Dominican Republic: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in the Dominican Republic

The Dominican polyethylene glycol wax market fell significantly to $X in 2021, waning by -26.9% 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). Overall, consumption continues to indicate a mild curtailment. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Exports

Exports from the Dominican Republic

In 2021, overseas shipments of artificial and prepared waxes of polyethylene glycol decreased by -47.8% to X kg, falling for the fifth consecutive year after two years of growth. Over the period under review, exports saw a significant decline. The pace of growth was the most pronounced in 2015 with an increase of 1,117%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, polyethylene glycol wax exports reduced sharply to $X in 2021. Overall, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 1,033%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X kg) was the main destination for polyethylene glycol wax exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Trinidad and Tobago stood at -60.0%.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for artificial and prepared waxes of polyethylene glycol exports from the Dominican Republic, comprising 94% of total exports. The second position in the ranking was held by Guatemala ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Trinidad and Tobago stood at -44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-23.5% per year) and Haiti (-39.2% per year).

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, reducing by -3.4% against the previous year. Overall, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 105% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Trinidad and Tobago ($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 the United States (+61.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into the Dominican Republic

Polyethylene glycol wax imports into the Dominican Republic contracted rapidly to X tons in 2021, which is down by -40% on the previous year. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 when imports increased by 278% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, polyethylene glycol wax imports shrank sharply to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 237% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of polyethylene glycol wax to the Dominican Republic, accounting for a 51% share of total imports. Moreover, polyethylene glycol wax imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+62.2% per year) and Italy (+28.6% per year).

In value terms, the United States ($X), Italy ($X) and Taiwan (Chinese) ($X) constituted the largest polyethylene glycol wax suppliers to the Dominican Republic, with a combined 54% share of total imports. These countries were followed by Germany, Brazil, Mexico, Costa Rica, Singapore and France, which together accounted for a further 29%.

Brazil, with a CAGR of +64.0%, 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 2021, the average polyethylene glycol wax import price amounted to $X per ton, rising by 32% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 57% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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