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 Natural Rubber 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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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 fueling the rise of the natural rubber market. The need for premium rubber is rising along with the global auto industry, especially for high-performance tires that can accommodate the demands of both conventional and electric cars. The industry is being further stimulated by the move toward electric cars, which need for specific rubber parts that provide increased longevity, less noise, and improved energy efficiency..
Global sustainability objectives, which are encouraging manufacturers to use more environmentally friendly materials, are in line with this trend. The growing need for rubber in industrial applications is another important factor. Natural rubber is used in a variety of industries, including manufacturing, construction, and healthcare, to make gloves, hoses, and seals. Since the COVID-19 epidemic, there has been a notable increase in the need for medical supplies and heightened cleanliness standards, which has led to a boom in demand for rubber goods, particularly in the medical business. The footwear sector, which continues to fuel market development, also employs rubber for other components, such as soles.
Natural Rubber Industry Analysis
In the second quarter of 2024, prices in North America skyrocketed due to a tight supply and high demand. Extended issues with the supply chain, such factory shutdowns and operational delays, resulted in shortages and increased expenses. Transportation costs were on the rise, which was exacerbated by global political upheaval and rising petroleum prices, making logistics even more challenging. As a result, rubber prices have been rising rapidly, particularly because the supply has not been able to meet the growing demand from various industries.
Additionally, in the Asia-Pacific region, the cost of natural rubber rose significantly in the second quarter of 2024. Strong demand consistently outpaced limited supply, and rising input costs—particularly those related to energy—exacerbated price increases. In addition to ongoing logistical challenges and rising transportation costs, geopolitical concerns also contributed to a rise in procurement expenses. Furthermore, bad weather made rubber tapping more challenging, which limited supplies. Reductions in stockpiles and heightened demand from downstream industries fostered a bullish market environment that sustained price increases.
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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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