Dominican Republic: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in the Dominican Republic

For the third consecutive year, the Dominican non-reinforced rubber tubing market recorded growth in sales value, which increased by 37% to $X in 2021. Over the period under review, consumption, however, saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports from the Dominican Republic

In 2021, exports of rubber tubing not reinforced from the Dominican Republic skyrocketed to X tons, growing by 44% compared with 2020 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,483%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-reinforced rubber tubing exports soared to $X in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 909% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for non-reinforced rubber tubing exports from the Dominican Republic, with a 78% share of total exports. Moreover, non-reinforced rubber tubing exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. Saint Lucia (X kg) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +109.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.5% per year) and Saint Lucia (+77.6% per year).

In value terms, Haiti ($X) emerged as the key foreign market for rubber tubing not reinforced exports from the Dominican Republic, comprising 55% of total exports. The second position in the ranking was held by Cuba ($X), with a 16% share of total exports. It was followed by the United States, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Haiti stood at +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+82.5% per year) and the United States (+21.1% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 202%. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Venezuela ($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 China (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into the Dominican Republic

In 2021, the amount of rubber tubing not reinforced imported into the Dominican Republic surged to X tons, jumping by 26% on 2020 figures. Over the period under review, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 977%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports soared to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 851%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-reinforced rubber tubing to the Dominican Republic, with a 58% share of total imports. Moreover, non-reinforced rubber tubing imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.6% per year) and Malaysia (+3.5% per year).

In value terms, the largest non-reinforced rubber tubing suppliers to the Dominican Republic were China ($X), the United States ($X) and Mexico ($X), together accounting for 76% of total imports. These countries were followed by Turkey, Malaysia, Japan, Spain and Finland, which together accounted for a further 11%.

In terms of the main suppliers, Turkey, with a CAGR of +13.5%, 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 non-reinforced rubber tubing import price stood at $X per ton in 2021, with an increase of 13% against the previous year. Overall, the import price, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :