Dominican Republic: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in the Dominican Republic

The Dominican non-cellular polyethylene film market skyrocketed to $X in 2021, jumping by 59% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a prominent expansion. Non-cellular polyethylene film consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Non-Cellular Polyethylene Film Exports

Exports from the Dominican Republic

After two years of growth, shipments abroad of non-cellular polyethylene films, sheets, foil and strip decreased by -16.4% to X tons in 2021. Over the period under review, exports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2017 when exports increased by 486% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-cellular polyethylene film exports shrank modestly to $X in 2021. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 443%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for non-cellular polyethylene film exports from the Dominican Republic, with a 67% share of total exports. Moreover, non-cellular polyethylene film exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), threefold. Trinidad and Tobago (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.6% per year) and Trinidad and Tobago (+49.6% per year).

In value terms, Haiti ($X) remains the key foreign market for non-cellular polyethylene films, sheets, foil and strip exports from the Dominican Republic, comprising 63% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Trinidad and Tobago, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+28.7% per year) and Trinidad and Tobago (+53.1% per year).

Export Prices by Country

In 2021, the average non-cellular polyethylene film export price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-cellular polyethylene film export price increased by +45.5% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 21%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Panama ($X per ton) and Trinidad and Tobago ($X per ton), while the average price for exports to Guyana ($X per ton) and Haiti ($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 Haiti (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polyethylene Film Imports

Imports into the Dominican Republic

Non-cellular polyethylene film imports into the Dominican Republic soared to X tons in 2021, surging by 20% compared with 2020 figures. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 123%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-cellular polyethylene film imports surged to $X in 2021. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 119%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of non-cellular polyethylene film to the Dominican Republic, with a 55% share of total imports. Moreover, non-cellular polyethylene film imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.5% per year) and Spain (+2.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-cellular polyethylene films, sheets, foil and strip to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 6.5% share of total imports. It was followed by Mexico, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.7% per year) and Mexico (+14.0% per year).

Import Prices by Country

The average non-cellular polyethylene film import price stood at $X per ton in 2021, rising by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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