Dominican Republic: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in the Dominican Republic

In 2022, the Dominican metal-reinforced rubber hose market increased by 43% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a noticeable expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from the Dominican Republic

In 2022, metal-reinforced rubber hose exports from the Dominican Republic reduced notably to X tons, with a decrease of -57.4% against the year before. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,299% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,177% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg), Panama (X kg) and Haiti (X kg) were the main destinations of metal-reinforced rubber hose exports from the Dominican Republic, together comprising 100% of total exports.

From 2013 to 2022, the biggest increases were recorded for Panama (with a CAGR of +1,316.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for rubber hose reinforced with metal exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was taken by Haiti ($X), with a 22% share of total exports.

From 2013 to 2022, the average annual growth rate of value to the United States stood at +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+8.5% per year) and Panama (+1,000.0% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, growing by 15% against the previous year. In general, the export price enjoyed a perceptible increase. The growth pace was the most rapid in 2018 when the average export price increased by 82%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Metal-Reinforced Rubber Hose Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of rubber hose reinforced with metal increased by 24% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 76% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose imports skyrocketed to $X in 2022. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 94% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal-reinforced rubber hose supplier to the Dominican Republic, accounting for a 60% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.1% per year) and Malaysia (+38.9% per year).

In value terms, the largest metal-reinforced rubber hose suppliers to the Dominican Republic were the United States ($X), China ($X) and Peru ($X), with a combined 82% share of total imports. Mexico, Malaysia, Germany and Pakistan lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Pakistan, with a CAGR of +123.2%, 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 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, surging by 21% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal-reinforced rubber hose import price increased by +34.1% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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