Dominican Republic: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in the Dominican Republic

The Dominican market for flexible tubes, pipes and hoses of plastics, without fittings stood at $X in 2022, growing by 5.7% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in the Dominican Republic

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 27%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from the Dominican Republic

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, without fittings were exported from the Dominican Republic; picking up by 48% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 13,498% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings soared to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 6,816%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Haiti (X tons) and the United States (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, without fittings from the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +63.0%).

In value terms, the United States ($X) emerged as the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from the Dominican Republic, comprising 78% of total exports. The second position in the ranking was held by Haiti ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +51.7%.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, jumping by 139% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 179%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.8%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into the Dominican Republic

In 2022, imports of flexible tubes, pipes and hoses of plastics, without fittings into the Dominican Republic surged to X tons, growing by 77% on 2021. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia (X tons), Spain (X tons) and China (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to the Dominican Republic, with a combined 42% share of total imports. Mexico, the United States, Poland, Germany, Bulgaria, Peru, Saudi Arabia, Canada, South Korea and the Czech Republic lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +173.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and China ($X) were the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to the Dominican Republic, with a combined 44% share of total imports. Poland, Germany, the United States, Spain, Bulgaria, Saudi Arabia, Peru, South Korea, Canada and the Czech Republic lagged somewhat behind, together comprising a further 50%.

South Korea, with a CAGR of +166.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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