Dominican Republic: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in the Dominican Republic

In 2022, the Dominican plastic self-adhesive plate market increased by 31% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Plastic Self-Adhesive Plate Exports

Exports from the Dominican Republic

In 2022, the amount of plastic self-adhesive plates, sheets and other flat shapes exported from the Dominican Republic surged to X tons, growing by 37% against 2021 figures. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 269% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, plastic self-adhesive plate exports skyrocketed to $X in 2022. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 312% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for plastic self-adhesive plate exports from the Dominican Republic, with a 60% share of total exports. Moreover, plastic self-adhesive plate exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+50.0% per year) and the United States (+20.9% per year).

In value terms, Haiti ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was held by Jamaica ($X), with a 16% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+53.8% per year) and the United States (+19.2% per year).

Export Prices by Country

In 2022, the average plastic self-adhesive plate export price amounted to $X per ton, waning by -10.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 28% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru ($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 Jamaica (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Self-Adhesive Plate Imports

Imports into the Dominican Republic

In 2022, approx. X tons of plastic self-adhesive plates, sheets and other flat shapes were imported into the Dominican Republic; growing by 32% against the previous year. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic self-adhesive plate imports soared to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Colombia (X tons) were the main suppliers of plastic self-adhesive plate imports to the Dominican Republic, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of plastic self-adhesive plates, sheets and other flat shapes to the Dominican Republic, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.4% per year) and Spain (+38.4% per year).

Import Prices by Country

The average plastic self-adhesive plate import price stood at $X per ton in 2022, increasing by 3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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