Dominican Republic: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in the Dominican Republic

The Dominican plastic pipe and hose market rose notably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in the Dominican Republic

In value terms, plastic pipe and hose production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from the Dominican Republic

In 2022, approx. X tons of plastics tubes, pipes and hoses, and fitting were exported from the Dominican Republic; dropping by X% against 2021. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, plastic pipe and hose exports soared to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for plastic pipe and hose exports from the Dominican Republic, with a X% share of total exports. Moreover, plastic pipe and hose exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), twofold. Jamaica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Jamaica (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastics tubes, pipes and hoses, and fitting exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Jamaica ($X), with a X% share of total exports. It was followed by Costa Rica, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average plastic pipe and hose export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Costa Rica ($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 Guyana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into the Dominican Republic

In 2022, imports of plastics tubes, pipes and hoses, and fitting into the Dominican Republic declined to X tons, waning by X% on 2021. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, plastic pipe and hose imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed temperate growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Mexico (X tons) were the main suppliers of plastic pipe and hose imports to the Dominican Republic, together accounting for X% of total imports. Spain, Costa Rica, Turkey, Colombia and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of plastics tubes, pipes and hoses, and fitting to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

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

Import Prices by Country

The average plastic pipe and hose import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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