Report Update: May 1, 2024

Dominican Republic - Glass Fibres And Glass Wool - Market Analysis, Forecast, Size, Trends And Insights

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Price for Glass Fibres and Wool in the Dominican Republic - 2023

Price for Glass Fibres and Wool in the Dominican Republic (CIF) - 2022

In 2022, the average glass fibres and wool import price amounted to $4,005 per ton, reducing by -10.6% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26%. Over the period under review, average import prices reached the maximum at $7,854 per ton in 2016; however, from 2017 to 2022, 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 Spain ($9,111 per ton), while the price for Colombia ($2,607 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.6%), while the prices for the other major suppliers experienced a decline.

Price for Glass Fibres and Wool in the Dominican Republic (FOB) - 2022

The average glass fibres and wool export price stood at $2,587 per ton in 2022, waning by -9.4% against the previous year. Overall, the export price, however, posted a noticeable expansion. The growth pace was the most rapid in 2013 an increase of 651% against the previous year. As a result, the export price attained the peak level of $12,450 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($2,669 per ton), while the average price for exports to the United States amounted to $2,494 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres and Wool in the Dominican Republic

In 2022, purchases abroad of glass fibres and glass wool decreased by -2.4% to 213 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 6.5%. As a result, imports attained the peak of 219 tons, and then contracted in the following year.

In value terms, glass fibres and wool imports fell to $854K in 2022. Overall, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of $979K, and then fell in the following year.

Import of Glass Fibres and Wool in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	263	237	398	326	7.4%
China	304	217	393	322	1.9%
Mexico	166	124	90.2	102	-15.0%
Spain	144	32.0	27.7	54.8	-27.5%
Colombia	32.9	107	4.4	38.7	5.6%
Others	17.5	13.3	65.2	11.0	-14.3%
Total	928	729	979	854	-2.7%

Top Suppliers of Glass Fibres and Wool to the Dominican Republic in 2022:

China (111.3 tons)
United States (42.4 tons)
Mexico (38.0 tons)
Colombia (14.8 tons)
Spain (6.0 tons)

Exports of Glass Fibres and Wool in the Dominican Republic

In 2022, approx. 6.9 tons of glass fibres and glass wool were exported from the Dominican Republic; which is down by -10.7% on 2021 figures. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 145%. As a result, the exports attained the peak of 7.8 tons, and then dropped in the following year.

In value terms, glass fibres and wool exports shrank sharply to $18K in 2022. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62%.

Export of Glass Fibres and Wool in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Haiti	1.0	6.8	8.3	9.8	114.0%
United States	1.8	0.8	6.8	8.1	65.1%
Antigua and Barbuda	43.3	N/A	N/A	N/A	0%
Jamaica	3.0	N/A	N/A	N/A	0%
Others	N/A	6.2	7.1	N/A	14.5%
Total	49.1	13.7	22.2	18.0	-28.4%

Top Export Markets for Glass Fibres and Wool from the Dominican Republic in 2022:

Haiti (3.7 tons)
United States (3.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for glass fibres and wool in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023