Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic (CIF) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $6,706 per ton, increasing by 84% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 119% against the previous month. Over the period under review, average import prices reached the maximum at $8,468 per ton in June 2022; however, from July 2022 to March 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Brazil ($19,139 per ton), while the price for Uruguay ($3,564 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Italy (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $6,215 per ton, jumping by 179% against the previous year. Overall, the export price, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 183%. The export price peaked at $64,000 per ton in 2012; however, from 2013 to 2022, 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 Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic

In 2022, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into the Dominican Republic fell notably to 369 tons, with a decrease of -35.8% on the previous year. Overall, imports recorded a dramatic setback. The smallest decline of -13.7% was in 2020.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips shrank to $1.9M in 2022. In general, imports saw a precipitous descent.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to the Dominican Republic in 2022:

1. China (195.4 tons)
2. United States (99.0 tons)
3. Brazil (21.6 tons)
4. Uruguay (17.9 tons)
5. South Korea (9.7 tons)
6. Peru (8.7 tons)
7. Argentina (6.9 tons)
8. Mexico (2.1 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the Dominican Republic

After two years of decline, overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -99.3% to 994 kg in 2022. Over the period under review, exports, however, recorded a significant increase.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips dropped markedly to $6.2K in 2022. Overall, exports, however, showed significant growth.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from the Dominican Republic in 2022:

1. Guatemala (992.0 kg)

Source: IndexBox Market Intelligence Platform