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Rubber CY 2023 price trend at a Glance

Unmask Rubber's Price Rollercoaster in 2023! Get a quick snapshot of key trends, highs & lows. Make informed decisions with CostMasters' Rubber Price Insights. (Optional: Link to full report)

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Rubber CY 2023 price trend at a Glance

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  1. Rubber at a Glance-Calendar Year 2023 • Natural registered a growth of 8.3 per cent and its consumption increased 9 per cent in the 2022-23 fiscal compared with the previous fiscal. rubber production • First half of 2023, the year started with increasing trend , primarily due to concerns about reduced supply from key producers like Thailand and Vietnam. 9% 13% • In Third Quarter , prices saw a steady decline, reaching a low in September as weakened and concerns about a potential recession emerged. 7 % global demand • The witnessed recovery, driven by concerns about potential supply disruptions due to weather events in Southeast Asia. latter half a of the year price gradual 28-Feb-24 Nitesh Shukla 9779187536 Nitesh.shukla@costmasters.in

  2. Rubber at a Glance-Calendar Year 2023 • The market is thriving due to high demand in automotive and healthcare, ongoing advancements in rubber manufacturing, and the effects of global economic growth and urbanization. The global rubber market is expected to grow at a compound annual growth rate (CAGR) of 4.5% between 2024 and 2032, reaching a market size of US$ 68.2 billion by 2032. Synthetic rubber accounts for the majority of the market share. Middle East & Africa 3% • Latin America 5% North America 42% • Asia Pacific 20% The Global Rubber Market 80 68.32 70 63.34 57.4 60 52.21 47.68 50 40 30 20 Europe 30% 10 Rubber Market Share by Region 0 2024 2026 2028 2030 2032 The global rubber market Expon. (The global rubber market ) 28-Feb-24 Nitesh Shukla 9779187536 Nitesh.shukla@costmasters.in

  3. Rubber at a Glance-Calendar Year 2023 While every attempt has been made to ensure that the information contained in this newsletter has been obtained from reliable sources, CostMasters will not be responsible for any errors or omissions, or for the results obtained from the use of this information. Given the data collected from public domains there may be omissions or inaccuracies in information. All information in this site is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information. In no event will CostMasters, its related partners or employees thereof be liable for any decision made or action taken in respect to information published herewith. Nitesh Shukla 9779187536 Nitesh.shukla@costmasters.in

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