Dominican Republic: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in the Dominican Republic

The Dominican paper and paperboard market surged to $X in 2022, rising by 47% 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). Overall, consumption, however, recorded a noticeable descent. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Paper And Paperboard Exports

Exports from the Dominican Republic

Paper and paperboard exports from the Dominican Republic shrank significantly to X tons in 2022, which is down by -66.6% against 2021 figures. Overall, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 952%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, paper and paperboard exports fell sharply to $X in 2022. In general, exports saw a sharp contraction. The growth pace was the most rapid in 2020 when exports increased by 745% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), the United States (X tons) and Cuba (X tons) were the main destinations of paper and paperboard exports from the Dominican Republic, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +73.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from the Dominican Republic, comprising 75% of total exports. The second position in the ranking was held by Cuba ($X), with a 19% share of total exports. It was followed by Haiti, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+78.1% per year) and Haiti (-34.5% per year).

Export Prices by Country

In 2022, the average paper and paperboard export price amounted to $X per ton, which is down by -7.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 24% against the previous year. The export price peaked 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($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 Netherlands (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of paper and paperboard (creped, crinkled, embossed or perforated) increased by 22% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, paper and paperboard imports skyrocketed to $X in 2022. Overall, imports, however, recorded a slight curtailment. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest paper and paperboard supplier to the Dominican Republic, with a 51% share of total imports. Moreover, paper and paperboard imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+69.7% per year) and Colombia (+134.8% per year).

In value terms, the United States ($X) constituted the largest supplier of paper and paperboard (creped, crinkled, embossed or perforated) to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+75.2% per year) and the UK (+182.4% per year).

Import Prices by Country

In 2022, the average paper and paperboard import price amounted to $X per ton, growing by 34% against the previous year. In general, the import price posted a moderate expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 118%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Guatemala ($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 UK (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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