Dominican Republic: Unvulcanized Rubber Market 2022

Unvulcanized Rubber Market Size in the Dominican Republic

After two years of decline, the Dominican unvulcanized rubber market increased by X% to $X in 2021. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Unvulcanized Rubber Production in the Dominican Republic

In value terms, unvulcanized rubber production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Unvulcanized rubber production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports from the Dominican Republic

Unvulcanized rubber exports from the Dominican Republic dropped remarkably to X tons in 2021, waning by -X% compared with the previous year's figure. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports dropped markedly to $X in 2021. Overall, exports faced a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cuba (X tons) was the main destination for unvulcanized rubber exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, unvulcanized rubber exports to Cuba exceeded the volume sent to the second major destination, Haiti (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-X% per year) and the United States (+X% per year).

In value terms, the largest markets for unvulcanized rubber exported from the Dominican Republic were Haiti ($X), Cuba ($X) and the United States ($X), together accounting for X% of total exports.

Among the main countries of destination, the United States, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average unvulcanized rubber export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Haiti ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+X%), while the prices for the other major destinations experienced a decline.

Unvulcanized Rubber Imports

Imports into the Dominican Republic

In 2021, overseas purchases of unvulcanized rubber and articles thereof decreased by -X% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, unvulcanized rubber imports reduced to $X in 2021. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main suppliers of unvulcanized rubber imports to the Dominican Republic, together accounting for X% of total imports. These countries were followed by the Netherlands, Guatemala, Spain, Indonesia, South Korea and Colombia, which together accounted for a further X 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber suppliers to the Dominican Republic were the United States ($X), Mexico ($X) and China ($X), with a combined X% share of total imports. These countries were followed by South Korea, Guatemala, Spain, Colombia, Indonesia and the Netherlands, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among 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 unvulcanized rubber import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform