Global price of Rubber
PRUBBUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.02
Year-over-Year Change
-4.86%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of rubber, as measured by the PRUBBUSDM series, is an important economic indicator that reflects the supply and demand dynamics of this critical industrial commodity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Rubber is a versatile raw material used in the production of tires, automotive parts, and a wide range of other industrial and consumer products. The PRUBBUSDM series tracks the monthly average world price of natural rubber, providing insights into global trade patterns and the health of key manufacturing sectors.
Methodology
The data is collected by the International Rubber Study Group based on market prices reported from major trading centers.
Historical Context
Rubber prices are closely monitored by policymakers and market analysts as a barometer of global economic activity and industrial production.
Key Facts
- Rubber is the 4th most-traded commodity globally after crude oil, gold, and wheat.
- The top 3 rubber-producing countries are Thailand, Indonesia, and Vietnam.
- Rubber prices reached an all-time high of $6.40/kg in 2011 due to supply shortages.
FAQs
Q: What does this economic trend measure?
A: The PRUBBUSDM series tracks the monthly average world price of natural rubber, a key industrial commodity used in manufacturing and production.
Q: Why is this trend relevant for users or analysts?
A: Rubber prices are an important barometer of global economic activity and industrial production, providing insights into supply-demand dynamics and trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the International Rubber Study Group based on market prices reported from major trading centers.
Q: How is this trend used in economic policy?
A: Rubber prices are closely monitored by policymakers and market analysts to assess the health of key manufacturing sectors and the broader global economy.
Q: Are there update delays or limitations?
A: The PRUBBUSDM series is updated monthly, with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Global price of Rubber (PRUBBUSDM), retrieved from FRED.