Dominican Republic: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in the Dominican Republic

The Dominican polyethylene in primary forms market surged to $X in 2021, increasing 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). Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.2% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from the Dominican Republic

Polyethylene in primary forms exports from the Dominican Republic fell significantly to X tons in 2021, which is down by -34.3% on the previous year. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 46%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene in primary forms exports plummeted to $X in 2021. Overall, exports, however, enjoyed a slight increase. The growth pace was the most rapid in 2013 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Venezuela (X tons) and Ecuador (X tons) were the main destinations of polyethylene in primary forms exports from the Dominican Republic, together comprising 73% of total exports.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +106.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene in primary forms exported from the Dominican Republic were Venezuela ($X), the United States ($X) and Ecuador ($X), together accounting for 75% of total exports.

Among the main countries of destination, Venezuela, with a CAGR of +123.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, growing by 15% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene in primary forms export price increased by +30.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 106%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into the Dominican Republic

In 2021, approx. X tons of polyethylene in primary forms were imported into the Dominican Republic; growing by 15% compared with 2020. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.8% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 46% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene in primary forms imports surged to $X in 2021. Overall, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polyethylene in primary forms to the Dominican Republic, with a 60% share of total imports. Moreover, polyethylene in primary forms imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+39.1% per year) and Saudi Arabia (+80.4% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene in primary forms to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total imports. It was followed by Saudi Arabia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+41.1% per year) and Saudi Arabia (+82.6% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, growing by 74% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and Mexico ($X per ton), while the price for China ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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