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Isoprene Rubber Price Trend and Forecast

UNSPC: 13101716

isoprene rubber Price Trends by Country

ruRussia
jpJapan
thThailand
inIndia
itItaly

isoprene rubber Pricing Trends in India: 

  • Northern India isoprene rubber market price trend
  • Southern India isoprene rubber market price trend
  • Central India isoprene rubber market price trend

Global isoprene rubber Price Trend, Analysis and Forecast​

Isoprene Rubber (IR) Price Trend Q3 2025

The global Isoprene Rubber (IR) price trend in Q3 2025 showed moderate growth, with a 1–2% market change across key regions. In the APAC region, countries such as China, India, and Japan witnessed steady demand from the automotive and industrial sectors, particularly in tire manufacturing and mechanical rubber goods, supporting slight price increases. This growth Showed mainly driven by stable consumption in downstream industries and balanced regional supply. North America observed a relatively stable market, with prices showing mild improvement due to consistent demand from automotive and adhesive applications. In Europe, the market remained steady, though some pressure persisted from fluctuating feedstock costs and moderate trading activity. Overall, the Isoprene Rubber (IR) market in Q3 2025 remained stable and resilient, with raw material trends and regional supply-demand dynamics continuing to shape global pricing movements.

Russia

IR Export prices FOB Novorossiysk, Russia, Grade- MV (65-74).

In Q3 2025, Isoprene Rubber (IR) price trend in Russia showed a downward trajectory, with an overall 2.06% decrease FOB Novorossiysk. The Isoprene Rubber price trend in Russia weakened due to lower demand from the automotive and industrial sectors, particularly in tire and mechanical rubber goods production. Plenty of domestic supply and tepid export activity placed downward pressure on prices during the quarter.

Isoprene rubber prices in Russia fell by approximately 2.5% in September 2025 versus the preceding month, driven by thin trading and prudent downstream buying. The trend of Isoprene Rubber prices in Russia is likely to stay weak in the near term on the back of middling demand and firm feedstock availability.

Japan

IR Export prices FOB Tokyo, Japan, Grade- MV (82).

According to the PriceWatch, in Q3 2025, Isoprene Rubber (IR) price trend in Japan declined by 3.8%. The Isoprene Rubber price trend in Japan weakened due to sluggish demand from the automotive and industrial manufacturing sectors, particularly in tire and rubber goods production. Adequate availability and negligible downstream action put downward pressure on market sentiment in the quarter.

In September 2025, Isoprene rubber prices in Japan fell by approximately 3.7% from the preceding month due to prudent procurement and lower export business. The trend of Isoprene Rubber prices in Japan is likely to remain under gentle pressure in the short term with stable feedstock prices and moderate recovery of demand.

India

IR import price CIF Nhava Sheva (Russia), India, Grade- MV (65-74).

According to the PriceWatch, in Q3 2025, Isoprene Rubber (IR) import prices in India decreased by 0.3%. The price trend of Isoprene Rubber in India weakened marginally because of decent demand from industries and auto sectors, coupled with sufficient supply from Russian sellers. Comfortable feedstock prices and conservative buying behaviour among downstream manufacturers helped the modest quarterly drop.

In September 2025, Isoprene rubber prices in India fell by approximately 1.8% versus the prior month, driven by lower import volumes and lack of spot trading. The Isoprene Rubber price trend for India will be stable with gentle downward pressure in the next quarter.

Thailand

IR import price in CIF Laem Chabang (Japan), Thailand, Grade- MV (82).

In Q3 2025, the prices of Isoprene Rubber (IR) in Thailand fell by 3.7%, as there was a weak demand scenario from the auto and industrial manufacturing industries. The Isoprene Rubber price trend in Thailand was under pressure due to ample domestic supply and weaker export activity, notably to key regional destinations. Lower tire manufacturing and tempered buying by downstream makers also added to the quarterly slide.

In September 2025, the price of Isoprene rubber in Thailand declined by approximately 3.6% compared to the previous month as the market sentiment remained subdued with stable feedstock supply. The Thai Isoprene Rubber price trend is forecasted to continue weak in the near term with only limited signs of recovery from the end-use sectors.

