Published on June 25, 2018
The Rubber industry in India is growing with its roots deeper. India is the 3rd largest consumer, while the largest producer of natural rubber in the world. The growth of rubber industry in India plays a significant role in the global economy.
In India Kerala rubber industry is a leading producer contributing almost 90% of total natural rubber production of India. Kerala and Tamil Nadu together cover total 86% of growing area of natural rubber.
In India Automotive tyre sector consume around 50%, Bicycles tyres and tubes 15%, Footwear 12%, Belts and hoses 6%, Camelback and latex products 7% and other products consume 10%.
As per market report, in India Natural rubber production dropped 16 per cent in February. The tyre industry, which consumes nearly 70 per cent of the produce, has urged the government to relax import curbs.
Rubber Board data shows NR production in February at 52,000 tonnes, as against 62,000 tonnes in 2017. NR consumption in India crossed a million tonnes (1,003,060 tonnes) in the first 11 months of 2017-18.
As per market analysis, India is leading producer of rubber but still imports from other countries. Currently, India is importing 50000 tonnes of rubber yearly. The industry has put in significant production capacities to meet growing demand from the automobile industry and the transportation and mining sectors. “However, production planning is undermined as domestic availability of NR is in short supply. As much as 35 per cent of the requirement needs to be imported