The production volume of natural rubber in India amounted to around 651 thousand metric tons in the last financial year. India was the fourth largest producer of rubber in the world. The southern state of Kerala is the leading producer of Rubber in India. The Rubber Industry is a key sector in the Indian economy. India is the third largest producer and fourth largest consumer of natural rubber in the world and also the fifth largest consumer of natural rubber and synthetic rubber put together.
Rubber output rose by 9.4% to 7.12 lakh tonne in last fiscal. India’s natural rubber (NR) production in 2020 has logged 7.12 lakh tonne, crossing the 7-lakh-tonne mark. At the same time, Rubber Board of India forecasts its production for the current fiscal at 7,10,000 tonne, factoring in the crop loss owing to Covid-19.
According to Rubber Board’s latest statistics, NR consumption has dropped from 12,11,940 tonne in 2019 to 11,34,120 tonne in 2020 due to covid lockdown. So has the production-consumption gap of NR. It has shrunk to around 4,22,000 tonne from 5,61,000 tonne according to the Indian Rubber Board.