Dominican Republic: Plastic Container Market 2024

Plastic Container Market Size in the Dominican Republic

The Dominican plastic container market totaled $X in 2021, with an increase of 9.5% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastic container consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Plastic Container Production in the Dominican Republic

In value terms, plastic container production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 29% against the previous year. Plastic container production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Plastic Container Exports

Exports from the Dominican Republic

Plastic container exports from the Dominican Republic rose rapidly to X tons in 2021, growing by 11% on 2020. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.9% against 2014 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 91% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, plastic container exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 93%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic container exports from the Dominican Republic, accounting for a 56% share of total exports. Moreover, plastic container exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-1.4% per year) and Costa Rica (+15.0% per year).

In value terms, the United States ($X) remains the key foreign market for plastic containers exports from the Dominican Republic, comprising 59% of total exports. The second position in the ranking was held by Haiti ($X), with a 16% share of total exports. It was followed by Costa Rica, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-0.2% per year) and Costa Rica (+15.0% per year).

Export Prices by Country

The average plastic container export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Panama ($X per ton) and Trinidad and Tobago ($X per ton), while the average price for exports to Jamaica ($X per ton) and Costa Rica ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Container Imports

Imports into the Dominican Republic

In 2021, purchases abroad of plastic containers increased by 55% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic container imports surged to $X in 2021. Overall, imports showed a strong increase. The growth pace was the most rapid in 2018 with an increase of 65% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest plastic container supplier to the Dominican Republic, with a 67% share of total imports. Moreover, plastic container imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Uruguay (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.8% per year) and Uruguay (+63.0% per year).

In value terms, the United States ($X) constituted the largest supplier of plastic containers to the Dominican Republic, comprising 81% of total imports. The second position in the ranking was held by China ($X), with a 7.2% share of total imports. It was followed by Uruguay, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and Uruguay (+48.5% per year).

Import Prices by Country

In 2021, the average plastic container import price amounted to $X per ton, reducing by -9.4% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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