Dominican Republic: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in the Dominican Republic

The Dominican synthetic latex rubber market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Synthetic latex rubber consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Synthetic Latex Rubber Production in the Dominican Republic

In value terms, synthetic latex rubber production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Synthetic latex rubber production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Synthetic Latex Rubber Exports

Exports from the Dominican Republic

In 2022, exports of synthetic latex rubber from the Dominican Republic declined remarkably to X tons, shrinking by X% on the previous year's figure. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, synthetic latex rubber exports reached $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

El Salvador (X tons) was the main destination for synthetic latex rubber exports from the Dominican Republic, with a X% share of total exports. It was followed by Haiti (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled X%.

In value terms, El Salvador ($X) remains the key foreign market for synthetic latex rubber exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador amounted to X%.

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a strong expansion. 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 El Salvador ($X per ton), while the average price for exports to Haiti totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (X%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Latex Rubber Imports

Imports into the Dominican Republic

In 2022, the amount of synthetic latex rubber imported into the Dominican Republic declined rapidly to X tons, falling by X% on 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic latex rubber imports dropped markedly to $X in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of synthetic latex rubber imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest synthetic latex rubber suppliers to the Dominican Republic.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic latex rubber import price decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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