Dominican Republic: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in the Dominican Republic

In 2021, the Dominican market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 93% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a significant increase. Consumption of peaked in 2021 and is likely to see steady growth in years to come.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from the Dominican Republic

Exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the Dominican Republic surged to X tons in 2021, increasing by 29% compared with 2020. Overall, exports, however, showed a sharp downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 317%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 321% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the Dominican Republic, with a 71% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Haiti exceeded the volume sent to the second major destination, the United States (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti totaled -5.2%.

In value terms, the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from the Dominican Republic were the United States ($X) and Haiti ($X).

The United States, with a CAGR of +21.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 76% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by +98.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the average price for exports to Haiti stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.1%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, which increased by 105% to X tons in 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 531%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 599% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the Dominican Republic, with a 58% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.5% per year) and Mexico (+42.9% per year).

In value terms, the United States ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the Dominican Republic, comprising 61% of total imports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total imports. It was followed by South Korea, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+41.3% per year) and South Korea (-0.7% per year).

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, waning by -9.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 68% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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