Dominican Republic: Plastic Box Market 2024

Plastic Box Market Size in the Dominican Republic

The Dominican plastic box market declined to $X in 2022, falling by -11.2% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Plastic Box Production in the Dominican Republic

In value terms, plastic box production contracted to $X in 2022 estimated in export price. In general, production, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of 98%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Plastic Box Exports

Exports from the Dominican Republic

In 2022, overseas shipments of plastic boxes, cases, crates and similar packing articles increased by 117% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 153%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic box exports soared to $X in 2022. In general, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic box exports from the Dominican Republic, with a 81% share of total exports. Moreover, plastic box exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), tenfold. Canada (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-15.0% per year) and Canada (+170.7% per year).

In value terms, the United States ($X) remains the key foreign market for plastic boxes, cases, crates and similar packing articles exports from the Dominican Republic, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 6% share of total exports. It was followed by Haiti, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+203.2% per year) and Haiti (-16.7% per year).

Export Prices by Country

In 2022, the average plastic box export price amounted to $X per ton, surging by 87% against the previous year. Overall, the export price saw a noticeable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Haiti ($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 Canada (+12.0%), while the prices for the other major destinations experienced a decline.

Plastic Box Imports

Imports into the Dominican Republic

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were imported into the Dominican Republic; with an increase of 5.1% compared with 2021 figures. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports expanded markedly to $X in 2022. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 41%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), the UK (X tons) and China (X tons) were the main suppliers of plastic box imports to the Dominican Republic, with a combined 78% share of total imports. Colombia, Mexico, Spain and Israel lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +80.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to the Dominican Republic, comprising 79% of total imports. The second position in the ranking was held by the UK ($X), with a 4.3% share of total imports. It was followed by China, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+28.1% per year) and China (+13.0% per year).

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, picking up by 5% against the previous year. In general, the import price posted strong growth. The growth pace was the most rapid in 2016 when the average import price increased by 70%. The import price peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while the price for the UK ($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 United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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