Price for Inner Tubes, of Rubber in the Dominican Republic - 2023

Price for Inner Tubes, of Rubber in the Dominican Republic (CIF) - 2023

In March 2023, the average inner tubes, of rubber import price amounted to $1.9 per unit, reducing by -19.2% against the previous month. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in August 2022 an increase of 24% m-o-m. The import price peaked at $2.8 per unit in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From March 2022 to March 2023, the rate of growth in terms of prices for Vietnam amounted to -1.0% per month.

Price for Inner Tubes, of Rubber in the Dominican Republic (FOB) - 2022

The average inner tubes, of rubber export price stood at $2.8 per unit in 2022, stabilizing at the previous year. Overall, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 70% against the previous year. The export price peaked at $4 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +53.3% per year.

Imports of Inner Tubes, of Rubber in the Dominican Republic

In 2022, approx. 1.6M units of inner tubes, of rubbers were imported into the Dominican Republic; dropping by -21.6% on the year before. In general, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74%. As a result, imports attained the peak of 2M units, and then reduced notably in the following year.

In value terms, inner tubes, of rubber imports dropped sharply to $7.2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year. As a result, imports attained the peak of $9.3M, and then contracted notably in the following year.

Import of Inner Tubes, of Rubber in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.9	3.7	6.2	5.6	12.8%
Vietnam	1.3	0.8	1.0	0.9	-11.5%
Others	0.5	0.6	2.0	0.7	11.9%
Total	5.6	5.2	9.3	7.2	8.7%

Top Suppliers of Inner Tubes, of Rubber to the Dominican Republic in 2022:

China (1326.6K units)
Vietnam (182.2K units)

Exports of Inner Tubes, of Rubber in the Dominican Republic

In 2022, approx. 65K units of inner tubes, of rubbers were exported from the Dominican Republic; which is down by -10.4% on the previous year's figure. Over the period under review, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. The exports peaked at 121K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inner tubes, of rubber exports reduced to $185K in 2022. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at $299K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.