Dominican Republic: Carbon Brush Market 2024

Carbon Brush Market Size in the Dominican Republic

In 2021, the Dominican carbon brush market decreased by -71.2% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a deep downturn. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Carbon Brush Exports

Exports from the Dominican Republic

In 2021, carbon brush exports from the Dominican Republic skyrocketed to X kg, growing by 115% against 2020 figures. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 300%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, carbon brush exports skyrocketed to $X in 2021. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 248% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X kg) was the main destination for carbon brush exports from the Dominican Republic, accounting for a 95% share of total exports. Moreover, carbon brush exports to Haiti exceeded the volume sent to the second major destination, Saint Vincent and the Grenadines (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (0.0% per year) and Brazil (-71.1% per year).

In value terms, Haiti ($X) remains the key foreign market for carbon brushes exports from the Dominican Republic, comprising 85% of total exports. The second position in the ranking was held by Brazil ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-87.3% per year) and Saint Vincent and the Grenadines (0.0% per year).

Export Prices by Country

The average carbon brush export price stood at $X per ton in 2021, with a decrease of -31.8% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 372%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Saint Vincent and the Grenadines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-8.8%), while the prices for the other major destinations experienced a decline.

Carbon Brush Imports

Imports into the Dominican Republic

In 2021, purchases abroad of carbon brushes decreased by -66.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible decrease. The growth pace was the most rapid in 2018 when imports increased by 138% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, carbon brush imports plummeted to $X in 2021. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 186% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of carbon brush to the Dominican Republic, with a 63% share of total imports. Moreover, carbon brush imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X kg), fivefold. The United States (X kg) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.2% per year) and the United States (-20.3% per year).

In value terms, China ($X) constituted the largest supplier of carbon brushes to the Dominican Republic, comprising 45% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Spain, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.9% per year) and Spain (-2.8% per year).

Import Prices by Country

The average carbon brush import price stood at $X per ton in 2021, which is down by -16.6% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of 58% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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