Dominican Republic: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in the Dominican Republic

The Dominican high-tenacity filament nylon yarn market rose significantly to $X in 2022, with an increase of 6.5% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in the Dominican Republic

In value terms, high-tenacity filament nylon yarn production rose notably to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -5.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 30%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in shipments abroad of high-tenacity filament yarn of nylon or other polyamides, which increased by 55% to X tons in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 603%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament nylon yarn exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 374%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for high-tenacity filament nylon yarn exports from the Dominican Republic, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +33.5%.

In value terms, Haiti ($X) also remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +37.1%.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, flattening at the previous year. Overall, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 197% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +13.1% per year.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into the Dominican Republic

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported into the Dominican Republic; increasing by 19% on 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 38%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 45%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest high-tenacity filament nylon yarn supplier to the Dominican Republic, accounting for a 62% share of total imports. Moreover, high-tenacity filament nylon yarn imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+24.6% per year) and China (-0.7% per year).

In value terms, the United States ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by Mexico ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+38.9% per year) and China (-2.2% per year).

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, increasing by 4.2% against the previous year. In general, the import price recorded buoyant growth. The growth pace was the most rapid in 2016 when the average import price increased by 115%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :