Report Update Nov 1, 2024

Dominican Republic - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in the Dominican Republic

The Dominican glass fibre mat market reduced rapidly to $X in 2022, declining by -40.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Glass Fibre Mat Exports

Exports from the Dominican Republic

In 2021, the amount of glass fibre mats exported from the Dominican Republic totaled X kg, approximately reflecting the year before. Overall, exports saw a sharp slump. The smallest decline of 99.9% was in 2016. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports stood at $X in 2021. In general, exports saw a deep setback. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Haiti was relatively modest.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Glass Fibre Mat Imports

Imports into the Dominican Republic

In 2022, the amount of glass fibre mats imported into the Dominican Republic declined remarkably to X tons, with a decrease of -41.1% compared with the previous year. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 462% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, glass fibre mat imports dropped markedly to $X in 2022. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 463%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of glass fibre mat to the Dominican Republic, with a 59% share of total imports. Moreover, glass fibre mat imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.6% per year) and Colombia (+30.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of glass fibre mats to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was taken by Colombia ($X), with a 19% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+24.5% per year) and China (+38.9% per year).

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest glass fibre mat consuming country worldwide, comprising approx. 19% of total volume. Moreover, glass fibre mat consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8.4% share.

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

China constituted the country with the largest volume of glass fibre mat production, comprising approx. 33% of total volume. Moreover, glass fibre mat production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by the United States, with a 7.5% share.

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

In value terms, South Korea constituted the largest supplier of glass fibre mat to the Dominican Republic, comprising 87% of total imports. The second position in the ranking was occupied by China, with a 7% share of total imports. It was followed by the United States, with a 3.4% share.

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

The average glass fibre mat import price stood at $1,503 per ton in 2021, dropping by -2.4% against the previous year.

This report provides an in-depth analysis of the glass fibre mat 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 23141162 - Glass fibre mats made of filaments
Prodcom 23141217 - Glass fibre mats made of glass wool
Prodcom 23141210 -
Prodcom 23141220 -

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