Dominican Republic: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in the Dominican Republic

After three years of decline, the Dominican market for plastic hoses and hose fittings increased by 1.7% to $X in 2021. Overall, consumption, however, recorded a slight descent. Plastic hose and hose fitting consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Hoses and Hose Fittings in the Dominican Republic

In value terms, plastic hose and hose fitting production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from the Dominican Republic

In 2021, overseas shipments of plastic hoses and hose fittings decreased by -13.1% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 7.9%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports reduced to $X in 2021. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 11% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Jamaica (X tons) and Germany (X tons) were the main destinations of plastic hose and hose fitting exports from the Dominican Republic, together comprising 90% of total exports. These countries were followed by Cayman Islands and France, which together accounted for a further 2.8%.

From 2012 to 2021, the biggest increases were recorded for Cayman Islands (with a CAGR of +1,412.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for plastic hoses and hose fittings exports from the Dominican Republic, comprising 56% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 19% share of total exports. It was followed by Cayman Islands, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-4.9% per year) and Cayman Islands (+1,875.9% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, picking up by 2.9% against the previous year. Overall, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2013 an increase of 4.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cayman Islands ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into the Dominican Republic

In 2021, plastic hose and hose fitting imports into the Dominican Republic contracted to X tons, which is down by -12.4% against the previous year's figure. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 45%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports fell dramatically to $X in 2021. In general, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 75%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic hose and hose fitting to the Dominican Republic, accounting for a 51% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.6% per year) and Colombia (+7.3% per year).

In value terms, the largest plastic hose and hose fitting suppliers to the Dominican Republic were China ($X), Mexico ($X) and the United States ($X), together comprising 50% of total imports. These countries were followed by Russia, Colombia, Germany, Poland, Italy, South Korea and Panama, which together accounted for a further 33%.

In terms of the main suppliers, Russia, with a CAGR of +72.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, which is down by -35.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 21%. The import price peaked at $X per ton in 2020, and then declined notably in the following year.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Russia (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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