Dominican Republic: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in the Dominican Republic

The Dominican rubber tube and pipe market soared to $X in 2021, with an increase of 42% 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). Over the period under review, consumption saw a notable expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from the Dominican Republic

Rubber tube and pipe exports from the Dominican Republic skyrocketed to X tons in 2021, increasing by 314% against the year before. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 1,177%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 1,426%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for rubber tube and pipe exports from the Dominican Republic, with a 71% share of total exports. Moreover, rubber tube and pipe exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was held by Mexico (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.5% per year) and Mexico (+79.2% per year).

In value terms, Haiti ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from the Dominican Republic, comprising 51% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.5% per year) and the Netherlands (-5.9% per year).

Export Prices by Country

In 2021, the average rubber tube and pipe export price amounted to $X per ton, dropping by -10.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Mexico ($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 the United Arab Emirates (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into the Dominican Republic

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were imported into the Dominican Republic; growing by 51% against the previous year's figure. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 102%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, rubber tube and pipe imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 142% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber tube and pipe to the Dominican Republic, accounting for a 58% share of total imports. Moreover, rubber tube and pipe 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 held by Mexico (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.9% per year) and Mexico (+2.9% per year).

In value terms, the largest rubber tube and pipe suppliers to the Dominican Republic were China ($X), the United States ($X) and Mexico ($X), together accounting for 75% of total imports. Canada, Turkey, Italy and Japan lagged somewhat behind, together comprising a further 9%.

Among the main suppliers, Turkey, with a CAGR of +36.0%, 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

The average rubber tube and pipe import price stood at $X per ton in 2021, dropping by -6.5% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average 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 Canada ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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