Dominican Republic: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in the Dominican Republic

The Dominican prepared rubber accelerators market contracted to $X in 2021, waning by -10.1% 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). Overall, consumption, however, enjoyed a strong expansion. Prepared rubber accelerators consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports from the Dominican Republic

Prepared rubber accelerators exports from the Dominican Republic fell to X kg in 2021, reducing by -12.2% compared with the previous year. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 345% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared rubber accelerators exports dropped to $X in 2021. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 300% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X kg), Guatemala (X kg) and Haiti (X kg) were the main destinations of prepared rubber accelerators exports from the Dominican Republic, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Vietnam ($X), Guatemala ($X) and Haiti ($X) were the largest markets for prepared rubber accelerators exported from the Dominican Republic worldwide, together accounting for 97% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average prepared rubber accelerators export price stood at $X per ton in 2021, picking up by 6.4% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 81% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Guatemala ($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 (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into the Dominican Republic

Prepared rubber accelerators imports into the Dominican Republic dropped to X tons in 2021, waning by -12.5% on 2020. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 773%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, prepared rubber accelerators imports contracted to $X in 2021. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 583%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Colombia (X tons) and Mexico (X tons) were the main suppliers of prepared rubber accelerators imports to the Dominican Republic, with a combined 72% share of total imports. The United States, Brazil, Taiwan (Chinese), Panama and South Korea lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +19,100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and China ($X) appeared to be the largest prepared rubber accelerators suppliers to the Dominican Republic, together comprising 62% of total imports. The United States, Brazil, Taiwan (Chinese), Panama and South Korea lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, Brazil, with a CAGR of +5,875.9%, recorded the highest growth rate of 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

The average prepared rubber accelerators import price stood at $X per ton in 2021, growing by 3.5% against the previous year. In general, the import price, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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