Indian rubber consumption rose in August

ERJ staff report (DS)

Kottayam, India -- India produced 73,000 tonne of natural rubber (NR) during August 2012, up 2.5 percent from the same month a year ago. Synthetic rubber production declined by 3.1 percent from the previous month to 9,561 tonne during August 2012.

Cumulative production of NR during April to August 2012 rose by just 0.8 percent to 313,700 tonnes from the same period a year ago. Total synthetic rubber production during April to August this year showed a 1.1 percent rise to 46,844 tonnes.

In terms of consumption, India consumed 83,430 tonne of NR during August 2012, down 2.7 percent from a month ago. However, the total quantity consumed during the five months from April to August represented a 5.0 percent annualised rise to 420,510 tonne. India consumed 37,900 tonne of SR during August 2012, down 2.0 percent from a month ago. During the period from April to August 2012 the country consumed 189,040 tonne of SR, up 5.3 percent on an annualised basis.

The growth in NR consumption was driven by the automotive tyre Industry where the consumption rose faster at a 6.5 percent rate as against a 2.0 percent rise in the general rubber goods sector. With an estimated consumption of 81,500 tonne during September, the first half of the current fiscal is likely to post 5.6 percent rise in the consumption.

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Rubber Statistical News from India Rubber Board