Dominican Republic: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in the Dominican Republic

The Dominican solid vulcanised rubber sheet market rose markedly to $X in 2022, surging by 5.5% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Solid vulcanised rubber sheet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in the Dominican Republic

In value terms, solid vulcanised rubber sheet production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 76%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from the Dominican Republic

In 2022, solid vulcanised rubber sheet exports from the Dominican Republic skyrocketed to X tons, jumping by 798% on 2021 figures. In general, exports, however, showed a abrupt descent. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports surged to $X in 2022. Over the period under review, exports, however, showed a perceptible reduction. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) and the United States (X tons) were the main destinations of solid vulcanised rubber sheet exports from the Dominican Republic.

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 +69.8%).

In value terms, the largest markets for solid vulcanised rubber sheet exported from the Dominican Republic were the United States ($X) and Haiti ($X).

The United States, with a CAGR of +93.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average solid vulcanised rubber sheet export price amounted to $X per ton, rising by 73% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid vulcanised rubber sheet export price increased by +130.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into the Dominican Republic

In 2022, imports of plates, sheets, strips for floor covering of solid vulcanised rubber into the Dominican Republic surged to X tons, with an increase of 45% against the previous year's figure. In general, imports continue to indicate a slight increase. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 43%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Indonesia (X tons) were the main suppliers of solid vulcanised rubber sheet imports to the Dominican Republic, with a combined 85% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +40.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest solid vulcanised rubber sheet suppliers to the Dominican Republic were China ($X), the United States ($X) and Germany ($X), with a combined 69% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +22.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average solid vulcanised rubber sheet import price amounted to $X per ton, waning by -19.6% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($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 (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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