Dominican Republic: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in the Dominican Republic

In 2021, after four years of growth, there was significant decline in the Dominican vulcanised rubber mats market, when its value decreased by -80.8% to $X. In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Vulcanised Rubber Mats Exports

Exports from the Dominican Republic

Vulcanised rubber mats exports from the Dominican Republic surged to X tons in 2021, growing by 825% on 2020 figures. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,886%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports soared to $X in 2021. Over the period under review, exports showed prominent growth. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Jamaica (X kg) and Venezuela (X kg) were the main destinations of vulcanised rubber mats exports from the Dominican Republic, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +65.4%), while the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X) emerged as the key foreign market for floor coverings and mats of vulcanised rubber exports from the Dominican Republic, comprising 56% of total exports. The second position in the ranking was taken by Haiti ($X), with a 21% share of total exports. It was followed by the United States, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Jamaica amounted to +48.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+1.4% per year) and the United States (+2.1% per year).

Export Prices by Country

The average vulcanised rubber mats export price stood at $X per ton in 2021, rising by 11% against the previous year. Overall, the export price posted a mild increase. The pace of growth was the most pronounced in 2018 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Sao Tome and Principe ($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 Venezuela (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Mats Imports

Imports into the Dominican Republic

In 2021, after four years of growth, there was significant decline in purchases abroad of floor coverings and mats of vulcanised rubber, when their volume decreased by -82.2% to X tons. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 436%. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, vulcanised rubber mats imports declined significantly to $X in 2021. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 295%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber mats supplier to the Dominican Republic, with a 61% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.0% per year) and Mexico (-8.7% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to the Dominican Republic, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.1% per year) and Mexico (-12.6% per year).

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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