Dominican Republic: Plaster Article Market 2024

Plaster Article Market Size in the Dominican Republic

The Dominican plaster article market skyrocketed to $X in 2021, increasing by 175% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from the Dominican Republic

Plaster article exports from the Dominican Republic surged to X tons in 2021, increasing by 177% against the previous year's figure. In general, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 470% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, plaster article exports surged to $X in 2021. Over the period under review, exports recorded a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for plaster article exports from the Dominican Republic, accounting for a 51% share of total exports. Moreover, plaster article exports to Haiti exceeded the volume sent to the second major destination, Turks and Caicos Islands (X tons), twofold. Jamaica (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+123.0% per year) and Jamaica (+22.3% per year).

In value terms, Haiti ($X) remains the key foreign market for plaster article exports from the Dominican Republic, comprising 82% of total exports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a 9.1% share of total exports. It was followed by Jamaica, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+71.5% per year) and Jamaica (+28.2% per year).

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, with an increase of 90% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Anguilla ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Anguilla (+194.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into the Dominican Republic

In 2021, overseas purchases of articles of plaster or of compositions based on plaster were finally on the rise to reach X tons after two years of decline. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster article imports surged to $X in 2021. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), the United States (X tons) and Honduras (X tons) were the main suppliers of plaster article imports to the Dominican Republic, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +64.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article suppliers to the Dominican Republic were the United States ($X), Mexico ($X) and Honduras ($X), together accounting for 95% of total imports.

Honduras, with a CAGR of +63.6%, recorded the highest growth rate of 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 2021, the average plaster article import price amounted to $X per ton, remaining constant against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plaster article import price decreased by -11.2% against 2016 indices. The growth pace was the most rapid in 2016 an increase of 57%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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