Nitrile Butadiene Rubber Price in USA
- United States: 2980 USD/MT (NBR 41%-66%)
In December of Q4 2023, the price of nitrile butadiene rubber in the United States hit 2980 USD/MT (NBR 41%-66%). The US automotive sector experiences a steady stream of new inquiries and maintains ample raw material supplies.
The latest report by IMARC Group, titled "Nitrile Butadiene Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of nitrile butadiene rubber prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Nitrile Butadiene Rubber Prices December 2023:
- United States: 2980 USD/MT (NBR 41%-66%)
- Japan: 2040 USD/MT (NBR 36%-43%)
- Germany: 2430 USD/MT (NBR 18%-40%)
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The study delves into the factors affecting nitrile butadiene rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Nitrile Butadiene Rubber Price Trend- Q4 2023
Numerous factors have shaped the dynamics of the nitrile butadiene rubber (NBR) market; these dynamics were especially evident in the fourth quarter of 2023. The slow and unsatisfactory recovery in demand from the automobile industry had a major impact on the NBR market in North America. This resulted in downstream manufacturing companies having reduced operational capacities. A sluggish building sector and lower consumer purchasing power as a result of high interest rates added to the burden. All of these elements combined to depress market sentiment. The automobile sector saw a moderate number of new inquiries in the middle of the quarter, indicating some signs of recovery despite these difficulties. In addition, a notable decline in the price of crude oil during this time period also added to downward pricing pressures, which were made worse by the adequate supply of finished NBR products.
Nitrile Butadiene Rubber Market Analysis
The global nitrile butadiene rubber market size reached US$ 2.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.7 Billion, at a projected CAGR of 5.40% during 2023-2032 A number of significant factors significantly affected the price of nitrile butadiene rubber (NBR) in December 2023. First, in an effort to increase shipments, manufacturers cut prices as a result of the end-of-year destocking efforts. In a number of markets, including the US and Europe, this pricing approach was visible as businesses got ready for the upcoming fiscal year. Alongside the destocking, the United States saw a decline in exports as a result of weak global demand brought on by aggressive interest rate hikes implemented by central banks across the globe during the previous year in an effort to combat excessive inflation. The domestic and international markets were severely slowed down by these economic policies, which increased pressure on NBR pricing.
Moreover, the changes in prices were not consistent in every area. In the APAC area, for example, market sentiments marginally improved as a result of inquiries from the construction industry; however, total demand stayed low, impacted by fluctuations in upstream butadiene prices and ongoing inflationary pressures. In Europe, the lack of robust demand from the building and automobile industries kept the market pessimistic even with natural gas prices declining, which could have provided some cost relief. The price trend showed that downstream sectors were purchasing with caution and moderation. In Germany, there were notable price reductions as a result of a lackluster demand and insufficient raw material cost support to maintain or raise NBR pricing. All of these variables worked together to keep pressure on the NBR market, which resulted in major price reductions heading into the new year.
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Key Points Covered in the Nitrile Butadiene Rubber Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Nitrile Butadiene Rubber Prices
- Nitrile Butadiene Rubber Demand
- Nitrile Butadiene Rubber Demand & Supply
- Nitrile Butadiene Rubber Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Nitrile Butadiene Rubber Price Analysis
- Nitrile Butadiene Rubber Industry Drivers, Restraints, and Opportunities
- Nitrile Butadiene Rubber News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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