Dominican Republic: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in the Dominican Republic

The Dominican non-corrugated paper box market rose significantly to $X in 2022, growing by 7.9% against the previous year. The market value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Corrugated Paper Box Production in the Dominican Republic

In value terms, non-corrugated paper box production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -5.2% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Corrugated Paper Box Exports

Exports from the Dominican Republic

In 2022, overseas shipments of folding cartons, boxes and cases of non-corrugated paper or paperboard decreased by -11.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 264% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, non-corrugated paper box exports amounted to $X in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 146%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Jamaica (X tons), Haiti (X tons) and the United States (X tons) were the main destinations of non-corrugated paper box exports from the Dominican Republic, with a combined 90% share of total exports. Trinidad and Tobago and Guyana lagged somewhat behind, together accounting for a further 5.7%.

From 2012 to 2022, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +39.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X), Haiti ($X) and the United States ($X) were the largest markets for non-corrugated paper box exported from the Dominican Republic worldwide, together comprising 89% of total exports. Trinidad and Tobago and Guyana lagged somewhat behind, together accounting for a further 6.9%.

Among the main countries of destination, Trinidad and Tobago, with a CAGR of +50.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-corrugated paper box export price amounted to $X per ton, growing by 16% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-corrugated paper box export price increased by +71.8% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports into the Dominican Republic

In 2022, purchases abroad of folding cartons, boxes and cases of non-corrugated paper or paperboard increased by 0.8% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 90% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-corrugated paper box imports declined dramatically to $X in 2022. Overall, imports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 83% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and the UK (X tons) were the main suppliers of non-corrugated paper box imports to the Dominican Republic, together accounting for 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +196.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the UK ($X) were the largest non-corrugated paper box suppliers to the Dominican Republic, together comprising 69% of total imports.

The UK, with a CAGR of +202.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-corrugated paper box import price amounted to $X per ton, waning by -21.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :