Dominican Republic: Filter Paper Market 2024

Filter Paper Market Size in the Dominican Republic

The Dominican filter paper market surged to $X in 2021, growing by 314% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Filter Paper Exports

Exports from the Dominican Republic

In 2021, exports of filter paper and paperboard cut to shape from the Dominican Republic surged to X tons, picking up by 4,181% compared with the previous year's figure. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, filter paper exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 2,025% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for filter paper exports from the Dominican Republic, with a 65% share of total exports. Moreover, filter paper exports to Haiti exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 9.5% share.

From 2013 to 2021, the average annual growth rate of volume to Haiti amounted to +187.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and the United States (+81.9% per year).

In value terms, the largest markets for filter paper exported from the Dominican Republic were Haiti ($X), the United States ($X) and Costa Rica ($X), together accounting for 99% of total exports.

Haiti, with a CAGR of +157.0%, saw the highest rates of growth with regard to 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 filter paper export price stood at $X per ton in 2021, declining by -55.1% against the previous year. In general, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 an increase of 315% against the previous year. The export price peaked at $X per ton in 2020, and then fell dramatically in the following year.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+30.1%).

Filter Paper Imports

Imports into the Dominican Republic

In 2021, the amount of filter paper and paperboard cut to shape imported into the Dominican Republic soared to X tons, increasing by 281% on the previous year. Overall, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, filter paper imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest filter paper supplier to the Dominican Republic, with a 79% share of total imports. Moreover, filter paper imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), tenfold. The third position in this ranking was held by China (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+527.3% per year) and China (+25.9% per year).

In value terms, the United States ($X) constituted the largest supplier of filter paper and paperboard cut to shape to the Dominican Republic, comprising 74% of total imports. The second position in the ranking was held by Belgium ($X), with a 15% share of total imports. It was followed by China, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+710.2% per year) and China (+30.9% per year).

Import Prices by Country

The average filter paper import price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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