What this market covers
Natural rubber is latex tapped from rubber trees and processed into sheets and technically specified blocks. Tyre makers, glove makers and industrial rubber goods producers buy it.
Typical segments
- Smoked sheets
- Technically specified rubber
- Latex concentrate
- Crepe rubber
Why this market is moving now
- World trade shrank 5% from 2019 to 2024, a direct read on cross-border demand.
- Vietnam is gaining ground: its exports rose 152% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of natural rubber (HS 400110) were worth $1.73 billion in 2024. | 1.73 USD billion | 2024 | |
| World exports were 5% lower in 2024 than in 2019 ($1.82 billion), calculated from the annual totals. | -5 % since 2019 | 2024 | |
| Thailand was the largest exporter in 2024, with 55% of world exports ($950.2 million). | 55 % of world exports | 2024 | |
| The three largest exporters, Thailand, Vietnam and Cote d'Ivoire, shipped 84% of world exports in 2024. | 84 % of world exports | 2024 | |
| Malaysia was the largest importer in 2024, buying $588.1 million, or 34% of world imports. | 34 % of world imports | 2024 | |
| 24 countries exported more than $1 million of this product in 2024. | 24 countries | 2024 | |
| The average world export price was about $1.48 per kilogram in 2024, calculated from value and weight. | 1.48 USD per kg | 2024 | |
| Countries exported 1.17 million tonnes of this product in 2024. | 1.17 million tonnes | 2024 | |
| Among the ten largest exporters, Vietnam grew fastest, with exports up 152% from 2019 to 2024. | +152 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Tyre manufacturers
- Glove makers
- Industrial rubber goods makers
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global natural rubber market?
There is no single official market total. World exports of HS 400110 reached $1.73 billion in 2024, a direct measure of cross-border trade.
Which countries export the most natural rubber?
Thailand led world exports in 2024 with 55% of the total, followed by Vietnam, Cote d'Ivoire and Guatemala.
Which countries import the most natural rubber?
Malaysia was the largest importer in 2024, followed by China, the United States and Indonesia.
Is world trade in natural rubber growing?
World exports were 5% lower in 2024 than in 2019.
What is the average export price of natural rubber?
Dividing world export value by weight gives about $1.48 per kilogram in 2024.
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