What is the price of natural rubber per kilogram/pound in Philippines today?
The retail price range for Philippines natural rubber is between US$ 3.02 and US$ 7.49 per kilogram or between US$ 1.37 and US$ 3.40 per pound(lb). Click here to see today's exact prices of natural rubber in Philippines
The retail price range in Philippine peso for natural rubber is between PHP 168.00 and PHP 416.96 per kilogram or between PHP 76.19 and PHP 189.10 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines natural rubber is between US$ 2.11 and US$ 5.24 per kilogram or between US$ 0.96 and US$ 2.38 per pound(lb).
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Philippines Natural Rubber Export Prices - Historical, Trends and Prediction
The export price per kilogram of Natural Rubber from Philippines has seen a steady decline over the last five years. In 2017, the price was 0.74 US $ per kg, which dropped to 0.61 US $ per kg in 2019. The price then increased slightly to 0.62 US $ per kg in 2020, before rising to 0.8 US $ per kg in 2021. Based on this trend, it is likely that the export price per kilogram of Natural Rubber from Philippines will be around 0.77 US $ per kg in 2023 and 0.74 US $ per kg in 2024.The natural rubber exports from the Philippines are categorised as:
- 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)
- 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)
Philippines Natural Rubber Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Rubber into Philippines has seen a steady decline over the past five years. In 2016, the price was $0.53, followed by a slight increase to $0.74 in 2017. However, the price has been decreasing since then, with the latest figure being $0.62 in 2020. This is a decrease of 11.32% from the 2016 figure. The trend suggests that the price of Natural Rubber is likely to remain low in the coming years. Based on the data, it is predicted that the import price per kilogram of Natural Rubber into Philippines will be $0.58 in 2023 and $0.54 in 2024.Export values for Philippines natural rubber
The total values in export for natural rubber in the Philippines were US$ 36,391, US$ 99,051, US$ 76,004 and US$ 76,438 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of natural rubber in other countries across Asia: Kazakhstan natural rubber, Kyrgyzstan natural rubber, Tajikistan natural rubber, Turkmenistan natural rubber, Uzbekistan natural rubber, China natural rubber, Hong Kong natural rubber, Macao natural rubber, North Korea natural rubber & Mongolia natural rubber.
Philippines natural rubber - Production, Exports, Imports, Seasons and HS Codes
The volume of natural rubber shipped by the Philippines in 2020 was 157,186 tons. In 2019 The Philippines sold 125,152 tonnes of natural rubber. For 2019 alone, the interest in the Philippines natural rubber (processed category) has increased, recording a change of 5.684 per cent compared to the year 2018. Between 2017 and 2019, natural rubber's exports decreased by -6.23 percent bringing the country US$76.44m for the year 2019. the Philippiness' natural rubber exports are classified as:
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
- Smoked sheets of natural rubber (HS code 400121)
- Technically specified natural rubber "TSNR" (HS code 400122)
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Philippines natural rubber export values
In 2019, the Philippines supplied natural rubber valued at 76.44m USD, a growth of 0.57% from 2018's total natural rubber export of 76.004m USD. The yearly change in value of the Philippines natural rubber between 2017 to 2018 was -23.268%.
The yearly variation in the volume of the Philippiness' natural rubber exports between 2017 and 2019 was -6.23% compared to a variation of 5.684% in the period between 2018 and 2019.
Export markets for Philippines natural rubber ( in '000$ )
the Philippiness' leading destinations for natural rubber are Vietnam, South Korea, India, Indonesia and Canada.
the Philippines procured 20,184 tonnes of natural rubber in 2019.
Production
The production of natural rubber in the Philippines was 2,158,375 tonnes in 2019 and is forecast to change by an average of 1.96%. The country had approximately 1,147,155.00 hectares under natural rubber cultivation.