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Rubber price by country
This post is a summary of the Natural Rubber price developments. The price developments of Natural Rubber are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Natural Rubber price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Natural Rubber prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Natural Rubber prices
- Recent price developments of underlying feedstocks which drive the price of Natural Rubber
- Market futures for both cost drives and feedstocks of Natural Rubber prices
- Adjustment of current supply/demand imbalances in the Natural Rubber market
- Longer term trends in likely demand conditions
Further information on the Natural rubber price index
Here is some additional information
What is Natural rubber
Natural rubber, also known as latex, is a polymer (a long chain of repeating chemical units) that is produced by certain plants, most notably the rubber tree (Hevea brasiliensis). It is a milky, white fluid that is collected from the tree by making a cut in the bark and allowing the latex to flow into a container. The latex is then processed to create raw rubber, which can be molded or shaped into various products.
Natural rubber has a number of unique properties that make it useful in a wide range of applications. It is highly elastic, which allows it to stretch and return to its original shape repeatedly. It is also resistant to water and wear, which makes it ideal for use in products that are exposed to the elements or subjected to wear and tear. Natural rubber is also resistant to electricity and has good insulation properties, which makes it useful in electrical products.
How is Natural rubber produced
The process of making raw rubber from latex involves several steps:
Collection
Latex is collected from rubber trees by making a cut in the bark and allowing the latex to flow into a container. The latex is then transported to a rubber processing facility.
Coagulation
To turn the latex into raw rubber, it must first be coagulated, or made to solidify. This is typically done by adding an acidic coagulant, such as formic acid or sulfuric acid, to the latex. The acid causes the proteins in the latex to coagulate, forming a solid mass of rubber.
Washing and drying
The coagulated rubber is then washed to remove any impurities and excess coagulant. It is then dried to remove the remaining water.
Grinding
The dried rubber is ground into small pieces, which are known as crumbs. The crumbs are then mixed with chemicals and other ingredients to create a uniform, consistent compound.
Compounding
The compound is heated and cooled to set it to the desired consistency and properties. It is then molded or shaped into the desired form using various techniques, such as extrusion, injection molding, or calendering.
Curing
The final step in the process of making raw rubber is curing, which involves exposing the rubber to heat and pressure to complete the chemical reactions that give it its final properties. After curing, the raw rubber is ready to be used in the production of various products.
What is Natural rubber used for
Natural rubber is used in a wide range of products, including:
Tires
Natural rubber is an important component of tires, providing the elasticity and durability needed to withstand the stresses of driving.
Rubber bands
Natural rubber is used to make rubber bands, which are used to hold items together or to keep them in place.
Adhesives
Natural rubber is used as an ingredient in adhesives, which are used to bond materials together.
Footwear
Natural rubber is used to make boots, shoes, and other types of footwear, providing the necessary waterproofing, insulation, and durability.
Medical products
Natural rubber is used in the production of gloves, catheters, and other medical products that require flexibility, elasticity, and resistance to wear and tear.
Conveyor belts
Natural rubber is used to make conveyor belts, which are used in manufacturing and transportation to move materials from one place to another.
Vibration isolation
Natural rubber is used in the construction of buildings and other structures to isolate vibrations and reduce noise.
Electrical insulation
Natural rubber is used in the production of electrical insulation materials, such as wire and cable jackets, due to its resistance to electricity and good insulation properties.
Further reading
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
Trade and market information about Natural Rubber
The global natural rubber market is a significant and growing industry. According to data from the International Rubber Study Group (IRSG), global natural rubber production in 2020 was estimated to be around 13.5 million metric tons. The majority of global natural rubber production comes from Southeast Asia, with Thailand, Indonesia, and Vietnam being the largest producers.
Natural rubber is used in a wide range of products, including tires, rubber bands, adhesives, footwear, medical products, conveyor belts, and electrical insulation materials. It plays a critical role in many industries, including transportation, manufacturing, construction, and healthcare. The demand for natural rubber is expected to continue to grow in the coming years, driven by factors such as population growth, urbanization, and the increasing use of rubber products in emerging economies.
According to https://oec.world/ :
Natural rubber latex are the world’s 1322nd most traded product.
In 2020, the top exporters of Natural rubber latex were Thailand ($1.29B), Vietnam ($206M), Guatemala ($65.1M), Malaysia ($49.7M), and Laos ($41.9M).
Data source: IMF
This data has been partly provided by the IMF and the World Bank. The only change is that it has been indexed for Jan 2019 (so Jan 2019 is set as the index 1.00). The data is provided subject to the terms and conditions as defined by the IMF
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Notes on the price-data
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
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- We combine public publications, import/export records, company announcements, and sources of ad-hoc public information.
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