Dominican Republic: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in the Dominican Republic

In 2021, the Dominican plastic household ware market decreased by -9.2% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Plastic Household Ware Production in the Dominican Republic

In value terms, plastic household ware production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.8% against 2016 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 27%. Plastic household ware production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Plastic Household Ware Exports

Exports from the Dominican Republic

In 2021, overseas shipments of plastics household articles and toilet articles increased by 44% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +12.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 71% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, plastic household ware exports surged to $X in 2021. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 93%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic household ware exports from the Dominican Republic, accounting for a 59% share of total exports. Moreover, plastic household ware exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), threefold. Jamaica (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+9.1% per year) and Jamaica (+23.3% per year).

In value terms, the United States ($X) remains the key foreign market for plastics household articles and toilet articles exports from the Dominican Republic, comprising 61% of total exports. The second position in the ranking was held by Haiti ($X), with a 22% share of total exports. It was followed by Jamaica, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+12.1% per year) and Jamaica (+26.0% per year).

Export Prices by Country

In 2021, the average plastic household ware export price amounted to $X per ton, rising by 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Bahamas ($X per ton) and Haiti ($X per ton), while the average price for exports to Jamaica ($X per ton) and Panama ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into the Dominican Republic

In 2021, the amount of plastics household articles and toilet articles imported into the Dominican Republic skyrocketed to X tons, rising by 28% against 2020. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 63%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, plastic household ware imports expanded notably to $X in 2021. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 48%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and El Salvador (X tons) were the main suppliers of plastic household ware imports to the Dominican Republic, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household ware suppliers to the Dominican Republic were China ($X), the United States ($X) and El Salvador ($X), with a combined 71% share of total imports.

In terms of the main suppliers, El Salvador, with a CAGR of +23.4%, saw the highest growth rate of 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

The average plastic household ware import price stood at $X per ton in 2021, waning by -13.1% against the previous year. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :