Dominican Republic: Prepared Rubber Accelerators Market 2022

Prepared Rubber Accelerators Market Size in the Dominican Republic

In 2021, the Dominican prepared rubber accelerators market decreased by -27.3% to $X, falling for the fifth consecutive year after five years of growth. Over the period under review, consumption, however, enjoyed a strong increase. Prepared rubber accelerators consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports from the Dominican Republic

In 2021, shipments abroad of prepared rubber accelerators increased by 3,838% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators exports soared to $X in 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for prepared rubber accelerators exports from the Dominican Republic, with a 97% share of total exports. It was followed by Haiti (X tons), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Vietnam was relatively modest.

In value terms, Vietnam ($X) emerged as the key foreign market for prepared rubber accelerators exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by Haiti ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam was relatively modest.

Export Prices by Country

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, picking up by 42% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared rubber accelerators export price increased by +117.5% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Haiti ($X per ton), while the average price for exports to Vietnam totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in supplies from abroad of prepared rubber accelerators, which decreased by -6.9% to X tons in 2021. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 152%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared rubber accelerators imports contracted to $X in 2021. Overall, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 163% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Colombia (X tons) and Mexico (X tons) were the main suppliers of prepared rubber accelerators imports to the Dominican Republic, with a combined 62% share of total imports. Brazil, South Korea, the United States and Spain lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +13,102.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators suppliers to the Dominican Republic were Mexico ($X), Colombia ($X) and South Korea ($X), together comprising 59% of total imports. China, the United States, Brazil and Spain lagged somewhat behind, together comprising a further 41%.

Brazil, with a CAGR of +5,552.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average prepared rubber accelerators import price amounted to $X per ton, reducing by -2.8% against the previous year. Overall, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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