Dominican Republic: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in the Dominican Republic

The Dominican market for flexible tubes, pipes and hoses of plastics, with fittings was estimated at $X in 2022, picking up by 8.4% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in the Dominican Republic

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 28%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from the Dominican Republic

Exports of flexible tubes, pipes and hoses of plastics, with fittings from the Dominican Republic dropped dramatically to X tons in 2022, with a decrease of -78.3% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 1,787% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings fell significantly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 1,077%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from the Dominican Republic, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.5%.

In value terms, the United States ($X) also remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +6.2%.

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, declining by -8.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 141%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.6% per year.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into the Dominican Republic

In 2022, overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings decreased by -88.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a dramatic setback. The pace of growth appeared the most rapid in 2013 with an increase of 126%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings shrank rapidly to $X in 2022. Overall, imports continue to indicate a precipitous setback. The growth pace was the most rapid in 2013 with an increase of 121%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to the Dominican Republic, with a 78% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from the United States exceeded the figures recorded by the second-largest supplier, Italy (X kg), ninefold. Spain (X kg) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-24.4% per year) and Spain (-33.2% per year).

In value terms, the United States ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to the Dominican Republic, comprising 84% of total imports. The second position in the ranking was held by Italy ($X), with a 6.9% share of total imports. It was followed by Spain, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.4% per year) and Spain (-33.7% per year).

Import Prices by Country

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, surging by 43% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :