Dominican Republic: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the Dominican Republic

After two years of decline, the Dominican market for drawn glass and blown glass increased by 166% to $X in 2021. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Drawn Glass And Blown Glass

Exports from the Dominican Republic

In 2021, approx. X square meters of drawn glass and blown glass were exported from the Dominican Republic; which is down by -29.1% against 2020 figures. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 729% against the previous year. As a result, the exports attained the peak of X square meters. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports fell modestly to $X in 2021. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of 581% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X square meters) was the main destination for drawn glass and blown glass exports from the Dominican Republic, with a 61% share of total exports. Moreover, drawn glass and blown glass exports to Haiti exceeded the volume sent to the second major destination, the United States (X square meters), fivefold. The third position in this ranking was held by Argentina (X square meters), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to +56.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.5% per year) and Argentina (+18.6% per year).

In value terms, the largest markets for drawn glass and blown glass exported from the Dominican Republic were the United States ($X), Haiti ($X) and Argentina ($X), together comprising 68% of total exports. These countries were followed by Jamaica, Germany and France, which together accounted for a further 16%.

Among the main countries of destination, Germany, with a CAGR of +71.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, picking up by 36% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price increased by +90.3% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Haiti ($X per square meter) 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 (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in purchases abroad of drawn glass and blown glass, when their volume increased by 61% to X square meters. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 66%. As a result, imports reached the peak of X square meters. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, drawn glass and blown glass imports surged to $X in 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X square meters) constituted the largest drawn glass and blown glass supplier to the Dominican Republic, with a 89% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), more than tenfold. Saudi Arabia (X square meters) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+4.0% per year) and Saudi Arabia (+15.3% per year).

In value terms, China ($X) constituted the largest supplier of drawn glass and blown glass to the Dominican Republic, comprising 86% of total imports. The second position in the ranking was held by Malaysia ($X), with a 5.5% share of total imports. It was followed by Mexico, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+30.1% per year) and Mexico (-11.1% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, picking up by 105% against the previous year. Overall, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+45.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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