A surge in the Indian non-tire exports boosted the demand for imported synthetic rubber as the country clocked an annual rise of 36.6% to 577,410 tons in imports in fiscal 2021-2022. The year-on-year rise was significantly higher in value at US$1.258 million, up 73.85% during fiscal 2021, riding on increased production in the downstream sectors that emerged robust from the pandemic setback.
What is covered in the Full Insight:
Introduction
Rising Synthetic Rubber Imports
Impact on Non-Tire Sector
Challenges and Risks
Future Outlook
SUMMARY
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