Italy

IR import price in CIF Genoa (Japan), Italy, Grade- MV (82).

In Q3 2025, import prices of Isoprene Rubber (IR) in Italy fell 3.9%. The price trend of Isoprene Rubber in Italy slowed because of poor demand from the automotive and industrial segments, especially in tire and rubber products manufacturing. Sufficient import supply from Japan and subdued downstream consumption helped drive prices down during the period.

In September 2025, Italian Isoprene rubber prices fell by approximately 4.1% from the preceding month on subdued trading and defensive buying by buyers. The trend of Isoprene Rubber prices in Italy will continue to be under muted pressure in the near term as market sentiment remains soft.

Isoprene Rubber Price Trend Analysis: Q2 2025

According to the PriceWatch, the Russia Isoprene Rubber (IR) MV 60–80 market experienced a 5.3% increase in prices during Q2 2025. The average price for the quarter was recorded at USD 1,897 per metric ton (FOB Novorossiysk). This upward trend was largely supported by sustained demand from the global automotive and industrial sectors, which continued to drive procurement activity across key importing regions.

Market participants in Europe and Asia actively restocked during the quarter, maintaining a bullish sentiment amid concerns over export volumes from Russia. Domestic demand within Russia remained strong, prompting producers to limit overseas allocations and focus on fulfilling internal commitments.

Additionally, logistical challenges and transit delays from Black Sea ports added to shipment lead times, creating further tightness in availability. With limited spot cargoes in the market and steady downstream interest, prices remained firm throughout the quarter. The Russian IR market is expected to maintain its strength in the near term, as international buyers continue to seek stable sources amidst geopolitical and logistical uncertainties.

Isoprene Rubber Price Trend Analysis: Q1 2025

In Q1 2025, the global isoprene rubber (IR) market experienced a notable price increase, with FOB Novorossiysk prices in Russia averaging USD 1,810/MT for MV (60-80), up 10% from the previous quarter. The rise was primarily driven by restocking activity across key regions amid concerns over supply security.

Additional support came from rising feedstock costs, particularly isoprene monomer, and limited export availability as Russian producers prioritized domestic demand. Furthermore, logistical delays and renewed demand from the automotive and industrial sectors contributed to stronger market sentiment and firm pricing throughout the quarter.

Isoprene Rubber Price Trend Analysis: Q4 2024

In Q4 2024, the global isoprene rubber (IR) market registered modest growth, with FOB Novorossiysk prices in Russia averaging USD 1,650/MT for MV (60-80), marking a 3% increase from the previous quarter. The price rise was driven by stable demand from tire and industrial goods manufacturers, along with restocking efforts ahead of the year-end.

Market sentiment remained supported by tight supply conditions due to limited production output and controlled inventory releases by key producers. Upstream cost pressures also played a role in maintaining firm pricing throughout the quarter.

Isoprene Rubber Price Trend Analysis: Q3 2024

In Q3 2024, the isoprene rubber (IR) market showed stable performance, with FOB Novorossiysk prices in Russia averaging USD 1,600/MT for MV (60-80), reflecting a 1% increase from the previous quarter. Although overall demand remained moderate, the market was supported by increased freight costs and a gradual rise in consumer goods and raw material movement.

These factors contributed to a slight upward pressure on prices. Supply conditions remained steady, but buyers adopted a cautious approach amid global economic uncertainty and logistical cost fluctuations.

Isoprene Rubber Price Trend Analysis: Q2 2024

In Q2 2024, the Isoprene rubber (IR) market witnessed a significant upward shift, with FOB Novorossiysk prices in Russia averaging USD 1,590/MT for MV (60-80), reflecting a 17% increase from the previous quarter. The sharp price rise was primarily driven by a supply-demand imbalance, as demand outpaced available supply across key downstream sectors, particularly in automotive and tire manufacturing.

Limited production output and reduced inventory levels further tightened the market. This imbalance, coupled with active restocking, contributed to firmer pricing and heightened market activity during the quarter.

