Natural Rubber Price Trend and Forecast

Natural Rubber 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 Q4 of 2024

Product	Category	Region	Price	Time Period
Natural Rubber	Packaging	Asia	2465 USD/MT	October'24
Natural Rubber	Packaging	Asia	2383 USD/MT	December'24
Natural Rubber	Packaging	Europe	2200 USD/MT	October'24
Natural Rubber	Packaging	Europe	2095 USD/MT	December'24

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Asia

Natural rubber markets in Asia experienced regional variations throughout Q4 of 2024. Agricultural production in Thailand and Indonesia was disrupted by erratic weather patterns. Heavy rains in Indonesia made harvesting more difficult, while flooding caused delays in order deliveries during the early days of the quarter.
 

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Despite these challenges, demand from the automobile and other sectors remained stable throughout the period, leading to fluctuating prices within a range. The monthly average natural rubber prices were around 2465 USD/MT in October and approximately 2383 USD/MT in December.

Europe

During the fourth quarter, the European market experienced mixed trends in the natural rubber price curve. In the early part of the quarter, the market was heavily impacted by insufficient demand from major industries such as automotive and tire manufacturing. Despite this pressure, stock levels remained high due to the influx of imports from Asia, which led to oversupply. This was reflected in the notable downward movement of the natural rubber price curve during the first two months of the quarter.

Additionally, manufacturers and traders prioritized clearing inventories by offering discount incentives in anticipation of the year-end deadline. The natural rubber price fell from approximately 2200 USD/MT (CIF) in October to approximately 2095 USD/MT in December. Towards the end of the quarter, prices showed signs of stabilization.

North America

The natural rubber price curve reflected global trends in the North American market during the last quarter of 2024. The natural rubber prices remained relatively stable, with fluctuations observed, but prices stayed within a range as a balance between supply and demand was maintained during the period.

The market exhibited cautious behavior ahead of the upcoming elections in the United States. On-demand purchases were made, while the automobile and technical textile sectors showed moderate demand for the commodity amid a slight decline in imports. As the quarter progressed, a similar price trend was maintained, reflecting the uncertainties surrounding government policies.

Analyst Insight

According to Procurement Resource, the natural rubber prices may witness steady trends in the near future as reduced production capacities during the new year holidays is expected to balance out the demand making the prices to waver in the narrow range.
 

Natural Rubber Price Trend for the Q3 of 2024

Asia

In Asia, where the majority of natural rubber production occurs, countries like Thailand, Vietnam, and Indonesia are grappling with adverse climatic conditions. These challenges have led to reduced yields and operational inefficiencies, affecting the overall supply of natural rubber. As producers navigate these difficulties, market sentiment is likely to lean toward a cautious stance, with stakeholders closely monitoring weather patterns and their implications for tapping activities.

Despite these constraints, some signs of resilience are emerging, particularly in China's demand for natural rubber. As the Chinese economy continues its recovery, a revitalized appetite for tire production and other rubber-dependent sectors may provide a stabilizing influence on the market.

Europe

In Europe, the natural rubber landscape is characterized by the complex interplay of regional manufacturing needs and external supply pressures. European tire manufacturers are anticipated to be more discerning in their purchasing strategies, influenced by the volatility of raw material prices. While the automotive sector is rebounding, the ongoing uncertainty in supply chains, exacerbated by geopolitical factors, may lead to strategic stockpiling by manufacturers. This cautious approach could create short-term fluctuations in demand, resulting in a somewhat fragmented pricing environment.

The demand from the healthcare and construction industries, which also rely on natural rubber, will further contribute to the overall market dynamics, although any uptick in consumption may not completely offset the supply constraints.

