Dominican Republic: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports from the Dominican Republic

Plastic bath or sink exports from the Dominican Republic shrank sharply to X units in 2022, waning by -41.4% compared with 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 97%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bath or sink exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2014 with an increase of 348%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units) was the main destination for plastic bath or sink exports from the Dominican Republic, with a 59% share of total exports. Moreover, plastic bath or sink exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), threefold. Germany (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.7% per year) and Germany (0.0% per year).

In value terms, the United States ($X), France ($X) and Haiti ($X) constituted the largest markets for plastic bath or sink exported from the Dominican Republic worldwide, together accounting for 89% of total exports.

Among the main countries of destination, Haiti, with a CAGR of +23.8%, saw 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 plastic bath or sink export price stood at $X per unit in 2022, jumping by 178% against the previous year. In general, the export price recorded perceptible growth. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports into the Dominican Republic

In 2022, overseas purchases of plastic baths, shower-baths, sinks and wash-basins increased by 60% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 246%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic bath or sink imports surged to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest plastic bath or sink supplier to the Dominican Republic, with a 59% share of total imports. Moreover, plastic bath or sink imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Spain (X units), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+31.6% per year) and Spain (+26.7% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, shower-baths, sinks and wash-basins to the Dominican Republic, comprising 56% of total imports. The second position in the ranking was taken by Spain ($X), with a 24% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+39.1% per year) and the United States (+20.5% per year).

Import Prices by Country

The average plastic bath or sink import price stood at $X per unit in 2022, waning by -20.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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