Dominican Republic: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in the Dominican Republic

The Dominican non-cellular polypropylene film market declined markedly to $X in 2021, which is down by -16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Non-Cellular Polypropylene Film Exports

Exports from the Dominican Republic

In 2021, shipments abroad of non-cellular polypropylene films, sheets, foil and strip increased by 19% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 64% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-cellular polypropylene film exports skyrocketed to $X in 2021. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 77%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for non-cellular polypropylene film exports from the Dominican Republic, with a 53% share of total exports. Moreover, non-cellular polypropylene film exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+40.2% per year) and the United States (-0.9% per year).

In value terms, the largest markets for non-cellular polypropylene film exported from the Dominican Republic were Haiti ($X), the United States ($X) and Jamaica ($X), together accounting for 86% of total exports. These countries were followed by Cuba, Costa Rica, Trinidad and Tobago, Guatemala and Peru, which together accounted for a further 12%.

Costa Rica, with a CAGR of +58.8%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 non-cellular polypropylene film export price amounted to $X per ton, picking up by 8.5% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Peru ($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 Cuba (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polypropylene Film Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of non-cellular polypropylene films, sheets, foil and strip decreased by -9.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.7% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 60% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, non-cellular polypropylene film imports dropped to $X in 2021. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 142%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of non-cellular polypropylene film to the Dominican Republic, with a 45% share of total imports. Moreover, non-cellular polypropylene film imports from the United States exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+43.6% per year) and India (+37.4% per year).

In value terms, the United States ($X) constituted the largest supplier of non-cellular polypropylene films, sheets, foil and strip to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by India ($X), with a 5.5% share of total imports. It was followed by Saudi Arabia, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.2% per year) and Saudi Arabia (+20.6% per year).

Import Prices by Country

The average non-cellular polypropylene film import price stood at $X per ton in 2021, growing by 3.3% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price 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. The pace of growth was the most pronounced in 2017 when the average import price increased by 51%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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