Price for Used Pneumatic Tyres of Rubber in the Dominican Republic - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in the Dominican Republic (CIF) - 2023
- Price for Used Pneumatic Tyres of Rubber in the Dominican Republic (FOB) - 2022
- Imports of Used Pneumatic Tyres of Rubber in the Dominican Republic
- Exports of Used Pneumatic Tyres of Rubber in the Dominican Republic
Price for Used Pneumatic Tyres of Rubber in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for used pneumatic tyres of rubbers amounted to $10.9 per unit, surging by 5.3% against the previous month. Over the period under review, the import price, however, recorded a perceptible decrease. The pace of growth was the most pronounced in June 2022 an increase of 21% against the previous month. As a result, import price reached the peak level of $15.6 per unit. From July 2022 to March 2023, the average import prices remained at a 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 the United States ($25.5 per unit), while the price for South Korea ($5.2 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in the Dominican Republic (FOB) - 2022
In 2022, the average export price for used pneumatic tyres of rubbers amounted to $34 per unit, picking up by 21% against the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 251% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($181 per unit), while the average price for exports to the United States ($7.9 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 Guatemala (+237.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Used Pneumatic Tyres of Rubber in the Dominican Republic
In 2022, approx. 1.4M units of used pneumatic tyres of rubbers were imported into the Dominican Republic; with an increase of 5.6% against the previous year. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, used pneumatic tyres of rubber imports rose markedly to $18M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Used Pneumatic Tyres of Rubber in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 4.0 | 5.6 | 6.6 | 17.2% |
| Japan | 1.5 | 1.5 | 1.8 | 2.0 | 10.1% |
| Spain | 1.3 | 1.6 | 1.8 | 1.8 | 11.5% |
| South Korea | 1.1 | 0.9 | 1.4 | 1.6 | 13.3% |
| Netherlands | 0.9 | 0.9 | 0.8 | 1.2 | 10.1% |
| France | 0.7 | 0.8 | 0.8 | 1.1 | 16.3% |
| China | 1.5 | 1.4 | 1.7 | 0.9 | -15.7% |
| Germany | 0.7 | 0.8 | 1.0 | 0.9 | 8.7% |
| Italy | 0.6 | 0.6 | 0.7 | 0.7 | 5.3% |
| Others | 1.0 | 1.1 | 1.3 | 1.4 | 11.9% |
| Total | 13.6 | 13.5 | 16.8 | 18.0 | 9.8% |
Top Suppliers of Used Pneumatic Tyres of Rubber to the Dominican Republic in 2022:
- United States (234.2K units)
- Spain (226.9K units)
- South Korea (174.2K units)
- Netherlands (147.6K units)
- Japan (126.9K units)
- France (122.9K units)
- Germany (97.7K units)
- Italy (76.1K units)
- China (56.3K units)
Exports of Used Pneumatic Tyres of Rubber in the Dominican Republic
In 2022, approx. 9K units of used pneumatic tyres of rubbers were exported from the Dominican Republic; reducing by -35.5% compared with the year before. Over the period under review, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at 41K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, used pneumatic tyres of rubber exports reduced sharply to $304K in 2022. In general, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 184%. As a result, the exports attained the peak of $390K, and then reduced rapidly in the following year.
| Export of Used Pneumatic Tyres of Rubber in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.4 | 12.2 | 53.0 | 78.4 | 96.1% |
| Cuba | 27.5 | 37.1 | 213 | 78.4 | 41.8% |
| Portugal | 19.7 | 16.5 | 29.9 | 54.2 | 40.1% |
| Turks and Caicos Islands | 2.7 | 1.5 | 12.1 | 26.9 | 115.2% |
| United States | 9.5 | 20.4 | 5.3 | 9.7 | 0.7% |
| Haiti | 202 | 18.5 | 14.4 | 9.7 | -63.7% |
| Mexico | 0.1 | 0.2 | 0.5 | 2.7 | 200.0% |
| France | 15.5 | 0.7 | 0.7 | 1.6 | -53.1% |
| El Salvador | 23.2 | 19.0 | 33.5 | N/A | 20.2% |
| Others | 11.6 | 11.3 | 28.4 | 42.9 | 54.6% |
| Total | 322 | 137 | 390 | 304 | -1.9% |
Top Export Markets for Used Pneumatic Tyres of Rubber from the Dominican Republic in 2022:
- Netherlands (2.7K units)
- Cuba (2.0K units)
- Portugal (1.9K units)
- United States (1.2K units)
- Haiti (0.6K units)
- Mexico (0.3K units)
- France (0.1K units)
- Turks and Caicos Islands (0.1K units)
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