Dominican Republic: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in the Dominican Republic

The Dominican plastic shutters and blinds market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Shutters And Blinds in the Dominican Republic

In value terms, plastic shutters and blinds production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plastic Shutters And Blinds

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in shipments abroad of plastic shutters and blinds, which increased by 132% to X units in 2022. Overall, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 959%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds exports surged to $X in 2022. Over the period under review, exports, however, recorded a sharp decline. The pace of growth appeared the most rapid in 2014 with an increase of 1,084% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units), Turks and Caicos Islands (X units) and the United States (X units) were the main destinations of plastic shutters and blinds exports from the Dominican Republic, together accounting for 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turks and Caicos Islands (with a CAGR of +118.0%), while the other leaders experienced a decline.

In value terms, Haiti ($X), Turks and Caicos Islands ($X) and the United States ($X) constituted the largest markets for plastic shutters and blinds exported from the Dominican Republic worldwide, together accounting for 46% of total exports.

Turks and Caicos Islands, with a CAGR of +34.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average plastic shutters and blinds export price stood at $X per unit in 2022, falling by -35.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 368% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+7.4%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Shutters And Blinds

Imports into the Dominican Republic

In 2022, the amount of plastic shutters and blinds imported into the Dominican Republic declined to X units, with a decrease of -6.6% compared with the previous year. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 150% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic shutters and blinds imports dropped slightly to $X in 2022. Overall, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2015 with an increase of 83% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest plastic shutters and blinds supplier to the Dominican Republic, accounting for a 58% share of total imports. Moreover, plastic shutters and blinds imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. France (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.7% per year) and France (+36.4% per year).

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to the Dominican Republic, comprising 54% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by the United States, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.3% per year) and the United States (-1.0% per year).

Import Prices by Country

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, increasing by 3.1% against the previous year. In general, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2020 when the average import price increased by 58%. The import price peaked at $X per unit in 2012; however, from 2013 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 Canada ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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