What is the price of natural rubber per kilogram/pound in Papua New Guinea today?
The retail price range for Papua New Guinea natural rubber is between US$ 0.48 and US$ 1.45 per kilogram or between US$ 0.22 and US$ 0.66 per pound(lb). Click here to see today's exact prices of natural rubber in Papua New Guinea
The retail price range in Kina for natural rubber is between PGK 1.70 and PGK 5.10 per kilogram or between PGK 0.77 and PGK 2.31 per pound(lb) in Port Moresby and Lae.
Wholesale prices
In 2024, the approximate wholesale price range for Papua New Guinea natural rubber is between US$ 0.34 and US$ 1.01 per kilogram or between US$ 0.15 and US$ 0.46 per pound(lb).
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Papua New Guinea natural rubber - Production, Exports, Imports, Seasons and HS Codes
In 2019 Papua New Guinea sold 6,232 tonnes of natural rubber. Through 2019 alone, the demand for Papua New Guinea natural rubber (processed category) has gone down, flactuating by -29.867 per cent compared to the year 2018. Between 2017 and 2019, natural rubber's exports went up by 1.45 pc netting Papua New Guinea US$6.59m for the year 2019. Papua New Guinea's natural rubber exports are categorised as:
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
- Smoked sheets of natural rubber (HS code 400121)
- Technically specified natural rubber "TSNR" (HS code 400122)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
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Papua New Guinea natural rubber export values
In 2019, Papua New Guinea sold natural rubber with a value of 6.59m USD, a decrease of -30.20% from 2018's total natural rubber export of 9.441m USD. The annual reduction in value of Papua New Guinea natural rubber between 2017 to 2018 was 46.713 per cent.
The annual/yearly change in the volume of Papua New Guinea's natural rubber exports between 2017 and 2019 was 1.45% when compared to a variation of -29.867% in the growth rate between 2018 and 2019.
Export markets for Papua New Guinea natural rubber ( in '000$ )
Papua New Guinea's leading destinations for natural rubber are Germany, Czech Republic, Vietnam, Malaysia and China.
Papua New Guinea procured 11 tonnes of natural rubber in 2019.
Production
The production of natural rubber in Papua New Guinea was 40,245 tonnes in 2019 and is forecast to change by an average of 1.48%. The country had an estimated 68,755.00 hectares under natural rubber cultivation.