Nitrile Butadiene Rubber Pricing Report, Trend, Forecast, Index, Chart, Demand, Historical Prices

The latest report by IMARC, 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

The nitrile butadiene rubber (NBR) market has experienced a variety of influences that shape its dynamics, particularly noticeable in the fourth quarter of 2023. In North America, the NBR market was predominantly affected by the sluggish rebound in demand from the automotive sector, which did not recover as expected. This led to lower operating capacities among downstream manufacturing firms. Additional pressures came from a weak construction industry and reduced consumer purchasing power, driven by high-interest rates. These factors collectively dampened market sentiments. Despite these challenges, there were some signs of recovery mid-quarter with moderate new inquiries from the automotive sector. Furthermore, a significant drop in crude oil prices during this period also contributed to downward pricing pressures, exacerbated by the sufficient stock levels of finished NBR products.

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 December 2023, several key factors notably influenced the nitrile butadiene rubber (NBR) prices. Firstly, the end-of-year destocking activities led manufacturers to lower prices in an attempt to boost shipments. This pricing strategy was evident across various markets, including the United States and Europe, as companies prepared for the new fiscal year. In the U.S., the destocking was coupled with a decrease in exports due to weak global demand influenced by aggressive interest rate hikes by central banks worldwide since the previous year to combat high inflation. These economic policies significantly slowed down both domestic and international markets, putting additional pressure on NBR prices.

Furthermore, the price adjustments were not uniform across all regions. For instance, in the APAC region, the market sentiments improved slightly due to inquiries from the construction sector, but the overall demand remained low, influenced by volatility in upstream butadiene prices and continued inflationary pressures. In Europe, despite the falling natural gas prices that could have offered some cost relief, the market's lack of strong demand from the automotive and construction sectors kept the market bearish. The price trend reflected a cautious and restrained buying behavior among downstream industries, with significant price reductions observed in Germany due to tepid inquiries and insufficient raw material cost support to sustain or increase NBR prices. These combined factors ensured that the NBR market remained under pressure, with significant price reductions leading 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 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, Columbia, 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:

• Fluoroelastomer Pricing Report
• Fluoropolymer Pricing Report

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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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.

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