Dominican Republic: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in the Dominican Republic

The Dominican market for floor, wall or ceiling coverings of plastics skyrocketed to $X in 2022, rising by 19% 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). In general, consumption saw strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in overseas shipments of floor, wall or ceiling coverings of plastics, when their volume increased by 71% to X square meters. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 194% against the previous year. Over the period under review, the exports of reached the maximum at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics soared to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,208%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X square meters), Haiti (X square meters) and Jamaica (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from the Dominican Republic, with a combined 73% share of total exports. Cuba, Belize, Anguilla, Antigua and Barbuda and Saint Lucia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda (with a CAGR of +376.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic floor, wall and ceiling coverings exported from the Dominican Republic were the United States ($X), Cuba ($X) and Jamaica ($X), with a combined 69% share of total exports. Saint Lucia, Haiti, Anguilla, Belize and Antigua and Barbuda lagged somewhat behind, together accounting for a further 22%.

Anguilla, with a CAGR of +197.2%, recorded the highest growth rate of 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 export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, picking up by 124% against the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 345% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per square meter), while the average price for exports to Haiti ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Anguilla (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into the Dominican Republic

In 2022, imports of floor, wall or ceiling coverings of plastics into the Dominican Republic surged to X square meters, with an increase of 21% against the year before. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 72% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of floor, wall or ceiling coverings of plastics surged to $X in 2022. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 113% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to the Dominican Republic, with a 67% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), fourfold. The third position in this ranking was taken by Spain (X square meters), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Spain (+5.2% per year).

In value terms, China ($X), the United States ($X) and Spain ($X) constituted the largest plastic floor, wall and ceiling coverings suppliers to the Dominican Republic, with a combined 86% share of total imports.

Among the main suppliers, China, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of imports, 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 floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, approximately mirroring the previous year. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for British Virgin Islands ($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 Spain (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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