Dominican Republic: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in the Dominican Republic

The Dominican market for PVC floor, wall and ceiling coverings expanded to $X in 2022, picking up by 4.5% 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, however, saw strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from the Dominican Republic

In 2022, shipments abroad of PVC floor, wall and ceiling coverings increased by 1,560% to X square meters, rising for the second year in a row after two years of decline. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings soared to $X in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from the Dominican Republic, with a 72% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to the United States exceeded the volume sent to the second major destination, Jamaica (X square meters), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +66.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+58.5% per year) and Haiti (+15.6% per year).

In value terms, the United States ($X) remains the key foreign market for PVC floor, wall and ceiling coverings exports from the Dominican Republic, comprising 73% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +89.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+56.3% per year) and Haiti (+11.2% per year).

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, rising by 9.8% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 71% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Haiti ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.9%), while the prices for the other major destinations experienced a decline.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into the Dominican Republic

In 2022, the amount of PVC floor, wall and ceiling coverings imported into the Dominican Republic totaled X square meters, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 111%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of PVC floor, wall and ceiling coverings expanded notably to $X in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest PVC floor, wall and ceiling coverings supplier to the Dominican Republic, accounting for a 67% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, British Virgin Islands (X square meters), eightfold. The third position in this ranking was held by the United States (X square meters), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: British Virgin Islands (0.0% per year) and the United States (-2.6% per year).

In value terms, China ($X) constituted the largest supplier of PVC floor, wall and ceiling coverings to the Dominican Republic, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Spain, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.5% per year) and Spain (+19.9% per year).

Import Prices by Country

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, picking up by 9.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, 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 Spain ($X per square meter), while the price for British Virgin Islands ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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