Neoprene Rubber Price in USA
- United States: 7510 USD/MT
Neoprene rubber prices in the USA followed a downward trend in October 2022, showed signs of improvement in November, and then experienced another decline in December. By December, the assessed prices for neoprene rubber in the USA were at 7510 USD/MT CFR Texas.
The latest report by IMARC Group, titled "Neoprene Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of neoprene 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.
Neoprene Rubber Prices December 2023:
- United States: 7510 USD/MT
- Japan: 7630 USD/MT
- Germany: 4050 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting neoprene 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/neoprene-rubber-pricing-report/requestsample
Neoprene Rubber Price Trend- Q4 2023
In North America, the neoprene rubber market, as of the fourth quarter of 2023, exhibited significant resilience, primarily driven by the automotive sector. This robust demand was spurred by an upswing in vehicle sales and production in the United States, even amid challenges such as labor strikes and elevated interest rates. The United Auto Workers strike against major automakers highlighted some potential disruptions, yet production continued, underscoring a stable demand for neoprene rubber. Additionally, although logistical issues like the congestion at the Panama Canal posed potential threats to supply chains, they did not severely impact the availability of neoprene rubber. The market also benefited from a surplus in shipping capacity, due to a reduced demand for shipping from Asia, which moderated any potential supply shortages.
Neoprene Rubber Market Analysis
The global neoprene rubber market size reached 384.6 thousand tonnes in 2023. By 2032, IMARC Group expects the market to reach 545.1 thousand tonnes, at a projected CAGR of 4.00% during 2023-2032. In December 2023, the pricing of neoprene rubber was shaped by a complex interplay of market dynamics, especially in the APAC and European regions. In APAC, prices were particularly sensitive to the shifts in demand and supply. Moderate demand from the elastomers industry and heightened activity in the automotive and construction sectors across various Asian countries pushed the consumption rates up. However, inventory levels were not fully adequate to meet this demand, creating slight tensions in supply dynamics. Additionally, upstream factors like naphtha and crude oil prices experienced declines due to increased refining capacity and resumed operations in North American refineries. Despite these cost pressures, the strong demand from China, buoyed by government incentives for new energy vehicles and an improving economic landscape, exerted upward pressure on prices.
Conversely, the neoprene rubber market in Europe faced different challenges that influenced its pricing. The market experienced a bearish trend due to low to moderate demand, primarily from the construction and automotive industries. The slowdown in these sectors was further exacerbated by a contracting manufacturing sector, leading to reduced production rates and an overall decrease in neoprene rubber consumption. High inventory levels due to sluggish procurement activities compounded these issues, leading to a supply surplus. In Germany, a significant decline in passenger car sales further depressed the market, impacting demand negatively. The price of neoprene rubber in Europe, particularly in Germany, consequently, saw a notable decrease by the end of the quarter. These regional disparities highlight the varied factors influencing neoprene rubber prices globally, driven by economic conditions, sectoral performance, and supply chain efficiencies.
Browse Full Report: https://www.imarcgroup.com/neoprene-rubber-pricing-report
Key Points Covered in the Neoprene Rubber Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Neoprene Rubber Prices
- Neoprene Rubber Price Forecast
- Neoprene Rubber Demand & Supply
- Neoprene Rubber Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Neoprene Rubber Price Analysis
- Neoprene Rubber Industry Drivers, Restraints, and Opportunities
- Neoprene 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, Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
