Dominican Republic: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in the Dominican Republic

The Dominican market for cellular plates, sheets and films of polyymers of styrene rose notably to $X in 2022, growing by 6.1% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in the Dominican Republic

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.6% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 23%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from the Dominican Republic

Exports of cellular plates, sheets and films of polyymers of styrene from the Dominican Republic soared to X tons in 2022, rising by 40% against 2021 figures. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 391% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Overall, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 592% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Nicaragua (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from the Dominican Republic, together comprising 74% of total exports. Antigua and Barbuda, the Netherlands, Suriname and Curacao lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Suriname (with a CAGR of +268.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Haiti ($X) and Antigua and Barbuda ($X) constituted the largest markets for polystyrene cellular plates, sheets and films exported from the Dominican Republic worldwide, together comprising 70% of total exports. The Netherlands, Suriname, Curacao and Nicaragua lagged somewhat behind, together comprising a further 11%.

Suriname, with a CAGR of +199.0%, saw the highest growth rate of the value of exports, among 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 cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, surging by 21% against the previous year. Over the period under review, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2016 an increase of 85% against the previous year. As a result, the export price reached 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to Nicaragua ($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 Venezuela (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into the Dominican Republic

In 2022, overseas purchases of cellular plates, sheets and films of polyymers of styrene were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed strong growth. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Israel (X tons) and Colombia (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to the Dominican Republic, with a combined 88% share of total imports. Brazil, Spain and China lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +57.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to the Dominican Republic, comprising 75% of total imports. The second position in the ranking was taken by Israel ($X), with a 17% share of total imports. It was followed by Colombia, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+47.2% per year) and Colombia (+38.2% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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