Dominican Republic: Polyamide Market 2025

Polyamide Market Size in the Dominican Republic

In 2021, the Dominican polyamide market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Polyamide Exports

Exports from the Dominican Republic

Polyamide exports from the Dominican Republic amounted to X kg in 2021, remaining constant against 2020 figures. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 4,965%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyamide exports totaled $X in 2021. Over the period under review, exports showed noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 7,725%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for polyamide exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Panama was relatively modest.

From 2015 to 2021, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

The average polyamide export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 116% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2015 to 2021, the rate of growth in terms of prices for Cuba amounted to 0.0% per year.

Polyamide Imports

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of polyamides (in primary forms), when their volume increased by 25% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 55% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polyamide imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 52%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Canada (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of polyamide imports to the Dominican Republic, together accounting for 66% of total imports. These countries were followed by China, the UK, Brazil, Mexico, Colombia and Taiwan (Chinese), which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +73.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide suppliers to the Dominican Republic were the United States ($X), Canada ($X) and South Korea ($X), with a combined 56% share of total imports. The UK, Colombia, Mexico, Taiwan (Chinese), China and Brazil lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, the UK, with a CAGR of +87.7%, saw the highest rates of growth with regard to 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

In 2021, the average polyamide import price amounted to $X per ton, with an increase of 8.5% against the previous year. Over the period under review, the import price, however, showed a slight setback. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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