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Report Dominican Republic - Plastic Parts for Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Dominican Republic - Plastic Parts for Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in the Dominican Republic

In 2021, the Dominican lamp plastic parts market increased by 332% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lamp Plastic Parts Exports

Exports from the Dominican Republic

In 2021, overseas shipments of plastic parts for lamps and lighting fittings decreased by -2.3% to X kg, falling for the fifth year in a row after two years of growth. Overall, exports faced a precipitous decline. The pace of growth was the most pronounced in 2016 with an increase of 129%. As a result, the exports reached the peak of X kg. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lamp plastic parts exports dropped sharply to $X in 2021. In general, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for lamp plastic parts exports from the Dominican Republic, with a 83% share of total exports. Moreover, lamp plastic parts exports to the United States exceeded the volume sent to the second major destination, Mexico (X kg), more than tenfold. The third position in this ranking was held by Jamaica (X kg), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-24.4% per year) and Jamaica (-41.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for plastic parts for lamps and lighting fittings exports from the Dominican Republic, comprising 67% of total exports. The second position in the ranking was held by Mexico ($X), with a 23% share of total exports. It was followed by Jamaica, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-31.2% per year) and Jamaica (-30.3% per year).

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, reducing by -55.9% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jamaica ($X per ton), while the average price for exports to Chile ($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 Jamaica (+24.5%), while the prices for the other major destinations experienced mixed trend patterns.

Lamp Plastic Parts Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of plastic parts for lamps and lighting fittings increased by 182% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lamp plastic parts imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Mexico (X tons) were the main suppliers of lamp plastic parts imports to the Dominican Republic, together comprising 46% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp plastic parts suppliers to the Dominican Republic were the United States ($X), Mexico ($X) and China ($X), together comprising 38% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +61.0%, 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 lamp plastic parts import price amounted to $X per ton, picking up by 108% against the previous year. In general, the import price continues to indicate a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of lamp plastic parts consumption in 2020 were China, the United States and Japan, together comprising 58% of global consumption.
The country with the largest volume of lamp plastic parts production was China, accounting for 51% of total volume. Moreover, lamp plastic parts production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Japan ranked third in terms of total production with a 5.6% share.
In value terms, the United States constituted the largest supplier of lamp plastic parts to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was occupied by Panama, with a 21% share of total imports. It was followed by China, with a 16% share.
In value terms, the United States remains the key foreign market for lamp plastic parts exports from the Dominican Republic, comprising 84% of total exports. The second position in the ranking was occupied by Haiti $229), with a 16% share of total exports.
The average lamp plastic parts export price stood at $13,672 per ton in 2020, jumping by 34% against the previous year.
In 2020, the average lamp plastic parts import price amounted to $12,228 per ton, increasing by 27% against the previous year.

This report provides an in-depth analysis of the lamp plastic parts market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates

Country coverage:

  • Dominican Republic

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Dominican Republic
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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