Dominican Republic: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in the Dominican Republic

In 2021, the Dominican non-woven glass fibre articles market decreased by -33.1% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a deep reduction. Non-woven glass fibre articles consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from the Dominican Republic

In 2021, exports of non-woven glass fibre webs, felts, mattresses and boards from the Dominican Republic surged to X tons, rising by 434% on 2020 figures. Over the period under review, exports, however, recorded a mild reduction. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports surged to $X in 2021. In general, exports, however, recorded a deep slump. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for non-woven glass fibre articles exports from the Dominican Republic, with a 93% share of total exports. Moreover, non-woven glass fibre articles exports to Haiti exceeded the volume sent to the second major destination, Antigua and Barbuda (X kg), more than tenfold. Cuba (X kg) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Antigua and Barbuda (+234.4% per year) and Cuba (-43.9% per year).

In value terms, Haiti ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was held by Antigua and Barbuda ($X), with a 4.8% share of total exports. It was followed by Cuba, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Antigua and Barbuda (-34.4% per year) and Cuba (-33.2% per year).

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, surging by 37% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cuba ($X per ton), while the average price for exports to Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into the Dominican Republic

In 2021, supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -35.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports declined remarkably to $X in 2021. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 31%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of non-woven glass fibre articles imports to the Dominican Republic, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +1.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to the Dominican Republic, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Mexico, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.6% per year) and Mexico (-8.8% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, surging by 8.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Russia ($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 (+12.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :