Dominican Republic: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in the Dominican Republic

The Dominican graphite non-electrical articles market dropped rapidly to $X in 2022, which is down by -34.9% 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). Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Graphite Non-Electrical Articles Exports

Exports from the Dominican Republic

In 2022, the amount of non-electrical articles of graphite or other carbon exported from the Dominican Republic surged to X kg, jumping by 30% against 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 549% against the previous year. As a result, the exports reached the peak of X kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, graphite non-electrical articles exports reduced to $X in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 797% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Mexico (X kg) was the main destination for graphite non-electrical articles exports from the Dominican Republic, accounting for a 85% share of total exports. Moreover, graphite non-electrical articles exports to Mexico exceeded the volume sent to the second major destination, France (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +84.0%.

In value terms, Mexico ($X) emerged as the key foreign market for non-electrical articles of graphite or other carbon exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +79.9%.

Export Prices by Country

In 2022, the average graphite non-electrical articles export price amounted to $X per ton, shrinking by -28.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 118% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.6%).

Graphite Non-Electrical Articles Imports

Imports into the Dominican Republic

In 2022, approx. X tons of non-electrical articles of graphite or other carbon were imported into the Dominican Republic; which is down by -23% on 2021. Overall, imports, however, posted buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 372%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, graphite non-electrical articles imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 371%. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

China (X tons), the United States (X kg) and Canada (X kg) were the main suppliers of graphite non-electrical articles imports to the Dominican Republic, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +67.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of non-electrical articles of graphite or other carbon to the Dominican Republic, comprising 48% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports. It was followed by China, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-0.8% per year) and China (+38.4% per year).

Import Prices by Country

In 2022, the average graphite non-electrical articles import price amounted to $X per ton, with a decrease of -14.9% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, graphite non-electrical articles import price increased by +84.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 78%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 UK ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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