India to be third largest rubber consumption country by 2020
India was likely to jump to third place ahead of Japan in rubber consumption by 2020, but it would have to depend more on imports than domestic production.
By PTI |
MUMBAI: India was likely to jump to third place ahead of Japan in rubber consumption by 2020, but it would have to depend more on imports than domestic production, a senior industry official said.
"India, which currently occupies fourth place in global rubber consumption, will be the third largest rubber consumption country by 2020 after China and the US," Singapore-based International Rubber Study Group (IRSG)'s Secretary General, Hidde Smit, told reporters here today.
The increase in consumption may drive more imports, he said.
Currently, India is placed fourth in the major global rubber consumption countries after China, the US and Japan.
India's rubber comsumption was likely to be 2.2-million tonnes, more than double the current consumption, only third after China with 102.22-million tonnes and the US with 2.32-million tonnes, the IRSG forecast for 2020 said.
"India, which currently occupies fourth place in global rubber consumption, will be the third largest rubber consumption country by 2020 after China and the US," Singapore-based International Rubber Study Group (IRSG)'s Secretary General, Hidde Smit, told reporters here today.
The increase in consumption may drive more imports, he said.
Currently, India is placed fourth in the major global rubber consumption countries after China, the US and Japan.
India's rubber comsumption was likely to be 2.2-million tonnes, more than double the current consumption, only third after China with 102.22-million tonnes and the US with 2.32-million tonnes, the IRSG forecast for 2020 said.
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