Dominican Republic: Extruded Rod Market 2024

Extruded Rod Market Size in the Dominican Republic

In 2021, the Dominican extruded rod market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Extruded Rod Production in the Dominican Republic

In value terms, extruded rod production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. Extruded rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from the Dominican Republic

In 2021, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber decreased by -9.5% to X tons, falling for the fourth year in a row after six years of growth. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, extruded rod exports dropped to $X in 2021. In general, exports saw a pronounced contraction. The smallest decline of -1.8% was in 2014. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for extruded rod exports from the Dominican Republic, with a 82% share of total exports. Moreover, extruded rod exports to the United States exceeded the volume sent to the second major destination, Cuba (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.4%.

In value terms, the United States ($X) remains the key foreign market for extruded rods and profile shapes of cellular vulcanised rubber exports from the Dominican Republic, comprising 83% of total exports. The second position in the ranking was taken by Cuba ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -4.9%.

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, surging by 2.3% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.2%).

Extruded Rod Imports

Imports into the Dominican Republic

Extruded rod imports into the Dominican Republic soared to X tons in 2021, jumping by 304% compared with 2020. In general, imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 322% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, extruded rod imports skyrocketed to $X in 2021. Over the period under review, imports showed a tangible expansion. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest extruded rod supplier to the Dominican Republic, accounting for a 66% share of total imports. Moreover, extruded rod imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.0% per year) and Canada (+19.8% per year).

In value terms, the United States ($X) constituted the largest supplier of extruded rods and profile shapes of cellular vulcanised rubber to the Dominican Republic, comprising 81% of total imports. The second position in the ranking was taken by China ($X), with an 8.4% share of total imports. It was followed by Canada, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Canada (+14.2% per year).

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, rising by 59% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod import price increased by +106.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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