Dominican Republic: Flat Glass Market 2024

Flat Glass Market Size in the Dominican Republic

For the third year in a row, the Dominican flat glass market recorded growth in sales value, which increased by 135% to $X in 2021. Over the period under review, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Flat Glass Exports

Exports from the Dominican Republic

In 2021, flat glass exports from the Dominican Republic soared to X tons, increasing by 16% on the year before. In general, exports posted resilient growth. The growth pace was the most rapid in 2015 with an increase of 230% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, flat glass exports surged to $X in 2021. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 152%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for flat glass exports from the Dominican Republic, accounting for a 53% share of total exports. Moreover, flat glass exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+32.5% per year) and the United States (-6.3% per year).

In value terms, Haiti ($X) emerged as the key foreign market for flat glass exports from the Dominican Republic, comprising 59% of total exports. The second position in the ranking was held by Jamaica ($X), with a 13% share of total exports. It was followed by the United States, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+26.8% per year) and the United States (-8.4% per year).

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass export price increased by +62.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 62% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Saint Lucia ($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 France (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in overseas purchases of flat glass, which increased by 85% to X tons in 2021. Over the period under review, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flat glass imports skyrocketed to $X in 2021. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of flat glass to the Dominican Republic, accounting for a 64% share of total imports. Moreover, flat glass imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. Nigeria (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+45.8% per year) and Nigeria (+93.2% per year).

In value terms, China ($X) constituted the largest supplier of flat glass to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5.2% share of total imports. It was followed by the United States, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+55.3% per year) and the United States (+2.6% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, jumping by 39% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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