Dominican Republic: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in the Dominican Republic

The Dominican plastic household articles market fell remarkably to $X in 2022, with a decrease of -17.2% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Plastic Household Articles Production in the Dominican Republic

In value terms, plastic household articles production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 47% against the previous year. Plastic household articles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports from the Dominican Republic

In 2022, after three years of decline, there was significant growth in overseas shipments of household articles and toilet articles of plastics, when their volume increased by 45% to X tons. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 223% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports soared to $X in 2022. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 239%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for plastic household articles exports from the Dominican Republic, with a 77% share of total exports. Moreover, plastic household articles exports to the United States exceeded the volume sent to the second major destination, Jamaica (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+63.6% per year) and Chile (+109.0% per year).

In value terms, the United States ($X) remains the key foreign market for household articles and toilet articles of plastics exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was held by Jamaica ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+48.8% per year) and Chile (+96.9% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, declining by -7.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 the United States (-0.6%), while the prices for the other major destinations experienced a decline.

Plastic Household Articles Imports

Imports into the Dominican Republic

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into the Dominican Republic; which is down by -15.5% compared with 2021 figures. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 110%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, plastic household articles imports shrank remarkably to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of plastic household articles to the Dominican Republic, with a 77% share of total imports. Moreover, plastic household articles imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.3% per year) and Singapore (+146.0% per year).

In value terms, the United States ($X), China ($X) and Singapore ($X) appeared to be the largest plastic household articles suppliers to the Dominican Republic, with a combined 80% share of total imports.

Singapore, with a CAGR of +155.8%, recorded 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 plastic household articles import price amounted to $X per ton, which is down by -1.8% against the previous year. In general, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :