What is the price of natural rubber per kilogram/pound in Guinea today?
The retail price range for Guinea 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 Guinea
The retail price range in Guinean Franc for natural rubber is between XOF 604.31 and XOF 1,208.63 per kilogram or between XOF 274.06 and XOF 548.13 per pound(lb) in Conakry and Guéckédou (Guékédou).
Wholesale prices
In 2024, the approximate wholesale price range for Guinea 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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Guinea Natural Rubber Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Rubber from Guinea over the last five years has been quite varied. In 2016, the price was 1607.71 US dollars per kg, followed by a sharp drop to 0.00 US dollars per kg in 2017. Prices then remained at 0.00 US dollars per kg in 2018 and 2020. In 2021, the price was still 0.00 US dollars per kg. Looking further back, the price was 8811.67 US dollars per kg in 2015, 1146.30 US dollars per kg in 2014, 765.25 US dollars per kg in 2013, 9848.30 US dollars per kg in 2012, 199.56 US dollars per kg in 2011, and 1100.88 US dollars per kg in 2010. It is difficult to predict the prices for 2023 and 2024, but it is likely that the prices will remain relatively low.The Guinea natural rubber exports are classified as:
- 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)
- Technically specified natural rubber "TSNR" (HS code 400122)
- 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)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
Guinea Natural Rubber Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Rubber into Guinea over the last five years has been quite volatile. In 2012, the price was 9848.30 US dollars per kg, which dropped significantly to 765.25 US dollars per kg in 2013. The price then increased to 1146.30 US dollars per kg in 2014, before rising to 8811.67 US dollars per kg in 2015. In 2016, the price dropped again to 1607.71 US dollars per kg, before dropping to 0.00 US dollars per kg in 2017 and 2018. The price has remained at 0.00 US dollars per kg in 2020 and 2021. Based on the data, it is difficult to predict the prices for 2023 and 2024. However, it is likely that the prices will remain relatively stable in the near future.Export values for Guinea natural rubber
The total values in export for natural rubber in Guinea were US$ 27,331, US$ 38,631, US$ 26,002 and US$ 18,197 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Guinea: 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.
Guinea natural rubber - Production, Exports, Imports, Seasons and HS Codes
In 2019 Guinea exported 12,195 tonnes of natural rubber. For the year 2019 alone, the market for Guinea natural rubber (processed category) has gone down, with a change of -31.176 percent compared to the year 2018. Between 2017 and 2019, natural rubber's exports decreased by -49.68% netting Guinea US$18.20m for the year 2019. Guinea's natural rubber exports are categorised as:
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
- Smoked sheets of natural rubber (HS code 400121)
- Technically specified natural rubber "TSNR" (HS code 400122)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
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Guinea natural rubber export values
In 2019, Guinea exported natural rubber valued at 18.20m USD, a drop of -30.01% from 2018's total natural rubber export of 26.002m USD. The yearly change in value of Guinea natural rubber between 2017 to 2018 was -32.691 pc.
The per year change in the amount of Guinea's natural rubber exports between 2017 and 2019 was -49.68% compared to a variation of -31.176% in the period between 2018 and 2019.
Export markets for Guinea natural rubber ( in '000$ )
Guinea's top export markets for natural rubber are Spain, France, Poland, Italy and Germany.
Guinea purchased 0 tonnes of natural rubber in 2019.
Production
The production of natural rubber in Guinea was 87,670 tonnes in 2019 and is projected to change by an average of 2.33%. The country had approximately 67,265.00 hectares under natural rubber cultivation.