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INDIA'S DEMAND FOR IMPORTING RUBBER FROM VIETNAM
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Rubber imported from Vietnam accounted for 6.8% of India’s total rubber imports. Vietnam is currently the 7th largest rubber supplier to India.
In the latest report from the Ministry of Industry and Trade, this agency cited the statistics of the General Department of Customs, in the first 7 months of 2021, Vietnam’s rubber exports to India reached 47,360 tons, worth 85.5 million USD, up 70.6% in volume and 119.4% in value over the same period in 2020; the average export price reached 1,805 USD/ton, up 28.6% over the same period in 2020.
In which, the SVR 10 category was exported the most to India, accounting for 38.2% of the total rubber exported to India in the first 7 months of 2021, with 18.1 thousand tons, worth 30.53 million USD, up 131.7% in volume and 195.2% in value; the average export price reached 1,687 USD/ton, up 27.4% over the same period in 2020.
Vietnam’s natural rubber market share in India’s total imports in the first 6 months of 2021 accounted for 17.2%, up from 16% in the first 6 months of 2020.

In general, in the first 7 months of 2021, most types of rubber exported to India achieved strong growth in both volume and value over the same period in 2020, notably: SVR 20 increased to 1,298.1% in volume and 1,618.8% in value…
In terms of export prices: The average export price of all kinds of rubber to India in the first 7 months of 2021 almost all increased sharply compared to the same period in 2020, of which the strongest increase was RSS1 up 49%, Latex up 39 .4%, SVR CV50 increased by 33.3%…
In 2021, India’s rubber demand is forecasted to increase sharply, causing the country to import more rubber because domestic production cannot meet demand.
After seeing a decline for 6 years, tire demand in India in 2021 will increase, while domestic rubber supply and production will be affected due to Covid-19 restrictions in Kerala state. – India’s largest rubber producer may lead to a sharp increase in rubber imports into the country in 2021. Industry experts are expecting tire demand in India to improve significantly in the coming months.

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