Isoprene Rubber Price Trend Analysis: Q1 2024

In Q1 2024, the Isoprene rubber (IR) market in Europe and the APAC region experienced moderate activity, though prices faced downward pressure. FOB Novorossiysk prices in Russia averaged USD 1,350/MT for MV (60-80), reflecting an 18% decrease compared to Q4 2023.

Despite the price drop, demand from the automotive, medical, and construction sectors remained consistent, particularly due to IR’s continued use in tire production. Market sentiment was impacted by ample supply availability and easing concerns over isoprene monomer sourcing, while geopolitical factors remained a watchpoint heading into the next quarter.

India isoprene rubber Price Trend, Analysis and Forecast

Isoprene Rubber Price Trend Analysis: Q1 2025

In Q1 2025, the Indian Isoprene Rubber (IR) market recorded a modest price increase of 1% compared to the 2024 annual average, with the average price reaching USD 2670/MT for MV (60-80) Ex-Mumbai. The market firmed slightly amid stable demand from the automotive and rubber goods sectors and relatively balanced supply conditions.

Feedstock prices remained volatile due to global crude oil fluctuations, adding mild cost pressure for producers. Despite cautious sentiment in the early weeks of the year, restocking activities and improved downstream operations supported pricing. Overall, the quarter reflected a stable yet slightly bullish tone, as buyers resumed regular purchasing following the year-end lull.

Isoprene Rubber Price Trend Analysis: Q2 2025

According to the PriceWatch, the Indian Isoprene Rubber (IR) MV 60–80 market experienced a 3.7% decline in prices during Q2 2025. The average price for the quarter was recorded at USD 2,621 per metric ton (Ex-Mumbai). This price correction was primarily driven by softer demand from the domestic automotive and general rubber goods sectors, as production schedules remained steady but lacked the momentum seen in the previous quarter.

Many buyers had already restocked in Q1, leading to a cautious purchasing approach in Q2. Additionally, consistent supply availability from both domestic producers and import channels contributed to a balanced-to-long market, which limited any potential upward movement in prices.

Market sentiment remained cautious due to broader economic uncertainties, and most converters focused on lean inventory strategies to manage cash flows effectively. With limited supply-side disruptions and normalized procurement cycles, the Indian IR market experienced a mild pullback. This slightly bearish trend is expected to continue in the near term unless there is a notable uptick in end-user demand or logistical constraints affecting import flows.

Isoprene Rubber Price Trend Analysis: Q1 2024

In Q1 2024, the Indian Isoprene Rubber (IR) market experienced a 4% price increase, with the average price reaching USD 2140/MT for MV (60-80) Ex-Mumbai. This upward trend was supported by strong demand from the tire and automotive industries, along with tight domestic supply and rising raw material costs, particularly for feedstock isoprene.

Seasonal restocking and improved industrial activity in key end-use sectors also contributed to positive market sentiment. Additionally, limited import availability and logistical challenges in some regions created a favourable environment for price growth.

Isoprene Rubber Price Trend Analysis: Q2 2024

In Q2 2024, the Indian Isoprene Rubber (IR) market witnessed a significant price surge of 24%, with the average price reaching USD 2650/MT for MV (60-80) Ex-Mumbai. This sharp rise was driven by robust demand from the tire and industrial rubber sectors, while supply remained tight due to delayed imports and limited domestic availability.

Furthermore, feedstock isoprene costs rose steeply, influenced by global crude oil volatility and refinery maintenance activities in major producing regions. Buyers, anticipating further increases, engaged in pre-emptive purchasing, which further strained supply and intensified the bullish momentum throughout the quarter.

Isoprene Rubber Price Trend Analysis: Q3 2024

In Q3 2024, the Indian Isoprene Rubber (IR) market experienced a 5% price increase compared to the previous quarter, with the average price reaching USD 2780/MT for MV (60-80) Ex-Mumbai. This growth was driven by steady demand from the automotive and industrial rubber sectors, along with moderate supply constraints due to lower import availability and reduced domestic output.

