Dominican Republic: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in the Dominican Republic

The Dominican non-cellular polystyrene film market skyrocketed to $X in 2022, increasing by 41% 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 recorded buoyant growth. Non-cellular polystyrene film consumption peaked in 2022 and is expected to retain growth in years to come.

Non-Cellular Polystyrene Film Exports

Exports from the Dominican Republic

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip exported from the Dominican Republic reduced dramatically to X tons, declining by -36.6% on 2021 figures. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2017 when exports increased by 774,533%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-cellular polystyrene film exports shrank remarkably to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 773,000%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for non-cellular polystyrene film exports from the Dominican Republic, with a 96% share of total exports. Moreover, non-cellular polystyrene film exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +37.3%.

In value terms, Haiti ($X) emerged as the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from the Dominican Republic, comprising 74% of total exports. The second position in the ranking was taken by the United States ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +40.8%.

Export Prices by Country

In 2022, the average non-cellular polystyrene film export price amounted to $X per ton, dropping by -28.7% against the previous year. In general, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 429% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export 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 Haiti amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cellular Polystyrene Film Imports

Imports into the Dominican Republic

In 2022, purchases abroad of non-cellular polystyrene films, sheets, foil and strip increased by 34% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 99% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-cellular polystyrene film imports skyrocketed to $X in 2022. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 130%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-cellular polystyrene film to the Dominican Republic, accounting for a 63% share of total imports. Moreover, non-cellular polystyrene film imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Turkey (+136.4% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest non-cellular polystyrene film suppliers to the Dominican Republic, with a combined 91% share of total imports.

Among the main suppliers, Germany, with a CAGR of +189.7%, saw the highest rates of growth with regard to the value of imports, 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 non-cellular polystyrene film import price amounted to $X per ton, surging by 9.4% against the previous year. In general, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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