Dominican Republic: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in the Dominican Republic

The Dominican market for rigid tubes, pipes and hoses of polymers of vinyl chloride surged to $X in 2022, increasing by 16% against the previous year. In general, consumption saw mild growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in the Dominican Republic

In value terms, vinyl chloride polymer rigid pipes production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from the Dominican Republic

In 2022, after six years of growth, there was significant decline in shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride, when their volume decreased by -22.1% to X tons. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from the Dominican Republic, with a 49% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), twofold. Jamaica (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+11.5% per year) and Jamaica (+8.4% per year).

In value terms, the United States ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from the Dominican Republic, comprising 54% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 21% share of total exports. It was followed by Costa Rica, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+12.9% per year) and Costa Rica (+6.7% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, increasing by 60% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Barbados ($X per ton), while the average price for exports to Costa Rica ($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 Barbados (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into the Dominican Republic

In 2022, imports of rigid tubes, pipes and hoses of polymers of vinyl chloride into the Dominican Republic reduced dramatically to X tons, declining by -31.8% on 2021 figures. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of 237%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports fell to $X in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 229% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and Costa Rica (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to the Dominican Republic, with a combined 66% share of total imports. China, Spain, Trinidad and Tobago and Colombia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to the Dominican Republic were Mexico ($X), Costa Rica ($X) and the United States ($X), together comprising 77% of total imports.

Costa Rica, with a CAGR of +23.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 38% against the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 127% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 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 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 Chile (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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