Indian rubber sector witnessed a marginal production growth of 2.1% year on year in the financial year 2024-25 (April 2024-March 2025) despite domestic NR prices hovering at higher levels, while consumption registered a marginal decline of .4% with the tire firms reporting significant margin erosion due to high raw material costs.
Highlights
• FY 2024-25 NR production at 875,000 tons, consumption 1.41 mn tons
• Compound rubber imports go up by 44.5% to 245,407 tons in FY 24-25
• Replanting supported primarily by pineapple farming contractors