Natural Rubber Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Natural Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Natural Rubber Price Trend for the Q1 of 2024


Natural rubber prices witnessed inclining patterns in the majority of the Asian markets during the first quarter of 2024. The supply and demand interplay were complicated; in consideration of the global demands, the supplies were highly stifled. In Thailand, one of the world’s leading rubber producers, adverse weather conditions with major floods affected the outputs. Asian region constitutes of the major natural rubber exporting countries of the world. Along with Thailand, Malaysia, and Indonesia also contribute greatly to the global natural rubber market.

Natural Rubber Price Chart

Natural Rubber Price Trends

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Tet holiday celebrations in Vietnam and China limited the trade a little in the early days. However, they too quickly joined the inclining trail of natural rubber prices. In the Chinese market, the average monthly prices (spot FD for RSS1) went from about 1800 USD/MT in January’24 to around 1892 USD/MYT in March’24.

The story in the Indian natural rubber market was also not any different. Rubber prices finally upsurged after a downtime of 3 years. Kerala rubber farmers saw increased revenues because of the market weight being tilted in the supply direction. Overall, largely positive market sentiments were witnessed in Q1’24.


The European natural rubber market inclined by approx. 8% at the price front during the said time period. Thailand, one of the major exporters of natural rubber saw devastating floods last season which significantly brought down the available supplies in the rubber market. Along with such tightened supplies the freight and shipping situation has also been worsening as the Red Sea crisis unfolded over the past few months.

Shipping charges saw a drastic incline because of which the natural rubber also ascended on the price index. The monthly average prices in the European markets went from around 1767 USD/MT in January’24 to about 1909 USD/MT in March’24. Conclusively a very favorable market dynamic was noticed for natural rubber during the first three months of 2024.

North America

The price situation in the American natural rubber market was no different than its Asian and European counterparts; the prices were found to be rising here as well. Supplies were constricted and the available volumes in the inventories plummeted. Demand from the downstream consuming sectors was on the rise.

The global economy was also witnessing a severe supply chain crisis. Wars in Europe and the Middle East complicated geopolitical and economic relationships between nations and trading partners. Amidst all this chaos, the natural rubber prices in the US market kept heading north throughout the period of discussion.

Analyst Insight

According to Procurement Resource, the Natural Rubber price trends are expected to continue rising in the near future as the supply situation will take some time to improve.

Natural Rubber Price Trend for October - December of 2023


In the fourth quarter of 2023, the Asian price trend for Natural Rubber experienced a complex and volatile price trend. The primary drivers of this fluctuation were the excessive rainfall in major rubber-producing countries like Thailand and Vietnam, which significantly disrupted latex extraction and reduced rubber quality. This situation led to concerns about supply shortages, exerting upward pressure on Natural Rubber prices.

Despite these challenges, demand remained robust, particularly in the tire industry, which continued to operate at full capacity, further straining the supply-demand balance. As a result, the Natural Rubber prices in Asia saw an overall upward trend, reflecting the region's critical role as a major producer in the global rubber market.


In Europe, the Natural Rubber price trend in the fourth quarter of 2023 mirrored the global trend to an extent but was influenced by unique regional factors. The primary concern in Europe was the supply chain disruptions due to geopolitical tensions and adverse weather conditions in key rubber-producing regions. The European tire and automotive industries, major consumers of Natural Rubber, faced increasing operational costs due to these supply constraints, contributing to a rise in Natural Rubber prices.

The market also had to navigate the additional challenge of balancing environmental regulations with industry demands, especially in light of the European Union's Deforestation-free Regulation (EUDR). Overall, the European Natural Rubber market exhibited a rising price trend in the fourth quarter of 2023, driven by supply challenges and steady industrial demand.

North America

The North American Natural Rubber price trend in the fourth quarter of 2023 witnessed an uptrend impacted by global supply chain issues and heightened geopolitical tensions. The market witnessed a rising trend in Natural Rubber prices, largely influenced by the disruptions in major rubber-producing countries in Asia and the resultant supply shortages.

Additionally, North America's substantial dependence on imports for its rubber needs made the market particularly sensitive to fluctuations in global rubber production. The rising crude oil prices further complicated the situation, as they often correlate with synthetic rubber prices, a substitute for natural rubber. The tire industry in North America, a major consumer of Natural Rubber, faced increased production costs, reflecting the overall market trend of rising prices.

Moreover, the heightened shipping costs and potential disruptions in ocean freight due to geopolitical tensions added to the market's challenges. In summary, the North American Natural Rubber market in the fourth quarter of 2023 was characterized by escalating prices driven by supply constraints and increased global demand, amid a backdrop of complex geopolitical and economic factors.