Additionally, volatile feedstock prices, particularly for isoprene and crude derivatives, elevated production costs, reflected in market pricing. Despite regional monsoon-related logistical challenges, buyers remained active, and restocking continued, contributing to a firm market outlook through the quarter.

Isoprene Rubber Price Trend Analysis: Q4 2024

In Q4 2024, the Indian Isoprene Rubber (IR) market registered a slight decline of 1% compared to the previous quarter, with the average price settling at USD 2740/MT for MV (60-80) Ex-Mumbai. The marginal decrease was attributed to muted demand from the automotive and manufacturing sectors amid year-end slowdowns and cautious buying behaviour. Additionally, improved domestic availability and stable import flows helped ease supply pressures.

While feedstock costs remained elevated, subdued downstream consumption prevented further price increases. Overall, the market tone was steady to slightly soft, with many buyers opting to maintain minimal inventory levels in anticipation of better pricing in early 2025.

Global isoprene rubber Supply Chain

Upstream
  • Isoprene
Downstream
  • Passenger car Tire
  • Commercial Vehicle Conveyor Belt
  • Hoses
  • Auto Tires
Major supplying countries
  • Russia
  • Japan
Major importing countries
  • India
  • Thailand
  • Italy

India isoprene rubber Supply Chain

Upstream
    • Isoprene
Downstream
  • Passenger car Tire
  • Commercial Vehicle Conveyor Belt
  • Hoses
  • Auto Tires
Major supplying countries
  • Russia
  • Japan
Major importing countries
  • India
  • Thailand
  • Italy

Technical Specifications of Isoprene Rubber Price Trends

Molecular Weight[g/mol]

100,000 to 1,000,000

CAS No

78-79-5

HS Code

40026000

Molecular Formula

(C₅H₈)n
isoprene rubber

Isoprene Rubber (IR) is a synthetic elastomer made from isoprene monomer, offering excellent elasticity, strength, and wear resistance. It is widely used in automotive tires, medical devices, construction materials, and consumer goods, making it a versatile material across industries requiring flexibility and durability.

Packaging Type

30 Kg Bale

Isoprene Rubber Grades Covered

MV (60-80)

Incoterms Used

FOB Novorossiysk, FOB Tokyo, CIF Nhava Sheva (Russia), Ex-Mumbai, CIF Laem Chabang (Japan), and CIF Genoa (Japan)

Synonym

IR

PriceWatch Quotation Terms:

25-28 MT / 10-15 MT (Japan) / 5-10 MT (India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Specification 
Mooney Viscosity ML (1+4) 100°C  65-89 MU 
Volatile Matter  0.75-8 wt % 
Ash Matter  0.5-0.6 wt % 
Staining Antioxidant   0.15-0.40 wt % 
Stearic acid  0.6-0.14 wt% 

Isoprene Rubber Industrial Applications

Isoprene Rubber (IR) is widely used in various industries due to its elasticity and durability. Key applications include tires, seals, and engine mounts in the automotive industry, medical gloves and tubing in healthcare, roofing membranes and gaskets in construction, as well as sporting goods, footwear, and industrial components like conveyor belts and rollers.

Historically, several events have caused significant fluctuations in Isoprene Rubber prices

