Dominican Republic - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in the Dominican Republic - 2023
Contents:
- Price for Synthetic Rubber (Excluding Latex) in the Dominican Republic (CIF) - 2022
- Price for Synthetic Rubber (Excluding Latex) in the Dominican Republic (FOB) - 2022
- Imports of Synthetic Rubber (Excluding Latex) in the Dominican Republic
- Exports of Synthetic Rubber (Excluding Latex) in the Dominican Republic
Price for Synthetic Rubber (Excluding Latex) in the Dominican Republic (CIF) - 2022
In 2022, the average synthetic rubber (excluding latex) import price amounted to $3,399 per ton, increasing by 33% against the previous year. Overall, the import price, however, continues to indicate a slight slump. Over the period under review, average import prices hit record highs at $3,853 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($8,917 per ton), while the price for Spain ($809 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Rubber (Excluding Latex) in the Dominican Republic (FOB) - 2022
In 2022, the average synthetic rubber (excluding latex) export price amounted to $652,397 per ton, jumping by 28,167% against the previous year. Overall, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($20,000 per ton), while the average price for exports to the United States ($3,132 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+25.8%).
Imports of Synthetic Rubber (Excluding Latex) in the Dominican Republic
In 2022, approx. 1.7K tons of synthetic rubber (excluding latex) were imported into the Dominican Republic; reducing by -13.5% against 2021. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 69%. As a result, imports reached the peak of 2K tons, and then contracted in the following year.
In value terms, synthetic rubber (excluding latex) imports soared to $5.8M in 2022. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 98% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Synthetic Rubber (Excluding Latex) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 603 | 908 | 1,585 | 1,877 | 46.0% |
| Mexico | 888 | 621 | 1,350 | 921 | 1.2% |
| United States | 931 | 464 | 1,049 | 903 | -1.0% |
| Thailand | 228 | 227 | 432 | 619 | 39.5% |
| South Korea | N/A | N/A | N/A | 507 | 0% |
| Germany | 455 | 186 | 458 | 382 | -5.7% |
| Spain | 10.7 | 27.0 | 20.1 | 252 | 186.6% |
| Indonesia | 16.7 | 15.5 | 28.6 | 89.0 | 74.7% |
| Belgium | 103 | N/A | N/A | N/A | 0% |
| Others | 204 | 86.8 | 105 | 250 | 7.0% |
| Total | 3,439 | 2,536 | 5,028 | 5,800 | 19.0% |
Top Suppliers of Synthetic Rubber (Excluding Latex) to the Dominican Republic in 2022:
- United States (430.8 tons)
- China (350.1 tons)
- Spain (311.2 tons)
- Mexico (256.1 tons)
- Thailand (115.6 tons)
- Indonesia (68.6 tons)
- South Korea (56.8 tons)
- Germany (55.0 tons)
Exports of Synthetic Rubber (Excluding Latex) in the Dominican Republic
In 2022, after three years of growth, there was significant decline in shipments abroad of synthetic rubber (excluding latex), when their volume decreased by -95.8% to 7.9 tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 12,553%. As a result, the exports attained the peak of 187 tons, and then shrank markedly in the following year.
In value terms, synthetic rubber (excluding latex) exports surged to $5.1M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 24,539%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Synthetic Rubber (Excluding Latex) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | N/A | N/A | 41.5 | 0% |
| United States | 0.1 | N/A | 3.3 | 0.5 | 71.0% |
| Vietnam | N/A | N/A | 429 | N/A | 0% |
| Others | N/A | 1.8 | N/A | 5,094 | 5219.8% |
| Total | 0.1 | 1.8 | 432 | 5,136 | 3617.1% |
Top Export Markets for Synthetic Rubber (Excluding Latex) from the Dominican Republic in 2022:
- Peru (7.7 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) 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 20171090 - Synthetic rubber (excluding latex)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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