Analyst Insight

According to Procurement Resource, in 2024, the global natural rubber market is poised for continued complexity, with probable demand decline in non-ANRPC regions due to geopolitical and economic factors. However, robust growth in ANRPC countries like China, Thailand, and India could partly offset this trend, requiring stakeholders to navigate a multifaceted and evolving market landscape.

Natural Rubber Price Trend for the July - September of 2023


Natural Rubber experienced mixed price trend throughout the third quarter of the year 2023. In the Chinese domestic natural rubber market, the prices dipped marginally in the first half of the quarter but rebounded sharply in the latter half of Q3'23. However, since the overall quarterly inclination at the end of the three-month time span was just 2%, the prices fluctuated within a limited range. The average monthly spot prices varied from around 1665 USD/MT in July '23 to about 1711 USD/MT in September '23.

Similarly, the Indian natural rubber market was also stable with an almost plateaued price graph since the average monthly prices shifted from about 2182 USD/MT (EXW, Kottayam) in July to around 2195 USD/MT in September of 2023. These price patterns suggested a healthy supply and demand dynamic for natural rubber in the region during the given time. Overall, a stable price analysis was witnessed for natural rubber in Q3'23.


In the European natural rubber market, the price index registered numbers wavering within a confined range; however, here, the prices first escalated from July to August and then dipped in the last month of the quarter. This can be seen by the quarterly variation in the monthly average prices as the prices moved from about 1635 USD/MT (CIF, RSS1) in July '23 to around 1630 USD/MT in September '23. Overall, some stagnancy was experienced in the European natural rubber market during the said time.

North America

The North American natural rubber market also fluctuated more on the lower side of the price curve. The inflation and complex economic situation in the region hindered the market sentiments at both suppliers and consumers ends. Overall, tepid market performance was witnessed by natural rubber during the said time period.

Analyst Insight

According to Procurement Resource, after the steadiness witnessed, the market prospects look promising for the coming months. The natural rubber prices are expected to rise going forward.

Natural Rubber Price Trend for the First Half of 2023


Mixed price trend were observed for natural rubber in the Asian market. The spot prices went from about 1843 USD/MT in January to around 1651 USD/MT in June in the Chinese domestic market. Inventory and supply levels influenced the price trend amidst stable demands. As the Chinese manufacturing and industrial activities started opening up post-lockdown, supplies increased, supporting the declining price trend.


European Natural Rubber prices mostly declined during the first half of 2023. The only variation was in the first month, where the FD Spot prices averaged from around 1715 USD/MT (CIF, Europe) to around 1875 USD/MT (CIF, Europe) in February, but soon after, those prices started declining and continued declining till the end of the second quarter. The prices stood at about 1670 USD/MT in June’23. The price trend for natural rubber were influenced by stable demands and high inventories in H1 2023.

North America

The US Natural Rubber market behaved very similarly to the Asian market as the prices mostly remained on a downward trend. As the inventories grew while energy and crude oil prices declined, suppliers had to revise the asked prices as the demands stayed stable and the market experienced reduced momentum. Overall, fluctuating price trend were observed.

Analyst Insight

According to the Procurement Resource, Natural Rubber prices are expected to continue similar fluctuating price trend, as market offtakes will continue to remain volatile.

Natural Rubber Price Trend for the Second Half of 2022


In the third quarter of 2022, the prices of natural rubber witnessed a gradual decline due to the weak demand from the tire and adhesive industries. The production rates in the region were reduced and as a result, the offtakes declined. In addition to this, the supply remained abundant leading to stockpiling, further aiding the price decline. The fourth quarter was also identical to the previous one in terms of demand. Additionally, crude oil and natural gas prices fell, further contributing to the falling price trend for natural rubber.


The third quarter was favourable for the natural rubber market as the prices inclined due to stable demand from the tire and adhesive industries. The increased prices of raw materials drove the production costs further aiding the price rise.  However, the fourth quarter did not follow these steps and the prices declined as a result of weak downstream demand. The automotive sector took the biggest hit and with the fall in the prices of crude oil, the price trend of natural rubber struggled to remain afloat in the fourth quarter.

North America

The price trend frequently fluctuated in the North American region as the rise in production and excessive supply declined the prices in August. However, the disruptions in the supply chains and increase in demand resulted in an incline in the prices of natural rubber towards the end of the third quarter. In the fourth quarter, the prices declined gradually as the automotive sector saw sluggish demand and the cost of production along with crude oil and natural gas fell aiding in the declining price trend for natural rubber.

Analyst Insight

According to Procurement Resource, the price trend for Natural Rubber are expected to show a mixed trend in the upcoming quarter given the rise in the momentum of the automotive sector and demand outlook globally.

