What is the price of natural rubber per kilogram/pound in Ghana today?
The retail price range for Ghana natural rubber is between US$ 0.97 and US$ 1.93 per kilogram or between US$ 0.44 and US$ 0.88 per pound(lb). Click here to see today's exact prices of natural rubber in Ghana
The retail price range in Ghana Cedi for natural rubber is between GHS 10.38 and GHS 20.77 per kilogram or between GHS 4.71 and GHS 9.42 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana natural rubber is between US$ 0.68 and US$ 1.35 per kilogram or between US$ 0.31 and US$ 0.61 per pound(lb).
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Ghana Natural Rubber Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Rubber from Ghana over the last five years has seen a significant decrease. In 2016, the price was 0.55 US$ per kg, followed by 0.37 US$ per kg in 2017. In 2018, the price increased to 1.29 US$ per kg, before dropping to 1.27 US$ per kg in 2019. In 2020 and 2021, the price was 0.00 US$ per kg. Based on this trend, it is predicted that the export price per kilogram of Natural Rubber from Ghana in 2023 will be 0.25 US$ per kg and in 2024 will be 0.50 US$ per kg.The exports of natural rubber from Ghana are classified as:
- Technically specified natural rubber "TSNR" (HS code 400122)
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Smoked sheets of natural rubber (HS code 400121)
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
Ghana Natural Rubber Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Rubber into Ghana has seen a significant fluctuation over the past five years. In 2016, the price was at its lowest point of $0.55, before increasing to $1.29 in 2018. The price then decreased to $1.27 in 2019, before dropping to $0.00 in 2020 and 2021. Looking ahead, it is likely that the import price per kilogram of Natural Rubber into Ghana will remain relatively stable, with an estimated price of $0.37 in 2023 and $0.55 in 2024.Export values for Ghana natural rubber
The total values in export for natural rubber in Ghana were US$ 43,800, US$ 75,784, US$ 58,595 and US$ 65,549 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of natural rubber in other countries across Africa: Algeria natural rubber, Angola natural rubber, Botswana natural rubber, Burundi natural rubber, Cameroon natural rubber, Cape Verde natural rubber, Central African Republic natural rubber, Comoros natural rubber, DRC Congo natural rubber & Benin natural rubber.
Ghana natural rubber - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana shipped 51,779 tonnes of natural rubber. In 2019 alone, the interest in Ghana natural rubber (processed category) has improved, changing by 13.873 % compared to the year 2018. Between 2017 and 2019, natural rubber's exports went down by -74.95% netting the exporter US$65.55m for the year 2019. Ghana's natural rubber exports are categorised as:
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
- Technically specified natural rubber "TSNR" (HS code 400122)
- Smoked sheets of natural rubber (HS code 400121)
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Ghana natural rubber export values
In 2019, Ghana supplied natural rubber valued at 65.55m USD, a growth of 11.87% from 2018's total natural rubber export of 58.595m USD. The yearly change in value of Ghana natural rubber between 2017 to 2018 was -22.682 per cent.
The per year change in the volume of Ghana's natural rubber exports between 2017 and 2019 was -74.95 percent compared to a variation of 13.873% in the period between 2018 and 2019.
Export markets for Ghana natural rubber ( in '000$ )
Ghana's best performing export markets for natural rubber are Malaysia, China, United Kingdom (UK), Turkey and South Africa.
Ghana imported 15 tonnes of natural rubber in 2019.
Production
The production of natural rubber in Ghana was 152,500 tonnes in 2019 and is estimated to change by an average of -26.15%. The country had approximately 177,590.00 hectares under natural rubber cultivation.