During H1 2023, the natural rubber market in Asia, Europe, and North America experienced mixed price trends. In Asia, spot prices declined in the Chinese domestic market due to increased supplies as manufacturing and industrial activities resumed post-lockdown. In Europe, prices mostly declined, influenced by stable demands and high inventories. North America followed a similar pattern, with prices on a downward trend due to growing inventories and reduced market momentum. Overall, the natural rubber market showed fluctuations in prices during the first half of 2023.

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Definition

The Natural Rubber Price Trend reflects fluctuations in the market value of this versatile elastomer, sourced from the latex sap of the rubber tree, Hevea brasiliensis. This polymer, comprising repeating isoprene units, exhibits remarkable elasticity and resilience. Widely utilized across industries, natural rubber boasts outstanding mechanical attributes such as flexibility, tear resistance, and durability. Post-harvesting, latex undergoes purification processes before being cured into solid rubber sheets or transformed into diverse products like tires, gloves, footwear, and industrial goods. With its renewable origin and exceptional characteristics, natural rubber holds steady in the Natural Rubber Price Index, making it a sustainable choice for various applications, as evidenced by the Natural Rubber Price Chart and Natural Rubber Price Graph.

Key Details About the Natural Rubber Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Natural Rubber in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Natural Rubber Price chart, including India Natural Rubber price, USA Natural Rubber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Natural Rubber Price Trend:

Natural rubber has key industrial uses in tire manufacturing, owing to its elasticity and durability for vehicles. It is also vital in producing various rubber products like conveyor belts, hoses, seals, and gaskets due to its flexibility and abrasion resistance. Moreover, its hypoallergenic properties make it valuable in the production of latex products, including gloves, and medical devices.

Key Players:

  • Sri Trang Agro-Industry Plc
  • Thai Hua Rubber Company Limited
  • Halcyon Agri.
  • Von Bundit Co., Ltd.
  • Southland Rubber Group

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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