Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,843 per ton, increasing by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16% against the previous year. The import price peaked at $5,574 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($7,014 per ton), while the price for Turkey ($2,478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $431 per ton, which is down by -36.4% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 43%. The export price peaked at $2,511 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 the United States ($3,745 per ton), while the average price for exports to Haiti ($202 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 the United States (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into the Dominican Republic surged to 3.3K tons, growing by 18% against 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $16M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +69.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 6.3 | 9.5 | 10.4 | 17.0% |
| Mexico | 0.7 | 0.8 | 0.5 | 1.6 | 31.7% |
| Colombia | 0.8 | 0.7 | 1.0 | 0.7 | -4.4% |
| China | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
| Ecuador | 0.4 | 0.3 | 0.5 | 0.5 | 7.7% |
| Italy | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Spain | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Turkey | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.6 | 0.7 | 0.6 | 1.0 | 18.6% |
| Total | 9.6 | 9.3 | 13.0 | 15.8 | 18.1% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to the Dominican Republic in 2022:
- United States (2144.0 tons)
- Mexico (280.4 tons)
- Colombia (165.3 tons)
- China (162.1 tons)
- Spain (101.9 tons)
- Turkey (74.6 tons)
- Italy (71.6 tons)
- Ecuador (45.8 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic
In 2022, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from the Dominican Republic soared to 4.6K tons, jumping by 40% against the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank to $2M in 2022. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, the exports attained the peak of $2.2M, and then shrank in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 424 | 449 | 637 | 869 | 27.0% |
| United States | 505 | 435 | 687 | 578 | 4.6% |
| Venezuela | 265 | 279 | 894 | 452 | 19.5% |
| Others | 85.5 | 70.1 | 14.3 | 91.2 | 2.2% |
| Total | 1,279 | 1,233 | 2,231 | 1,990 | 15.9% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from the Dominican Republic in 2022:
- Haiti (4.3K tons)
- United States (0.2K tons)
- Venezuela (0.1K tons)
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