Dominican Republic: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in the Dominican Republic

The Dominican glass fibre and article market shrank to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption recorded a mild descent. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in the Dominican Republic

In value terms, glass fibre and article production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a mild setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. Glass fibre and article production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Glass Fibres and Glass Fibre Articles

Exports from the Dominican Republic

In 2022, the amount of glass fibres and glass fibre articles exported from the Dominican Republic skyrocketed to X tons, increasing by X% on the year before. In general, exports, however, saw a mild descent. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre and article exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons), France (X tons) and the United States (X tons) were the main destinations of glass fibre and article exports from the Dominican Republic, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), Haiti ($X) and the United States ($X) were the largest markets for glass fibre and article exported from the Dominican Republic worldwide, together accounting for X% of total exports.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average glass fibre and article export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass Fibres and Glass Fibre Articles

Imports into the Dominican Republic

In 2022, approx. X tons of glass fibres and glass fibre articles were imported into the Dominican Republic; with an increase of X% compared with the previous year's figure. In general, imports enjoyed a noticeable increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, glass fibre and article imports reduced to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre and article supplier to the Dominican Republic, with a X% share of total imports. Moreover, glass fibre and article imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Colombia (X% per year).

In value terms, the United States ($X), China ($X) and Colombia ($X) constituted the largest glass fibre and article suppliers to the Dominican Republic, together accounting for X% of total imports. Mexico, Spain, Belgium and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre and article import price amounted to $X per ton, reducing by X% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre and article import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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