Dominican Republic: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in the Dominican Republic

In 2022, the Dominican market for other plastic tubes, pipes and hoses increased by 30% to $X, rising for the second year in a row after four years of decline. In general, consumption continues to indicate a resilient increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from the Dominican Republic

In 2022, the amount of other plastic tubes, pipes and hoses exported from the Dominican Republic skyrocketed to X tons, growing by 139% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,327%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of other plastic tubes, pipes and hoses soared to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 1,016% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Haiti (X tons), Jamaica (X tons) and Saint Vincent and the Grenadines (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from the Dominican Republic, with a combined 87% share of total exports. The United States and Venezuela lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other plastic tubes, pipes and hoses exported from the Dominican Republic were Jamaica ($X), Saint Vincent and the Grenadines ($X) and Haiti ($X), together accounting for 90% of total exports. The United States and Venezuela lagged somewhat behind, together accounting for a further 7.5%.

Among the main countries of destination, the United States, with a CAGR of +40.7%, recorded the highest rates of growth with regard to 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

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, reducing by -30% against the previous year. In general, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 55% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Venezuela ($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 (-4.7%), while the prices for the other major destinations experienced a decline.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into the Dominican Republic

In 2022, purchases abroad of other plastic tubes, pipes and hoses increased by 15% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 167%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 167% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other plastic tubes, pipes and hoses to the Dominican Republic, accounting for a 63% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +52.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+31.2% per year) and South Korea (+58.5% per year).

In value terms, China ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to the Dominican Republic, comprising 31% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Russia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+56.8% per year) and Russia (+51.5% per year).

Import Prices by Country

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, picking up by 36% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood 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 Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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