Dominican Republic: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the Dominican Republic

The Dominican market for polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted dramatically to $X in 2022, waning by -33.3% 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). In general, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from the Dominican Republic

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the Dominican Republic rose remarkably to X tons in 2022, surging by 11% on 2021. In general, exports saw a mild expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,057% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 341% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the Dominican Republic, with a 99.9% share of total exports. It was followed by Haiti (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +6.3%.

In value terms, the United States ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by Haiti ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -4.1%.

Export Prices by Country

In 2022, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, dropping by -6.8% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained 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 the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+43.1%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into the Dominican Republic

Imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into the Dominican Republic fell sharply to X tons in 2022, waning by -32.9% on the year before. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 192% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted notably to $X in 2022. Over the period under review, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 199% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the Dominican Republic, with a combined 80% share of total imports. Egypt, China and the United States lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +155.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), India ($X) and Mexico ($X) appeared to be the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to the Dominican Republic, together accounting for 79% of total imports. China, Egypt and the United States lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Egypt, with a CAGR of +136.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 2.3%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :