Dominican Republic: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Dominican Republic

The Dominican market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell to $X in 2022, which is down by -2.6% 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). Overall, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from the Dominican Republic

In 2022, after three years of decline, there was significant growth in overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume increased by 20% to X square meters. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 10,085% against the previous year. As a result, the exports reached the peak of X square meters. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 9,334% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Haiti (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from the Dominican Republic, with a 94% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Haiti exceeded the volume sent to the second major destination, the United States (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at +11.6%.

In value terms, Haiti ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +13.7%.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, picking up by 7.2% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +44.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 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 stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into the Dominican Republic

Imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into the Dominican Republic declined to X square meters in 2022, falling by -8.1% compared with the previous year. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 229%. As a result, imports attained the peak of X square meters, and then contracted in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 185% against the previous year. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to the Dominican Republic, with a 80% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), tenfold. The third position in this ranking was held by the United States (X square meters), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+47.8% per year) and the United States (-5.4% per year).

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to the Dominican Republic, comprising 70% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.2% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+52.6% per year) and the United States (+4.0% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, surging by 6.9% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -8.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 12%. As a result, import price attained the peak level of $X per square meter. From 2020 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 Mexico ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform