Dominican Republic: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the Dominican Republic

The Dominican reclaimed rubber market expanded significantly to $X in 2021, surging by 11% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.3% against 2017 indices. Reclaimed rubber consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Reclaimed Rubber Production in the Dominican Republic

In value terms, reclaimed rubber production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.5% against 2017 indices. The growth pace was the most rapid in 2015 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Reclaimed Rubber Exports

Exports from the Dominican Republic

In 2021, overseas shipments of reclaimed rubber increased by 1,181% to X tons, rising for the seventh consecutive year after two years of decline. In general, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber exports skyrocketed to $X in 2021. Over the period under review, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for reclaimed rubber exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +15.7%.

In value terms, the United States ($X) also remains the key foreign market for reclaimed rubber exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +11.1%.

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, falling by -27.6% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2015 an increase of 167%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.0% per year.

Reclaimed Rubber Imports

Imports into the Dominican Republic

Reclaimed rubber imports into the Dominican Republic reduced sharply to X tons in 2021, with a decrease of -36% on 2020. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 2,146%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped markedly in the following year.

In value terms, reclaimed rubber imports contracted sharply to $X in 2021. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 796% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest reclaimed rubber supplier to the Dominican Republic, with a 45% share of total imports. Moreover, reclaimed rubber imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold. China (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +78.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-55.8% per year) and China (+40.8% per year).

In value terms, the United States ($X), Spain ($X) and Brazil ($X) constituted the largest reclaimed rubber suppliers to the Dominican Republic, together comprising 66% of total imports.

Among the main suppliers, the United States, with a CAGR of +69.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, waning by -46.6% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 44%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+91.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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