Dominican Republic: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in the Dominican Republic

In 2022, after two years of growth, there was decline in the Dominican adhesive bandage market, when its value decreased by -1.4% to $X. Overall, consumption, however, saw a resilient increase. Adhesive bandage consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Adhesive Bandage Production in the Dominican Republic

In value terms, adhesive bandage production amounted to $X in 2022 estimated in export price. Overall, production enjoyed moderate growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 57%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Adhesive Bandage Exports

Exports from the Dominican Republic

In 2022, overseas shipments of adhesive bandages increased by 2.3% to X tons, rising for the sixth consecutive year after four years of decline. Over the period under review, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, adhesive bandage exports fell slightly to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 29%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Singapore (X tons) and Poland (X tons) were the main destinations of adhesive bandage exports from the Dominican Republic, with a combined 64% share of total exports. Spain, the UK, Japan, Taiwan (Chinese), Canada, France, China, Mexico, Israel and Brazil lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for adhesive bandages exports from the Dominican Republic, comprising 30% of total exports. The second position in the ranking was held by Singapore ($X), with a 15% share of total exports. It was followed by Japan, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+29.7% per year) and Japan (+39.9% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, dropping by -7.1% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained 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 Japan ($X per ton), while the average price for exports to Poland ($X 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 Japan (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into the Dominican Republic

In 2022, purchases abroad of adhesive bandages decreased by -7.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 339% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, adhesive bandage imports shrank to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of 220%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), the United States (X tons) and Pakistan (X tons) were the main suppliers of adhesive bandage imports to the Dominican Republic, together accounting for 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +43.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive bandage suppliers to the Dominican Republic were the United States ($X), China ($X) and the UK ($X), together accounting for 82% of total imports.

The UK, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average adhesive bandage import price amounted to $X per ton, reducing by -6.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2018 when the average import price increased by 14%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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