Dominican Republic: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in the Dominican Republic

In 2021, after two years of growth, there was significant decline in the Dominican market for bottles, jars and other containers of glass, when its value decreased by -29.9% to $X. Overall, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in the Dominican Republic

In value terms, glass bottle, jar and container production contracted dramatically to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 219%. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from the Dominican Republic

In 2021, approx. X units of bottles, jars and other containers of glass were exported from the Dominican Republic; which is down by -26.1% compared with 2020. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 620%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. In general, exports recorded a perceptible descent. The growth pace was the most rapid in 2014 when exports increased by 425% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for glass bottle, jar and container exports from the Dominican Republic, with a 54% share of total exports. Moreover, glass bottle, jar and container exports to France exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to France totaled +84.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and Argentina (+63.5% per year).

In value terms, France ($X), Argentina ($X) and the United States ($X) were the largest markets for glass bottle, jar and container exported from the Dominican Republic worldwide, with a combined 60% share of total exports.

France, with a CAGR of +82.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, with an increase of 80% against the previous year. Overall, the export price saw moderate growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 101%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into the Dominican Republic

Glass bottle, jar and container imports into the Dominican Republic declined to X units in 2021, waning by -12.9% on the year before. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Imports peaked at X units in 2020, and then dropped in the following year.

In value terms, glass bottle, jar and container imports fell slightly to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

Costa Rica (X units), Spain (X units) and Peru (X units) were the main suppliers of glass bottle, jar and container imports to the Dominican Republic, with a combined 45% share of total imports. These countries were followed by Guatemala, the UK, Trinidad and Tobago, Portugal, Colombia and Ecuador, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +137.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Spain ($X) and Peru ($X) constituted the largest glass bottle, jar and container suppliers to the Dominican Republic, together accounting for 41% of total imports. These countries were followed by Guatemala, the UK, Colombia, Trinidad and Tobago, Portugal and Ecuador, which together accounted for a further 28%.

Among the main suppliers, Portugal, with a CAGR of +103.8%, recorded the highest growth rate of the value of imports, 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 import price for bottles, jars and other containers of glass amounted to $X per unit, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 13%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :