Report Update Nov 1, 2024

Dominican Republic - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in the Dominican Republic

After three years of growth, the Dominican glass fibre filament market decreased by -55.1% to $X in 2021. Over the period under review, consumption, however, enjoyed a buoyant expansion. Glass fibre filament consumption peaked at $X in 2020, and then shrank significantly in the following year.

Glass Fibre Filament Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in shipments abroad of glass fibre filaments, which increased by 125% to X kg in 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre filament exports soared to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 226% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Haiti (X kg) was the main destination for glass fibre filament exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to Haiti totaled +162.2%.

In value terms, Haiti ($X) also remains the key foreign market for glass fibre filaments exports from the Dominican Republic.

From 2019 to 2021, the average annual growth rate of value to Haiti totaled +91.4%.

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, with a decrease of -43.3% against the previous year. Overall, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 131%. As a result, the export price reached the peak level of $X per ton, and then dropped notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2019 to 2021, the rate of growth in terms of prices for Haiti amounted to -27.0% per year.

Glass Fibre Filament Imports

Imports into the Dominican Republic

After three years of growth, purchases abroad of glass fibre filaments decreased by -61.2% to X tons in 2021. Over the period under review, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 179% against the previous year. Imports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, glass fibre filament imports declined markedly to $X in 2021. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2015 when imports increased by 183%. Imports peaked at $X in 2020, and then shrank notably in the following year.

Imports by Country

In 2021, Colombia (X tons) constituted the largest glass fibre filament supplier to the Dominican Republic, accounting for a 83% share of total imports. Moreover, glass fibre filament imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.6% per year) and the United States (-5.3% per year).

In value terms, Colombia ($X) constituted the largest supplier of glass fibre filaments to the Dominican Republic, comprising 77% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and the United States (+6.3% per year).

Import Prices by Country

In 2021, the average glass fibre filament import price amounted to $X per ton, rising by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, 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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre filaments in the world?

The countries with the highest volumes of glass fibre filament consumption in 2021 were China, the United States and India, with a combined 39% share of global consumption. Russia, Brazil, Bangladesh, Japan, Mexico, Turkey, France, Thailand, Spain and Australia lagged somewhat behind, together comprising a further 32%.

What are the largest producers of glass fibre filaments in the world?

The country with the largest volume of glass fibre filament production was China, accounting for 33% of total volume. Moreover, glass fibre filament production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of glass fibre filaments to the Dominican Republic?

In value terms, China constituted the largest supplier of glass fibre filament to the Dominican Republic, comprising 84% of total imports. The second position in the ranking was occupied by Colombia, with an 8% share of total imports.

What are the leading importers of glass fibre filaments from the Dominican Republic?

In value terms, Haiti $513) and the United States $257) appeared to be the largest markets for glass fibre filament exported from the Dominican Republic worldwide.

What is the average export price for glass fibre filaments in the Dominican Republic?

In 2020, the average glass fibre filament export price amounted to $3,667 per ton, remaining relatively unchanged against the previous year.

What is the average import price for glass fibre filaments in the Dominican Republic?

In 2021, the average glass fibre filament import price amounted to $1,599 per ton, declining by -13.6% against the previous year.

This report provides an in-depth analysis of the glass fibre filament market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141130 - Glass fibre filaments (including rovings)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023