West Asia war torches input costs for Jalandhar, Meerut sports goods makers
HDPE has jumped to ₹160/kg from ₹96-100 pre-war, rubber to ₹235 from ₹180, zinc to ₹310 from ₹225, with LDPE, PP and ink 30-33% higher. BAS, Champion and Punjab's Khel Udyog cluster face an April-June margin crunch; Icra pegs ~1 year to normalise, threatening India's 0.5% global share and $8.1B export ambition by 2036.
What happened
BAS (Beat All Sports) · US-Iran war spikes petrochemical, rubber and zinc input costs for Jalandhar and Meerut sports goods makers, squeezing April-June
Key facts
- HDPE ₹160/kg vs ₹96-100/kg pre-war
- Rubber ₹235/kg vs ₹180
- Zinc ₹310/kg vs ₹225
- LDPE/PP/ink 30-33% above pre-war
- Shuttlecocks ₹1,180 vs ₹1,050
- India sports goods output $183M
- exports $2B, equipment $275M
- 0.5% global share
- China 40-50% share
- $8.1B export opportunity by 2036
- 11% global share target
- global market $700B in 2024
Why this matters
Distressed valuations in Jalandhar-Meerut sports goods clusters open a tactical 6-9 month window to consolidate sub-scale OEMs and lock vertically integrated polymer and rubber supply.