Dominican Republic: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in the Dominican Republic

For the sixth consecutive year, the Dominican polyvinyl chloride market recorded growth in sales value, which increased by 1.1% to $X in 2022. Overall, consumption showed a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Polyvinyl Chloride Exports

Exports from the Dominican Republic

In 2022, approx. X tons of polyvinyl chloride were exported from the Dominican Republic; waning by -17.4% compared with the previous year. Over the period under review, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of 77%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports contracted to $X in 2022. Overall, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +31.6% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 63% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Trinidad and Tobago (X tons) and Haiti (X tons) were the main destinations of polyvinyl chloride exports from the Dominican Republic, with a combined 75% share 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 ($X) remains the key foreign market for polyvinyl chloride exports from the Dominican Republic, comprising 40% of total exports. The second position in the ranking was taken by Haiti ($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 rate of growth in terms of value to the United States totaled +7.8%. 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

The average polyvinyl chloride export price stood at $X per ton in 2022, growing by 14% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +69.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, 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.

Polyvinyl Chloride Imports

Imports into the Dominican Republic

In 2022, imports of polyvinyl chloride into the Dominican Republic rose remarkably to X tons, increasing by 5.8% against the previous year. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, polyvinyl chloride imports shrank to $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest polyvinyl chloride supplier to the Dominican Republic, with a 54% share of total imports. Moreover, polyvinyl chloride imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+132.0% per year) and Mexico (+33.3% per year).

In value terms, the United States ($X) constituted the largest supplier of polyvinyl chloride to the Dominican Republic, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+134.7% per year) and Mexico (+36.1% per year).

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, falling by -5.6% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +94.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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