Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic - 2023

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic (CIF) - 2023
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic (CIF) - 2023

The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $68,914 per ton in March 2023, with an increase of 55% against the previous month. Overall, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in October 2022 an increase of 1,555% m-o-m. As a result, import price reached the peak level of $96,312 per ton. From November 2022 to March 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($36,915 per ton), while the price for Mexico ($2,256 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Germany (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $12,480 per ton in 2022, jumping by 45% against the previous year. Overall, the export price enjoyed temperate growth. The most prominent rate of growth was recorded in 2021 an increase of 99% against the previous year. Over the period under review, the average export prices reached the maximum at $17,606 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($74,660 per ton), while the average price for exports to Mexico ($1,223 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 Turks and Caicos Islands (+1,393.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which increased by 12% to 39 tons in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals surged to $513K in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to the Dominican Republic in 2022:

1. China (24.6 tons)
2. United States (9.4 tons)
3. Mexico (2.1 tons)
4. Japan (0.8 tons)
5. Germany (0.7 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Dominican Republic

In 2022, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals from the Dominican Republic surged to 531 kg, with an increase of 532% on the previous year's figure. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 578% against the previous year. As a result, the exports reached the peak of 2.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals surged to $6.6K in 2022. Over the period under review, exports recorded a significant increase.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from the Dominican Republic in 2022:

1. Mexico (179.0 kg)
2. Haiti (169.0 kg)
3. United States (123.0 kg)
4. Turks and Caicos Islands (50.0 kg)
5. Saint Vincent and the Grenadines (10.0 kg)

Source: IndexBox Market Intelligence Platform