Natural Rubber Price Trend For the First Half of 2022


According to ANRPC, the global outlook for natural rubber looks positive for the current year. The price of natural rubber on the Singapore Commodity Exchange- one of the vital international exchanges for rubber, went from 1.97 USD/kg in January 2022 to 2.03 USD/kg in June 2022. The prices peaked in March 2022, averaging 2.12 USD/kg.

The price trend for the commodity were partially mixed in the Indian Domestic market. Despite the strong market demand, the market suffered from many uncertainties in the form of labour shortages, off-tapping season, adverse climate, surging crude oil prices, and delayed shipment of supplies which aggravated the supply tightness in the following months. In March, the futures contract of natural rubber averaged 168.90 INR/kg on Multi Commodity Exchange.

The contract price of SMR 20 – majorly imported by tyre manufacturers, averaged 129.51 INR/kg, and that of Latex averaged 123.44 INR/kg. The futures contract prices (May 2022) of natural rubber averaged 161.69 INR/kg or 13.47 RMB/kg on Shanghai Futures Exchange. For Latex, the price averaged 123 INR/kg, and that of RSS4 averaged 171 INR/kg.

In the Chinese domestic market, natural rubber prices fluctuated a bit. The prices went from 164.41 USD cents/kg in May 2022 to 163.65 USD cents/kg in June 2022. This fall in the prices of the commodity was due to the reduced activity caused by covid-19 restrictions coupled with the plunging confidence of the buyers/traders in the market conditions.


Owing to the current geopolitical tensions, crude oil prices surged worldwide, causing the costs of synthetic rubber to inflate. These inflated prices raised the demand and consumption of natural rubber in the market, thereby driving its price trend towards the higher end of the scale. There has been a continuous hike in its prices since the start of the current year. Prices of RSS3 grade averaged 181.8 eurocents/kg in January.

North America

During the first half of 2022, the prices of US natural rubber averaged between 2.79 USD/kg to 2.91 USD/kg or 2789.89 USD/MT in New York and Washington DC.

For the Fourth Quarter of 2021


In November 2021, the natural rubber prices in India were approaching the 200 INR/kg barrier, having reached an eight-year high. The increase was sparked by a severe scarcity, exacerbated by exceptional rains during peak tapping season. The RSS-4 grade which is utilized in the tyre sector was priced at 188 INR/kg, up more than 9% in the last month.

Merchants stated that the market's unofficial prices were somewhere around 192 INR/kg. Heavy rains occurred on top of import bottlenecks and skyrocketing latex prices, all of which occurred during November's prime tapping season. Typically, rubber estates are rain-guarded between April and May. However, it was hurt hard this year by Covid-19's revival and the lockdown. The rain guards, which were erected to endure the Southwest monsoon, proved unsuccessful during October and November's intense rains.

The rubber sector had asked the government to request concessionary imports of the product which the government had not considered. Simultaneously, a container shortage resulted in an increase in freight prices, blocking lucrative imports of the item. However, in November and December, the rate of RSS 4-grade fell to approximately 162 INR/kg.

Natural rubber prices in China were highly dependent on how quickly and effectively China resolved its power supply problems. The dynamics were critical to the market's short-term fundamentals. China utilized 507,000 MT of the commodity in August and 50,000 MT in September, despite the fact that manufacturing activities were hampered by the power supply shortage.

International costs decreased significantly since June. This was primarily due to weak demand from China, the world's largest customer. However, by the second part of October, it was hoped that China's manufacturing industry would resume normal operation, as a result of which worldwide natural rubber prices would begin to climb northward and firm.


According to data recently released by the SNCP (Syndicat National du Caoutchouc et des Polymères), prices for rubber products continued to rise during the second half of the year. Prices for natural and synthetic base material continued to rise in January, according to the French rubber industry group.

In this market, SNCP's RSS3 grade tracker indicated a year-on-year price recovery to 181.88 EUR cents/kg in January 2022. The RSS3 pricing trend showed a substantial improvement in the first month of Covid-hit 2021, when prices approached the 150 EUR cents/kg barrier, albeit they remained much lower than the above 200 EUR cents/kg prices seen a year ago.

For First, Second and Third Quarters of 2021


By August 2021, the domestic economy in India had already experienced an acute scarcity of raw materials. The severe Covid crisis in Kerala harmed production even more. Additionally, the increase in latex consumption impacted sheet rubber production, which saw a 25-30% decline in output. Latex was purchased at a high price of 155 INR/kg.

To avoid complications with sheet processing, rubber planters were compelled to switch to latex, although temporarily. In India, the product’s productivity rose 28% year on year to 325,000 MT during the first six months of FY21. Nonetheless, it was unable to keep up with rising spending as the economy recovered from the consequences of the Covid-19 crisis. Between January and August 2021, consumption increased by roughly 45% to 630,000 MT.

Imports were contracted to cover the gap by the struggling tyre industry but were delayed due to an extreme container scarcity and freight rate increases. Additionally, prices remained stable in India due to the following factors such as supply and demand outages caused by lower output in the country's largest producer of the commodity, Kerala, a decline in automobile production due to a semiconductor chip shortage, and increased demand for latex gloves following the COVID-19 pandemic. Numerous producers were exporting rubber as latex rather than turning it into sheets for industry.

Natural rubber prices in China continued to rise in August, owing to China's increased acquisition in huge amounts. They were expected to strengthen further, owing to China's increased imports in significant amounts. Between August and November, China was anticipated to consume approximately 500,000 MT. However, only 115,000 MT of this could be met by domestic production. For the next couple of months, mood in the physical markets was dominated by the imminent arrival of Chinese purchasers into the Asian market for sizable imports.


Consumption fell considerably in the European region in 2021-2022 as a result of decreasing vehicle production. Nonetheless, a late-year resurgence in both demand and oil prices provided a much-needed boost to the product's values.

North America

Prices remained stable due to low demand. They decreased to 1.74 USD/kg in November 2021, from approximately 2.40 USD/kg in March 2021, a seven-year high. Demand dwindling as a result of lower-than-expected vehicle sales, a result of the semiconductor shortfall, helped keep expenses under control as two-thirds of natural rubber was being used in tyre manufacturing.

Global logistical delays, unexpected rises in ocean freight costs, and an acute scarcity of semiconductors, all weighed on the rebound momentum in a number of critical sectors. Additionally, there were geopolitical concerns, most notably the upheaval in Afghanistan as a result of the US's precipitous exit, which destabilized the markets. Climate and geopolitical concerns drew speculative investors away from risky assets, which had an effect on its futures.

For the Year 2020


Natural Rubber prices were quoted at 14,722 INR/100 kg in Kottayam, India for 2020. Since April 1, 2020, their price in India have nearly doubled. The spike has been linked primarily to global reasons, most notably China's large volume purchases from the top producer. RSS-4 grade was quoted at 163 INR/kg in Kottayam on December 1, a six-year peak in India.

This increased price was necessary due to Thailand's manufacturing being harmed by new coronavirus-related travel restrictions. The limitations stopped Laotian and Myanmarese rubber tappers from visiting Thai rubber estates. Additionally, trees in South-East Asia had been afflicted by pestalotiopsis, a fungal disease that results in irregular leaf fall. Indian production was reduced in 2020 as a result of growers abandoning the tapping technique.


Global natural rubber prices increased once more, as exporters targeted the global automobile and other processing plants. Nonetheless, because the pandemic remained uncertain, local exporters were cautious in setting profit objectives for this year. In 2020, France sold natural rubber worth 87 million US dollars to other nations.

As a result, France was listed among the world's top 15 natural rubber exporting countries by value in 2020. Germany's exports were worth 79.2 million US dollars in 2020. This was a nearly 10% reduction from the previous year. Germany remained, nevertheless, one of the top twenty exporters of the product in the world.

North America

90% of the world economy is reliant on Asia for natural rubber supply. For instance, the United States imported natural rubber worth $140 million in March 2020 solely. Travel limitations associated with the COVID-19 outbreak had a significant influence in 2020 on the natural rubber production declines.

It hampered the physical access of migrant labourers from Laos, Myanmar, and other border nations to Thailand and Malaysia's plantations and fields. The harbors in that region were heavily struck by the epidemic, resulting in increased loading / unloading delays, as well as container shortages.

Latin America

Between June 2020 and November 2020, the price of the product climbed from 31.2 MXN/kg to 46.56 MXN/kg. The growing natural rubber prices were attributable to global industries grinding to a halt as a result of the coronavirus epidemic, as well as the resulting demand and supply gap.

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Natural Rubber is basically an elastic substance that is derived from the latex sap of trees, especially those trees that do belong to the genera Hevea and Ficus. Moreover, it is an elastomer or an elastic hydrocarbon polymer. It is a thermoplastic, which can further be vulcanised like other synthetic rubbers.

Product Details

Report Features Details
Product Name Natural Rubber
Synonyms India rubber, Latex, Amazonian rubberCaucho or caoutchouc
Industrial Uses Tyres, Footwears, Stationary Item, Balloons, Gloves, Tubes, Others
Supplier Database Sri Trang Agro-Industry Plc, Thai Hua Rubber Company Limited, Halcyon Agri. , Von Bundit Co., Ltd., Southland Rubber Group
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Natural Rubber from Rubber Trees

The rubber trees are ‘tapped’ for collecting the rubber latex. For this, an incision is made into the bark of the tree where the latex sap is collected in cups. It is further processed industrially before commercial use.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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