Dominican Republic: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in the Dominican Republic

In 2022, the Dominican market for non-plasticised mixed polyvinyl chloride in primary forms increased by 3.1% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in the Dominican Republic

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms dropped slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by 30%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from the Dominican Republic

In 2022, shipments abroad of non-plasticised mixed polyvinyl chloride in primary forms decreased by -16.4% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, saw a mild expansion. The pace of growth was the most pronounced in 2013 with an increase of 72%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms declined to $X in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 59% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Trinidad and Tobago (X tons) and Haiti (X tons) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from the Dominican Republic, together accounting for 75% of total exports. Honduras, Venezuela, Suriname and Guyana lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-plasticised mixed polyvinyl chloride in primary forms exports from the Dominican Republic, comprising 39% of total exports. The second position in the ranking was taken by Haiti ($X), with a 19% share of total exports. It was followed by Trinidad and Tobago, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+0.4% per year) and Trinidad and Tobago (+31.0% per year).

Export Prices by Country

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-plasticised mixed polyvinyl chloride in primary forms increased by +67.5% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39%. The export price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into the Dominican Republic

In 2022, approx. X tons of non-plasticised mixed polyvinyl chloride in primary forms were imported into the Dominican Republic; rising by 64% on the previous year's figure. Over the period under review, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 294% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. Overall, imports continue to indicate a prominent expansion. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Colombia (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of non-plasticised mixed polyvinyl chloride in primary forms to the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +5.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest non-plasticised mixed polyvinyl chloride in primary forms suppliers to the Dominican Republic were Colombia ($X), the United States ($X) and China ($X).

Among the main suppliers, Colombia, with a CAGR of +16.8%, 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 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 42% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 273%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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