Natural Rubber Price in USA

United States: 1765 USD/MT

At the close of December 2023, the settled prices for Natural Rubber (DRC 60% H.A.) CFR Houston in the USA stood at USD 1765 per metric ton, marking an average quarterly rise of 0.88%.

The latest report by IMARC Group, titled "Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Natural Rubber Prices. This report delves into globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Natural Rubber Price Analysis:

China: 1325 USD/MT
Netherlands: 1165 USD/MT

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Monthly Updates: Annual Subscription
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The study delves into the factors affecting natural rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/natural-rubber-pricing-report/requestsample

Natural Rubber Price - Last Quarter

The expanding automotive sector, which mostly depends on rubber for tire production, is propelling the expansion of the natural rubber market. The need for premium rubber, especially for high-performance tires that satisfy the requirements of both conventional and electric cars, is rising along with the global growth in vehicle production. Since electric cars need specific rubber parts that provide increased durability, lower noise levels, and improved energy economy, the industry is being further stimulated by this trend. The expanding automotive sector, which mostly depends on rubber for tire production, is propelling the expansion of the natural rubber market. The need for premium rubber, especially for high-performance tires that satisfy the requirements of both conventional and electric cars, is rising along with the global growth in vehicle production.

This trend aligns with global sustainability goals, which are pushing manufacturers to adopt more eco-friendly materials. Another significant driver is the rising demand for rubber in industrial applications. Sectors such as construction, manufacturing, and healthcare rely on natural rubber for various products, including seals, hoses, and gloves. The medical industry, in particular, has seen a surge in demand for rubber products due to heightened hygiene standards and increased demand for medical supplies, especially since the COVID-19 pandemic. Additionally, the footwear industry, which uses rubber for soles and other components, continues to contribute to the market's expansion.

Natural Rubber Industry Analysis

In the second quarter of 2024, prices in North America skyrocketed due to high demand and limited supply. Long-term supply chain issues, such factory closures and operational delays, led to shortages and increased expenses. Logistics were made even more difficult by growing transportation costs, which were made worse by heightened political unrest throughout the world and rising gasoline prices. Due to this, rubber prices have been steadily rising, especially as supply has been unable to keep up with the increasing demand from a variety of businesses.

Besides, prices for natural rubber increased dramatically in the Asia Pacific in the second quarter of 2024. Robust demand continuously surpassed constrained supply and increasing input costs especially those associated with energy exacerbated the price increase. Procurement costs increased due to increased transportation costs and persistent logistical obstacles, in addition to geopolitical issues. In addition, unfavorable weather made rubber tapping more difficult, thus restricting supply. Lower inventories and increased demand from downstream sectors contributed to a strong market sentiment that kept prices rising.

Regional Price Analysis:

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.

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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