North America

In North America, the narrative surrounding natural rubber prices in Q3 2024 is shaped by the region's significant reliance on imports for raw material supplies. The ongoing price pressures are likely to be felt acutely in the manufacturing sectors, particularly in tire and rubber product production. As U.S. manufacturers face escalating costs, there could be increased scrutiny on procurement strategies, with many companies looking to diversify their supply sources. This shift may not only mitigate the impact of price volatility but also foster long-term sustainability in the face of fluctuating market conditions. The influence of currency exchange rates will also play a critical role, as changes in the strength of the U.S. dollar against rubber-producing countries’ currencies could affect pricing dynamics and trade relationships.

Analyst Insight

According to Procurement Resource, the price trend of Natural Rubber is expected to showcase the consequences of slow influx of raw materials globally and fast paced expansion of its demand.
 

Natural Rubber Price Trend for the Q2 of 2024

Product	Category	Region	Price	Time Period
Natural Rubber	Packaging	China	1904 USD/MT to 2050 USD/MT	Q2'24

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Asia

China's natural rubber market attained a bearish tone during the early phase of the second quarter. However, since then, the market momentum has paced up under the influence of limited raw material output from major production areas like Thailand and Vietnam, compounded by the adverse weather effects in Chinese regions such as Yunnan and Hainan.

These supply constraints were further aggravated by the return of consumer confidence, leading to an overall increase in the average prices of natural rubber from 1904 USD/MT to 2050 USD/MT. However, the accelerating pace of the market was challenged by high volatility and gradual recovery of raw material supply chains in mid to late June with the stabilization of weather conditions and off-period for tire companies, leading to average sales figures and restrained procurement activities.

Europe

In the European countries, the natural rubber market defied the global trend as the price quotations declined consistently throughout Q2'24. The traders anticipated that these bleak sentiments of the market were influenced by the limited purchasing activities of the downstream industries and supply constraints.

The European market is 100% dependent on imports from Indonesia, Thailand, Cote d'Ivoire, and Malaysia, but in recent times, the diversion of the downstream industries to sustainable imports has posed a challenge for the market, limiting the trading activities of natural rubber downstream products, exerting a negative influence on the market. The EUDR regulations and the inclining cost of transportation with the diversion of the Red Sea route have further escalated the concerns of the traders and consumers, reflected well in the price trend of European natural rubber.

North America

In the month of April, Vietnam exported approximately 1090 tons of rubber to the US, marking an increase of 0.3% as compared to last year as the region expanded its consumer base. This modest inclination in export factors was not only limited to Vietnam, as Thailand and Indonesia reported similar trends. Although on the other hand, these nations reported a slight decline in their domestic production volumes, constricting the global supply chains.

Along with these fundamentals, the container shipping charges also witnessed a gradual incline in their quotations. Meanwhile, the currency fluctuations with the strengthening of producer countries' currency values against the US dollar additionally fueled the recovery of the natural rubber market in the US. All these primary and secondary factors of the market suggest a positive outlook for the natural rubber market in North America during the second quarter of 2024.

Analyst Insight

According to Procurement Resource, the price trend of Natural Rubber is estimated to incline in major parts of the given the reduced production forecasts of Thailand and Indonesia and surge in the procurement rates of the downstream industries, particularly the tire industries in the near quarters.
 

Natural Rubber Price Trend for the Q1 of 2024

Product	Category	Region	Price	Time Period
Natural Rubber	Packaging	China	1800 USD/MT	January 2024
Natural Rubber	Packaging	China	1892 USD/MYT	March 2024
Natural Rubber	Packaging	Europe	1767 USD/MT	January 2024
Natural Rubber	Packaging	Europe	1909 USD/MT	March 2024

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Asia

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.

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.

Europe

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

Asia

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.

Europe

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

Asia

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.

Europe

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

Asia

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.

Europe

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

Asia

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.

Europe

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

Asia

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.

Europe

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.
 

Natural Rubber Price Trend For the Fourth Quarter of 2021

Asia

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.

Europe

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.
 

Natural Rubber Price Trend For First, Second and Third Quarters of 2021

Asia

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.

Europe

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.
 

Natural Rubber Price Trend For the Year 2020

Asia

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.

Europe

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.

Procurement Resource provides latest prices of Natural Rubber. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.