Dominican Republic: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in the Dominican Republic

In 2022, the Dominican natural rubber and gum market increased by 5.4% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, showed a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Natural Rubber And Gums in the Dominican Republic

In value terms, natural rubber and gum production totaled $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 37%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

In 2022, the average natural rubber and gum yield in the Dominican Republic reduced to X tons per ha, falling by -2.6% on the previous year's figure. Over the period under review, the yield, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2013 with an increase of 153%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average natural rubber and gum yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in the Dominican Republic rose to X ha, increasing by 2.2% compared with the year before. Overall, the harvested area, however, saw a mild decrease. The pace of growth was the most pronounced in 2014 with an increase of 105% against the previous year. The natural rubber and gum harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from the Dominican Republic

In 2022, shipments abroad of natural rubber and gums was finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 162%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports declined to $X in 2022. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 192%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for natural rubber and gum exports from the Dominican Republic, with a 93% share of total exports. Moreover, natural rubber and gum exports to the United States exceeded the volume sent to the second major destination, Haiti (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +52.3%.

In value terms, the United States ($X) remains the key foreign market for natural rubber and gums exports from the Dominican Republic, comprising 79% of total exports. The second position in the ranking was taken by Haiti ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +44.3%.

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, falling by -11.6% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 66%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+4.4%).

Imports of Natural Rubber And Gums

Imports into the Dominican Republic

In 2022, purchases abroad of natural rubber and gums increased by 6.2% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 170%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, natural rubber and gum imports surged to $X in 2022. Over the period under review, imports, however, recorded a perceptible contraction. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Guatemala (X tons), the United States (X tons) and Mexico (X kg) were the main suppliers of natural rubber and gum imports to the Dominican Republic, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +46.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest natural rubber and gum suppliers to the Dominican Republic were the United States ($X), Guatemala ($X) and Mexico ($X), with a combined 95% share of total imports.

Among the main suppliers, Guatemala, with a CAGR of +54.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, surging by 103% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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