Dominican Republic: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in the Dominican Republic

The Dominican hard plastic comb market expanded significantly to $X in 2022, surging by 14% against the previous year. Over the period under review, consumption showed noticeable growth. Hard plastic comb consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hard Plastic Comb Production in the Dominican Republic

In value terms, hard plastic comb production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by 54% against the previous year. Hard plastic comb production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hard Plastic Comb Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in overseas shipments of hard rubber or plastic combs, which decreased by -9.7% to X tons in 2022. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 813% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hard plastic comb exports declined rapidly to $X in 2022. Overall, exports saw a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by 734% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for hard plastic comb exports from the Dominican Republic, with a 60% share of total exports. Moreover, hard plastic comb exports to Haiti exceeded the volume sent to the second major destination, Turks and Caicos Islands (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (-9.6% per year) and the United States (+22.2% per year).

In value terms, Haiti ($X) remains the key foreign market for hard rubber or plastic combs exports from the Dominican Republic, comprising 39% of total exports. The second position in the ranking was taken by the United States ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+38.4% per year) and Turks and Caicos Islands (-0.6% per year).

Export Prices by Country

The average hard plastic comb export price stood at $X per ton in 2022, declining by -17.2% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 250%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turks and Caicos Islands ($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 Cuba (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into the Dominican Republic

In 2022, overseas purchases of hard rubber or plastic combs increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 76%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hard plastic comb imports expanded significantly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 88%. Imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) was the main hard plastic comb supplier to the Dominican Republic, with a 91% share of total imports. Moreover, hard plastic comb imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Panama (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+63.3% per year) and Panama (+31.9% per year).

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to the Dominican Republic, comprising 88% of total imports. The second position in the ranking was taken by India ($X), with a 6.2% share of total imports. It was followed by Panama, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+58.1% per year) and Panama (+22.2% per year).

Import Prices by Country

The average hard plastic comb import price stood at $X per ton in 2022, dropping by -2.4% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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