrin Manufacturing Technologies Based On Renewable Resources Boost Chinese Production - 2/28/2012
Global Gaskets And Seals Market To Reach $30 Billion By 2017 - 2/23/2012
Positive Outlook Predicted For Russian Rubber And Plastics Market - 2/8/2012
U.S. Carbon Black Trade Back On Track - 2/8/2012
Global Rubber Demand Forecast To Reach 27.2 Million Metric Tons In 2012 - 1/25/2012
IRSG Expects Five Percent Growth In Rubber Consumption - 1/9/2012
Heavy Duty OTR Tire Manufacturing To Gain Traction Over The Next Five Years - 12/2/2011
Global Chloroprene Rubber Market To Reach 445.3 Thousand Metric Tons By 2017 - 11/21/2011
Global Tires Market To Reach 1.8 Billion Units By 2017 - 11/11/2011
World Demand For Thermoplastic Elastomers To Approach 5.6 Million Metric Tons in 2015, Freedonia Reports - 10/17/2011
Global Long Fiber Thermoplastics Market To Reach 313.4 Thousand Tons By 2017 - 10/5/2011
IRSG Forecasts Rubber Consumption Growth - 9/29/2011
U.S. Tire Imports, Exports Continue Growth - 9/9/2011
Global Silicone Market Forecast To Reach $17.2 Billion By 2017 - 8/26/2011
Improving Economic Outlook On Tap For Chemical Processing Industry - 8/18/2011
2011 Tire Shipments To Grow Nearly 4 Percent - 8/5/2011
Yokohama Senior VP Of Sales And Marketing Gives Mid-Year Report - 7/25/2011
Latest Rubber Statistical Bulletin/Rubber Industry Report Available From IRSG - 7/5/2011
China Imports More Natural Rubber To Meet Booming Demand - 6/15/2011
U.S. Demand For Specialty Silicas To Reach $1.7 Billion In 2015 - 5/19/2011
U.S. Farm Tire Market Examined - 5/11/2011
Global Styrene-Butadiene-Styrene (SBS) Block Copolymer Market To Reach 1.9 Million Tons By 2017 - 4/20/2011
Global Nitrile Butadiene Rubber Market To Exceed 645 Thousand Tons By 2017 - 4/11/2011
Global Tetrahydrofuran Market To Exceed 800 Thousand Tons By 2017 - 4/11/2011
Global Market For Chloroprene Rubber To Reach 445.3 Thousand Metric Tons By 2017 - 4/5/2011
2011 Tire Shipments To Grow Three Percent - 3/24/2011
Automotive Industry Outlook And Review For March 2011 - 3/14/2011
U.S, Tire Shipments Increase More Than 10 Percent In 2010 - 2/17/2011
Rubber Demand Bounces Back, More Growth Seen - 2/8/2011
Automotive Coating, Adhesive And Sealant Demand To Rise 9.4 Percent - 2/8/2011
Growing Optimism In Manufacturing As 49% Plan To Increase Hiring In Next Six Months - 1/27/2011
Polyurethane Processors, Suppliers Head Into 2011 With Optimistic Outlook - 1/5/2011
Economic Growth Continues In 2011 - 12/8/2010
2010 U.S. Tire Shipments To Post Nine Percent Increase - 12/2/2010
Tire Manufacturers Emphasize Design As Low Rolling Resistant And Eco-Friendly Tires Gain Popularity - 11/22/2010
Automotive Industry Outlook Highlighted - 11/4/2010
Global Industrial Rubber Products Market To Reach $88.5 Billion By 2015 - 10/18/2010
Indian Tire Industry Analyzed - 10/6/2010
IRSG Says Global Output Of Rubber Increased 8.9 Percent - 10/4/2010
Indian Tire Industry Forecasted To 2014 - 9/1/2010
Platts Global Petrochemical Index Ended July Higher On Late Rally - 8/12/2010
2010 Tire Shipments To Increase Eight Percent - 8/11/2010
World Demand For Specialty Silicas To Reach 2.7 Million Metric Tons In 2014 - 6/11/2010
Rate Of Decline In Petrochemical Prices Picks Up Pace In May - 6/11/2010
Global and China Automotive Tire Companies Will See Revenue Growth, But Profit Fall in 2010 - 6/9/2010
Rubber Loses Support Of Crude Oil, Currencies And Commodity Stocks - 5/26/2010
Chinese Tire Industry Predictions for 2010-2011 - 5/19/2010
Rubber Crisis Looms, May Hit India Hard - 5/3/2010
U.S. Industrial Rubber Products Market To Reach $17.7 Billion In 2014 - 4/27/2010
Global Tire Cord Market To Exceed 1.3 Million Metric Tons By 2015 - 4/14/2010
Auto Industry Outlook for 2010 - 4/14/2010
World Industrial Rubber Products Demand To Grow By 4.5 Percent - 4/12/2010
Tire Industry Market Report 2010 - 3/29/2010
2010 Tire Shipments To Increase Three Percent - 3/22/2010
World Demand For Carbon Black To Reach 11.6 MMT In 2013 - 3/12/2010
Acrylonitrile Butadiene Styrene Copolymer Demand To Grow In 2010 - 2/22/2010
World Rubber Consumption To Reach 26.9 Million Metric Tons In 2013 - 2/22/2010
Signs of Timid Recovery in 2009 - 2/12/2010
Elastomers Distributor Sees Signs of Market Recovery - 2/1/2010
IRSG Offers Latest Rubber Statistical Bulletin - 1/6/2010
2009 Tire Shipments To Post Thirteen Percent Decline - 12/14/2009
Research Report On Chinese Rubber Industry, 2008-2009 - 10/7/2009
2009 Tire Shipments Revised To Drop 16 Percent - 8/12/2009
NR Supply Heading Into A Historical Fall - Review Of 12 Months Ended June 2009 - 7/21/2009
Natural Rubber Supply And Demand Forecast And Price Outlook - 6/30/2009
More Old Tires Put To New Uses; Scrap Tire Piles Receding - 6/24/2009
Global rubber consumption drops to lowest level since 2006 - 6/15/2009
Natural Rubber Production Dropped Drastically During January To April 2009 - 6/2/2009
High Growth Forecasted For The Global And China Tire Market, 2008-2009 - 5/8/2009
Global Production Of Natural Rubber On The Decline - 4/17/2009
U.S. Demand For Specialty Silicas To Reach $1.7 Billion In 2013 - 4/15/2009
World Natural Rubber Output To See Biggest Fall Since 1993 - 4/15/2009
China Holds Key To Rubber Production Rebound - 4/3/2009
World Demand For Nonwovens To Approach 8 Million Metric Tons In 2012 - 4/1/2009
China Is Leading Rubber Importer From Viet Nam - 3/26/2009
Poor Car Sales May Curb Global Demand For Rubber - 3/26/2009
2009 Tire Shipments To Drop Seven Percent - 3/17/2009
Dubai Rubber Imports And Exports Hit AED 7.8 Billion In 2008 - 3/16/2009
IRSG Forecast:: Rubber Consumption Will Decline - 3/10/2009
2008 Tire Shipments Drop More Than 6%, Says RMA - 2/24/2009
Natural Rubber Prices In India Decline In Fourth Quarter - 2/24/2009
Thailand May Purchase 200,000 Metric Tons Of Rubber - 2/24/2009
Vietnamese Rubber Sector Deals With Economic Crisis - 2/24/2009



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