  • Russia-Ukraine Conflict (2022-Present): The conflict disrupted energy supplies, especially natural gas and oil, which are crucial for the petrochemical industry. Europe, a major consumer of Russian energy, faced significant supply issues. The conflict impacted the availability and cost of energy and raw materials, which is derived from petrochemical processes. This led to increased production costs and supply disruptions.
  • Global Energy Crisis (2021-2023): The 2021-2023 energy crisis significantly impacted Isoprene Rubber production, leading to supply constraints and price increases. Rising energy costs, driven by disruptions in natural gas supplies, higher oil prices, and supply chain issues, escalated operating expenses for Isoprene Rubber producers, particularly in Asia and Europe. This led to reduced production rates and even plant shutdowns, tightening global supply and pushing prices higher. Transportation costs also surged, further exacerbating the situation. The crisis prompted Isoprene Rubber producers to explore energy-efficient technologies and diversify energy sources to reduce future risks, while price volatility and supply instability affected downstream industries like automotive and construction.
  • COVID-19 Pandemic (2020-2022): The COVID-19 pandemic caused widespread production halts as lockdowns forced manufacturing plants to close, delaying new vehicle releases and disrupting parts supply. Global supply chains, dependent on just-in-time manufacturing, faced severe disruptions, with critical component shortages like semiconductors leading to delays and cost increases. Consumer demand also plummeted due to economic uncertainty and lockdowns, further impacted by car dealership closures. A shift towards private vehicles and electric vehicles (EVs) emerged, driven by health concerns and online sales trends. Though the industry began to recover by late 2020, semiconductor shortages slowed the recovery, with Asia-Pacific rebounding faster than other regions.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global isoprene rubber price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the isoprene rubber market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence isoprene rubber prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely isoprene rubber market data.

Track PriceWatch's isoprene rubber price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Isoprene Rubber production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
  • Supply Chain Monitoring: We track the entire Isoprene Rubber supply chain, from raw material availability to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Isoprene Rubber prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Isoprene Rubber production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive), to predict shifts in Isoprene Rubber demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Isoprene Rubber production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Isoprene Rubber production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Isoprene Rubber. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Isoprene Rubber prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Isoprene Rubber pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Molecular Weight[g/mol]

100,000 to 1,000,000

CAS No

78-79-5

HS Code

40026000

Molecular Formula

(C₅H₈)n
isoprene rubber

Isoprene Rubber (IR) is a synthetic elastomer made from isoprene monomer, offering excellent elasticity, strength, and wear resistance. It is widely used in automotive tires, medical devices, construction materials, and consumer goods, making it a versatile material across industries requiring flexibility and durability.

Packaging Type

30 Kg Bale

Grades Covered

MV (60-80)

Incoterms Used

FOB Novorossiysk, FOB Tokyo, CIF Nhava Sheva (Russia), Ex-Mumbai, CIF Laem Chabang (Japan), and CIF Genoa (Japan)

Synonym

IR

PriceWatch Quotation Terms:

25-28 MT / 10-15 MT (Japan) / 5-10 MT (India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Specification 
Mooney Viscosity ML (1+4) 100°C  65-89 MU 
Volatile Matter  0.75-8 wt % 
Ash Matter  0.5-0.6 wt % 
Staining Antioxidant   0.15-0.40 wt % 
Stearic acid  0.6-0.14 wt% 

Applications

Isoprene Rubber (IR) is widely used in various industries due to its elasticity and durability. Key applications include tires, seals, and engine mounts in the automotive industry, medical gloves and tubing in healthcare, roofing membranes and gaskets in construction, as well as sporting goods, footwear, and industrial components like conveyor belts and rollers.

Isoprene Rubber Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for isoprene rubber. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of Isoprene Rubber is influenced by several factors, including the cost and availability of raw materials like isoprene monomer, crude oil price fluctuations, supply chain disruptions, and geopolitical factors. Additionally, demand from key industries such as automotive, medical, and construction, along with transportation and freight costs, can significantly impact the market price of Isoprene Rubber. Seasonal demand and changes in regional manufacturing capacities also play a role.

Since isoprene monomer, the primary raw material for Isoprene Rubber, is derived from petroleum-based sources, fluctuations in crude oil prices directly affect production costs. An increase in crude oil prices typically leads to higher manufacturing costs for Isoprene Rubber, driving up its market price. Conversely, when crude oil prices decline, production costs reduce, which may stabilize or lower Isoprene Rubber prices.

The demand and pricing of Isoprene Rubber are largely driven by regions with strong automotive and industrial sectors, such as Europe, the Asia-Pacific (APAC) region, and North America. In particular, the APAC region, including China and India, is a significant consumer due to rapid industrialization and growth in automotive production. Europe, with its high demand for tires and medical products, also influences global price trends. Fluctuations in demand from these regions impact global pricing due to their large market share.

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