Combustion road vehicles and Natural rubber

Their prices have moved together.

Combustion road vehicles (energy) and Natural rubber (commodity): 1 relationship.

How they are linked

1. Price link: end-use demand

Cost and price · Moderate · Both ways

Most natural rubber goes into tyres for cars and trucks, so vehicle output matters. The proxy is a US vehicle price index, which tracks car prices rather than tyre demand, and shows little link, slightly negative: monthly moves correlate at minus 0.17.

• -0.17 monthly change correlation
• -0.40 12-month change correlation
• -1.89 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.