Dominican Republic: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in the Dominican Republic

In 2022, the Dominican glass in the mass market decreased by -6.6% to $X, falling for the third consecutive year after three years of growth. In general, consumption saw a precipitous descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in the Dominican Republic

In value terms, glass in the mass production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.9% against the previous year. Glass in the mass production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Glass in The Mass

Exports from the Dominican Republic

In 2022, overseas shipments of glass in the mass increased by 9% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 56% against the previous year. Over the period under review, the glass in mass exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, glass in the mass exports declined sharply to $X in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 158%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Taiwan (Chinese) (X tons), Costa Rica (X tons) and Trinidad and Tobago (X tons) were the main destinations of glass in the mass exports from the Dominican Republic, with a combined 100% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +88.9%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for glass in the mass exports from the Dominican Republic, comprising 63% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) amounted to +79.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+18.3% per year) and Trinidad and Tobago (+54.2% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, with a decrease of -25.3% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 68%. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Panama (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into the Dominican Republic

In 2022, the amount of glass in the mass imported into the Dominican Republic fell sharply to X tons, reducing by -35.2% compared with 2021. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 6,580%. Over the period under review, glass in mass imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports reduced to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 6,986%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Turkey (X kg) were the main suppliers of glass in the mass imports to the Dominican Republic, with a combined 100% share 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 United States (with a CAGR of +56.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of glass in the mass to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +61.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.6% per year) and Turkey (-30.2% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, rising by 45% against the previous year. Over the period under review, the import price continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 73%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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