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
In the first quarter of 2024, nitrile butadiene rubber (NBR) prices in North America exhibited a mixed trend influenced by several factors, including weak demand from downstream automotive industries, reduced industrial activity, and persistent inflationary pressures. The inflow of new inquiries from automotive industries remained average, with US new vehicle sales in January showing a significant decrease from December 2023 and a slight increase from January 2023, impacting the demand dynamics for upstream raw materials like NBR. Additionally, concerns about crude oil supply due to production cuts by OPEC+ nations posed challenges. Despite these factors, NBR prices remained stable throughout the quarter, reflecting subdued market sentiment and limited demand.
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 . In the APAC region, the first quarter of 2024 saw a significant decrease in NBR prices, driven by weak demand from the automotive and construction sectors and reduced inquiries from major importers like China. Higher crude oil prices also increased manufacturing costs for NBR. The Japan Automobile Manufacturers Association reported a notable decline in new vehicle sales in Japan in March 2024 compared to the previous year, pressuring market sentiments. Japan experienced the most significant price changes, with a substantial decrease year-on-year and from the previous quarter. NBR prices in Japan stabilized towards the end of the quarter, reflecting the overall decreasing sentiment in the market.
In Europe, NBR prices decreased significantly in Q1 2024 due to weak demand from the automotive sector, high inflation rates, rising interest rates, and elevated gas and electricity prices. In Germany, new car sales declined significantly in March 2024 compared to the previous year, and the construction sector faced a significant decline due to economic instability and high interest rates. Germany saw a marked year-on-year decrease in NBR prices and a decline from the previous quarter. The overall market sentiment in Europe was pessimistic, influenced by the economic challenges and reduced demand from key industries. Overall, the NBR market across North America, APAC, and Europe faced significant challenges in Q1 2024, with prices influenced by weak demand, economic instability, and supply chain issues.
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 Price Trend
- 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, Colombia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and 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.
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