Dominican Republic: Polishes For Coachwork Market 2025

Polishes For Coachwork Market Size in the Dominican Republic

In 2022, after four years of growth, there was significant decline in the Dominican polishes for coachwork market, when its value decreased by -34.5% to $X. In general, consumption, however, enjoyed a temperate increase. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Polishes For Coachwork Exports

Exports from the Dominican Republic

Polishes for coachwork exports from the Dominican Republic dropped markedly to X tons in 2022, shrinking by -40.7% on the year before. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 1,891,200%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, polishes for coachwork exports shrank remarkably to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 10,865,450%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X tons), Haiti (X tons) and the United States (X tons) were the main destinations of polishes for coachwork exports from the Dominican Republic, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Turks and Caicos Islands (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turks and Caicos Islands ($X), Haiti ($X) and the United States ($X) were the largest markets for polishes for coachwork exported from the Dominican Republic worldwide, with a combined 66% share of total exports.

Turks and Caicos Islands, with a CAGR of +16.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, with an increase of 30% against the previous year. Overall, the export price, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2016 an increase of 475% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Haiti ($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 France (+5.2%), while the prices for the other major destinations experienced a decline.

Polishes For Coachwork Imports

Imports into the Dominican Republic

Polishes for coachwork imports into the Dominican Republic shrank rapidly to X tons in 2022, which is down by -40.9% on 2021 figures. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, polishes for coachwork imports declined rapidly to $X in 2022. Over the period under review, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest polishes for coachwork supplier to the Dominican Republic, accounting for a 71% share of total imports. Moreover, polishes for coachwork imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +4.1%.

In value terms, the United States ($X) constituted the largest supplier of polishes for coachwork to the Dominican Republic, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +2.6%.

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.4%).

Source: IndexBox Platform

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