Dominican Republic: Composite Paperboard Market 2024

Composite Paperboard Market Size in the Dominican Republic

In 2021, the Dominican composite paperboard market decreased by -1.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Composite Paperboard Exports

Exports from the Dominican Republic

In 2021, overseas shipments of composite paper and paperboard increased by 65% to X tons, rising for the second year in a row after seven years of decline. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 185% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, composite paperboard exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 201%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Grenada (X tons) were the main destinations of composite paperboard exports from the Dominican Republic.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Grenada (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for composite paper and paperboard exports from the Dominican Republic, comprising 86% of total exports. The second position in the ranking was held by Haiti ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-33.1% per year) and Grenada (0.0% per year).

Export Prices by Country

The average composite paperboard export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Grenada ($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 (+10.8%).

Composite Paperboard Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of composite paper and paperboard decreased by -0.7% to X tons, falling for the eighth consecutive year after two years of growth. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 425% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, composite paperboard imports rose significantly to $X in 2021. Overall, imports recorded a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 425% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of composite paperboard to the Dominican Republic, with a 36% share of total imports. Moreover, composite paperboard imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and Spain (-22.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of composite paper and paperboard to the Dominican Republic, comprising 30% of total imports. The second position in the ranking was held by the United States ($X), with a 7.4% share of total imports. It was followed by Ukraine, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.8% per year) and Ukraine (0.0% per year).

Import Prices by Country

The average composite paperboard import price stood at $X per ton in 2021, picking up by 10% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, composite paperboard import price increased by +84.3% against 2012 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 10%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while the price for Spain ($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 (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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