Dominican Republic: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in the Dominican Republic

In 2021, the Dominican market for polyethylene with a specific gravity of less than X, in primary forms increased by 70% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from the Dominican Republic

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by -48% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 494%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms declined rapidly to $X in 2021. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 540% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons), Spain (X tons) and Ecuador (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from the Dominican Republic, together comprising 55% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +54.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from the Dominican Republic were Guatemala ($X), Venezuela ($X) and Ecuador ($X), with a combined 61% share of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of +43.7%, 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

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with an increase of 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Spain ($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 Ecuador (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into the Dominican Republic

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into the Dominican Republic surged to X tons, rising by 22% against the year before. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.8% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 51%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, imports recorded a resilient 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 with a specific gravity of less than X to the Dominican Republic, with a 65% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. 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 stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+30.3% per year) and Saudi Arabia (+42.1% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to the Dominican Republic, comprising 65% of total imports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total imports. It was followed by Saudi Arabia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+32.7% per year) and Saudi Arabia (+45.9% per year).

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 75% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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