Natural Rubber Prices December 2023
Product
|
Category |
Region |
Price |
Natural Rubber |
Agricultural Feedstock |
USA |
1765 USD/MT |
Natural Rubber |
Agricultural Feedstock |
China |
1325 USD/MT |
Natural Rubber |
Agricultural Feedstock |
Netherlands |
1165 USD/MT |
The price of natural rubber in the United States for Q4 2023 reached 1765 USD/MT in December. The United States plays a pivotal role in shaping market dynamics as a major importer and closely reflecting the trajectory of natural rubber prices in exporting countries. Recent incidents, such as attacks on ships near the Suez Canal and persistent congestion in the Panama Canal have added complexity to the global supply chain.
The price of natural rubber in China for Q4 2023 reached 1325 USD/MT in December. The market in China experienced price fluctuations and the demand for natural rubber remained robust due to resilient economic growth and increased consumer spending. The market showed an improved trading outlook with market players investing in end-use industries and expressing optimistic sentiments.
The price of natural rubber in the Netherlands for Q4 2023 reached 1165 USD/MT in December. The market in the Netherlands witnessed a positive upward trend in price fueled by sustained demand from the domestic sector and an optimistic market outlook. As a major importer, the Netherlands mirrored the price trajectory of major producing and exporting market players to maintain market stability.
Natural Rubber Price Trend, Market Analysis, and News
IMARC's latest publication, “Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the natural rubber market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of natural rubber at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed natural rubber price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting natural rubber pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
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Natural Rubber Market Analysis
The global natural rubber market size reached US$ 17.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 27.8 Billion, at a projected CAGR of 5.30% during 2023-2032.
The global natural rubber market is primarily driven by the rapidly growing automotive sector. With the gradual shift towards electric vehicles (EVs) and the continued growth of the automotive industry there is a steady increase in the consumption of tires which are one of the largest end-use applications of the natural rubber. For instance, in India, according to the Indian Brand Equity Foundation (IBEF), India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles. As the countries worldwide are implementing stricter regulations on vehicle emissions and fuel efficiency standards manufacturers nowadays are increasingly opting for the tires with higher natural rubber content due to their superior performance and eco friendliness as compared to synthetic rubber alternatives. In line with this, the growing middle-class population in the emerging economies particularly in Asia-Pacific regions like China and India is driving the demand for automobiles further stimulating the global natural rubber market.
Moreover, the construction industry is also driving the natural rubber market. For instance, according to the market reports, the construction industry entered 2023 marked by a 7% increase in nominal value added and a 6% increase in nominal gross output compared to the previous year. As of the third quarter of 2023, nominal construction spending maintained a steady upward path. Rubber products, such as hoses, seals and gaskets are extensively used in construction applications for their enhanced flexibility, durability, and resistance to weathering. As global infrastructure development projects continue to rise, mainly in urban areas and developing countries, the demand for rubber-based construction materials is expected to increase. In addition to this, the increasing focus on sustainable building practices and green infrastructure is stimulating the use of natural rubber, which is renewable, and biodegradable as compared to synthetic rubber alternatives. This trend is further stimulated by the government initiatives promoting environmentally friendly construction material and renewable resources. Furthermore, the growing healthcare industry is also driving the natural rubber market. Natural rubber latex is extensively used in the manufacturing of medical gloves, catheters, and other medical devices due to its excellent durability, elasticity and bio compatibility.
Natural Rubber News
The report covers the latest developments, updates, and trends impacting the price of natural rubber, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the natural rubber price trend.
Latest developments in the natural rubber industry:
- In February 2024, the Government of India (GoI) announced that in tune with the spirit of “Atmanirbhar Bharat” the Ministry of Commerce and Industry is implementing INROAD (Indian Natural Rubber Operations for Assisted Development), a project to support the development of 2 lakh hectares of rubber plantations in the Northeast region of the country.
- The Rubber Board in Kerala, India announced an incentive of Rs 5 per kg for rubber sheet exports in 2024. The Executive Director of the Rubber Board said the incentive aims to stabilize domestic prices and boost export opportunities.
Product Description
Natural rubber, which is scientifically known as latex is a versatile and renewable elastomer. It is derived from the sap of Hevea brasiliensis tree, which is generally known as the rubber tree. The milky white liquid is harvested through a process called tapping where the shallow incisions are made in the bark of the tree allowing the latex to flow into the collection cups. Upon exposure to the air the latex undergoes a natural process called coagulation which results in the formation of solid rubber. Natural rubber exhibits remarkable properties such as resilience, high elasticity and tear resistance making it an indispensable raw material in various industries all across the world. It is extensively used in the manufacturing of automotive parts, conveyor belts, medical gloves, tires, footwear and other ranges of consumer goods.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the natural rubber price trend.
Global Natural Rubber Price
The report offers a holistic view of the global natural rubber pricing trends in the form of natural rubber price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of natural rubber, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed natural rubber demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Natural Rubber Price
In the last quarter of 2023, the European natural rubber market initially witnessed an upward trajectory but experienced price fluctuations because of various reasons. The Netherlands experienced a positive trend in natural rubber prices because of sustained domestic demand and an optimistic market outlook. Global logistical challenges and increased input costs also impacted the market. Concerns about the Suez Canal and changes in shipping routes further influenced market dynamics.
Detailed price information for natural rubber can also be provided for an extensive list of European countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Natural Rubber Price
In the fourth quarter of 2023, the North American natural rubber market experienced a rise with increasing demand from the Asian market. Elevating costs of input materials and global logistical challenges have impacted the market. The United States, as a major importer, plays an important role in shaping market dynamics. However, disturbances in crucial trade routes have led to increased transportation costs and impacted the pricing of natural rubber.
Specific natural rubber historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Natural Rubber Price
The report explores the natural rubber pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
Region |
Countries Covered |
Middle East and Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Natural Rubber Price
In the fourth quarter of 2023, the APAC natural rubber market saw prices rise due to high demand, supply challenges, and currency depreciation. Robust demand from tire manufacturers, supply disruptions from rainfall, and the depreciation of the Chinese RMB against the US dollar led to consistent price increases. Despite these challenges, the Chinese market showed an improved trading outlook. However, prices experienced a slight drop at the end of Q4 due to year-end destocking activities.
This natural rubber price analysis can be expanded to include a comprehensive list of countries within the region
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Natural Rubber Price
The analysis of natural rubber prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Natural Rubber |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Natural rubber Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of natural rubber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting natural rubber price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The natural rubber price charts ensure our clients remain at the forefront of the industry.