Dominican Republic: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in the Dominican Republic

The Dominican rubber tube and pipe market contracted rapidly to $X in 2023, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. Rubber tube and pipe consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from the Dominican Republic

In 2023, overseas shipments of tubes, pipes and hoses of vulcanized rubber decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, rubber tube and pipe exports dropped significantly to $X in 2023. Over the period under review, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Panama (X kg) were the main destinations of rubber tube and pipe exports from the Dominican Republic, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Haiti ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Panama (X% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into the Dominican Republic

In 2023, purchases abroad of tubes, pipes and hoses of vulcanized rubber decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, rubber tube and pipe imports shrank to $X in 2023. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest rubber tube and pipe supplier to the Dominican Republic, with a X% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Turkey (X% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the largest rubber tube and pipe suppliers to the Dominican Republic, together comprising X% of total imports. Turkey, Spain, Malaysia, Italy and Peru lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform