Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22294
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Natural Rubber Prices December 2023 

Product
Category Region Price
Natural Rubber Chemical USA 1765 USD/MT 
Natural Rubber Chemical China 1325 USD/MT
Natural Rubber Chemical Netherlands  1165 USD/MT 


In the North American region, the final quarter of 2023 observed an upward trajectory for Natural Rubber. This increase prompted downstream businesses to raise their prices, especially in anticipation of the winter season which results in an increased number of domestic inquiries for natural rubber. The latest settled prices of Natural Rubber (DRC 60% H.A.) CFR Houston in the USA at the quarter ending December 2023 was USD 1765/MT, with an average quarterly increase of 0.88%.

In Asia Pacific region, last quarter of 2023 (October to December), the natural rubber market in the APAC region followed an upward trajectory. However, towards the end of Q4, prices experienced a slight drop due to year-end destocking activities, aiming to make room for fresh inventories in the upcoming months.

In the Netherlands, the price of natural rubber demonstrated a positive upward trend, fueled by sustained demand from the domestic sector and an optimistic market outlook. To tackle inflationary pressures, downstream enterprises adjusted their prices.

Natural Rubber Price Trend, Market Analysis, and News 

IMARC’s newly published report, titled Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of Natural Rubber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.  

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.  

The report examines the elements influencing Natural Rubber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting. 

Natural Rubber Price Trend

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 automotive sector, it plays an important role in driving the demand for natural rubber. With the gradual shift towards electric vehicles (EVs) and the continued growth of the automotive industry, there is a steady increase in in the consumption of tyres which are one of the largest end-use applications of the natural rubber. As the countries worldwide are implementing stricter regulations on vehicle emissions and fuel efficiency standards, manufacturers nowadays are increasingly opting for the tyres 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. Rubber products, such as hoses, seals and gaskets are extensively used in the 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. These factors are collectively creating a positive outlook for the market further across the globe.

Natural Rubber News 

The report covers the latest developments, updates, and trends impacting the global Natural Rubber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in Natural Rubber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape. 

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.

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, tyres, footwear and other ranges of consumer goods.

Regional Coverage 

The report provides a detailed analysis of the Natural Rubber market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.   

Global Natural Rubber Price 

The report offers a holistic view of the global Natural Rubber pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. 

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  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. 

This analysis can be extended to include detailed Natural Rubber price information for a comprehensive list of 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 final 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 data on Natural Rubber prices 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 analysis of Natural Rubber prices in Middle East and Africa provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks. 

In addition to region-wise data, information on Natural Rubber prices for countries 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.


Aisa Pacific Natural Rubber Price 

In the last 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 improved trading outlook. However, prices experienced a slight drop at the end of Q4 due to year-end destocking activities. 

This analysis can be further extended to include detailed Natural Rubber prices for 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, industrial growth, and trade frameworks. 

This comprehensive review can be extended to include specific countries within the region. 

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, 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
  • Product Portfolio
  • 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 Ex Works, FOB, and CIF prices. 
  • The study examines factors affecting Natural Rubber price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, 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, ensuring they remain at the forefront of the Natural Rubber industry. 

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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For 12 Deliverables, Billed Annually


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