As natural and synthetic rubber are probably the most crucial uncooked materials, their demand, consumption, and value fluctuations significantly impression tire prices. According to the Association of Natural Rubber Producing Countries, in 2017, there was a natural rubber supply shortfall of about 700 Automotive tires,000 metric tons. In distinction, the worldwide provide of natural rubber then improved by 991,000 tons in May 2022. Over the last decade, there has been a substantial variation in pure rubber pricing, which impacts automotive tire pricing and tire producers to an excellent extent.