Price for New Pneumatic Tyres, of Rubber in the Dominican Republic - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in the Dominican Republic (CIF) - 2021
- Price for New Pneumatic Tyres, of Rubber in the Dominican Republic (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in the Dominican Republic
- Exports of New Pneumatic Tyres, of Rubber in the Dominican Republic
Price for New Pneumatic Tyres, of Rubber in the Dominican Republic (CIF) - 2021
In December 2021, the average import price for new pneumatic tyres, of rubbers amounted to $61.3 per unit, therefore, remained relatively stable against the previous month. Over the period under review, the import price showed a mild increase. Over the period under review, average import prices attained the maximum in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was India ($105 per unit), while the price for Mexico ($55.0 per unit) was amongst the lowest.
From March 2021 to December 2021, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in the Dominican Republic (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $36 per unit, reducing by -6.6% against the previous year. Over the period under review, the export price showed a precipitous slump. The growth pace was the most rapid in 2016 when the average export price increased by 28% against the previous year. The export price peaked at $990 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($49 per unit), while the average price for exports to Haiti ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.1%).
Imports of New Pneumatic Tyres, of Rubber in the Dominican Republic
In 2022, approx. 1.9M units of new pneumatic tyres, of rubbers were imported into the Dominican Republic; which is down by -12.3% on 2021 figures. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of 2.2M units, and then reduced in the following year.
In value terms, new pneumatic tyres, of rubber imports skyrocketed to $143M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +80.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of New Pneumatic Tyres, of Rubber in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.6 | 40.0 | 67.9 | 79.4 | 14.7% |
| Japan | 7.0 | 6.9 | 8.7 | 13.0 | 22.9% |
| United States | 10.6 | 10.4 | 11.0 | 10.6 | 0.0% |
| Costa Rica | 6.3 | 4.5 | 7.2 | 7.7 | 6.9% |
| Thailand | 5.0 | 4.6 | 5.7 | 7.1 | 12.4% |
| Vietnam | 4.3 | 4.5 | 5.3 | 6.6 | 15.4% |
| Indonesia | 0.5 | 0.5 | 0.6 | 1.7 | 50.4% |
| Others | 12.8 | 7.9 | 15.4 | 17.0 | 9.9% |
| Total | 99.0 | 79.4 | 122 | 143 | 13.0% |
Top Suppliers of New Pneumatic Tyres, of Rubber to the Dominican Republic in 2022:
- China (1173.5K units)
- Vietnam (353.9K units)
- Indonesia (99.6K units)
- Thailand (65.1K units)
- Japan (49.0K units)
- Costa Rica (45.3K units)
- United States (26.9K units)
Exports of New Pneumatic Tyres, of Rubber in the Dominican Republic
In 2022, overseas shipments of new pneumatic tyres, of rubbers decreased by -25.7% to 19K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,056%. The exports peaked at 26K units in 2021, and then reduced remarkably in the following year.
In value terms, new pneumatic tyres, of rubber exports dropped rapidly to $704K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 262% against the previous year. The exports peaked at $1M in 2021, and then declined rapidly in the following year.
| Export of New Pneumatic Tyres, of Rubber in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | N/A | N/A | N/A | 640 | 0% |
| Cuba | N/A | N/A | N/A | 50.2 | 0% |
| United States | N/A | N/A | 975 | 5.6 | -99.4% |
| Slovenia | N/A | N/A | 11.7 | N/A | 0% |
| Guyana | N/A | N/A | 12.0 | N/A | 0% |
| Netherlands | 37.9 | 226 | N/A | N/A | 496.3% |
| Canada | N/A | N/A | 1.3 | N/A | 0% |
| Others | 64.6 | 145 | 14.6 | 7.8 | -50.6% |
| Total | 102 | 371 | 1,014 | 704 | 90.4% |
Top Export Markets for New Pneumatic Tyres, of Rubber from the Dominican Republic in 2022:
- Haiti (18.3K units)
- Cuba (1.0K units)
- United States (0.1K units)
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