Dominican Republic: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in the Dominican Republic

For the sixth year in a row, the Dominican high-tenacity filament polyester yarn market recorded growth in sales value, which increased by 1.2% to $X in 2021. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.8% against 2013 indices. High-tenacity filament polyester yarn consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Polyesters in the Dominican Republic

In value terms, high-tenacity filament polyester yarn production declined to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.4% against 2013 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 32% against the previous year. High-tenacity filament polyester yarn production peaked at $X in 2020, and then declined in the following year.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from the Dominican Republic

In 2021, shipments abroad of high-tenacity filament yarn of polyesters increased by 43% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 196% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 507% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of high-tenacity filament polyester yarn exports from the Dominican Republic, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from the Dominican Republic were Mexico ($X), Canada ($X) and China ($X), together comprising 90% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +23.9%, recorded the highest growth rate of 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 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, reducing by -8.1% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 105% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into the Dominican Republic

In 2021, supplies from abroad of high-tenacity filament yarn of polyesters increased by 60% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 351%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. Over the period under review, imports showed a temperate expansion. The pace of growth was the most pronounced in 2017 when imports increased by 407%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to the Dominican Republic, accounting for a 84% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The third position in this ranking was held by Guatemala (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.3% per year) and Guatemala (-14.3% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to the Dominican Republic, comprising 79% of total imports. The second position in the ranking was held by the United States ($X), with an 8.5% share of total imports. It was followed by Guatemala, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.3% per year) and Guatemala (-14.0% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, surging by 2.6% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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