Dominican Republic: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in the Dominican Republic

The Dominican plastic tableware and kitchenware market reduced markedly to $X in 2022, dropping by -23.5% against the previous year. Overall, consumption, however, saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Tableware And Kitchenware in the Dominican Republic

In value terms, plastic tableware and kitchenware production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 43% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Plastic Tableware And Kitchenware

Exports from the Dominican Republic

Plastic tableware and kitchenware exports from the Dominican Republic skyrocketed to X tons in 2022, growing by 108% against 2021 figures. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic tableware and kitchenware exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic tableware and kitchenware exports from the Dominican Republic, with a 70% share of total exports. Moreover, plastic tableware and kitchenware exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), fivefold. The third position in this ranking was taken by Trinidad and Tobago (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+10.6% per year) and Trinidad and Tobago (+10.7% per year).

In value terms, the United States ($X) remains the key foreign market for plastic tableware and kitchenware exports from the Dominican Republic, comprising 67% of total exports. The second position in the ranking was taken by Haiti ($X), with a 17% share of total exports. It was followed by Trinidad and Tobago, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+15.9% per year) and Trinidad and Tobago (+17.0% per year).

Export Prices by Country

In 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood 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 Haiti ($X per ton), while the average price for exports to Canada ($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 Trinidad and Tobago (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into the Dominican Republic

In 2022, the amount of plastic tableware and kitchenware imported into the Dominican Republic soared to X tons, jumping by 84% against 2021 figures. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 121% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic tableware and kitchenware imports surged to $X in 2022. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic tableware and kitchenware supplier to the Dominican Republic, accounting for a 51% share of total imports. Moreover, plastic tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Mexico (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Mexico (+22.1% per year).

In value terms, China ($X) constituted the largest supplier of plastic tableware and kitchenware to the Dominican Republic, comprising 47% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by El Salvador, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.4% per year) and El Salvador (+26.4% per year).

Import Prices by Country

The average plastic tableware and kitchenware import price stood at $X per ton in 2022, declining by -2.2% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($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 (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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