Dominican Republic: Sack And Bag Market 2024

Sack And Bag Market Size in the Dominican Republic

In 2022, after four years of growth, there was significant decline in the Dominican sack and bag market, when its value decreased by X% to $X. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Sack and bag consumption peaked at $X in 2021, and then dropped in the following year.

Sack And Bag Production in the Dominican Republic

In value terms, sack and bag production totaled $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Sack and bag production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Sack And Bag Exports

Exports from the Dominican Republic

In 2022, shipments abroad of sacks and bags increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sack and bag exports reduced to $X in 2022. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for sack and bag exports from the Dominican Republic, with a X% share of total exports. Moreover, sack and bag exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), twofold.

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

In value terms, Haiti ($X), the United States ($X) and Jamaica ($X) constituted the largest markets for sack and bag exported from the Dominican Republic worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sack and bag export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

Sack And Bag Imports

Imports into the Dominican Republic

In 2022, purchases abroad of sacks and bags decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, sack and bag imports fell sharply to $X in 2022. In general, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

China (X tons), Guatemala (X tons) and India (X tons) were the main suppliers of sack and bag imports to the Dominican Republic, with a combined X% share of total imports. Vietnam, Bangladesh, Spain, the United States, Mexico and El Salvador lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sack and bag suppliers to the Dominican Republic were China ($X), Guatemala ($X) and Bangladesh ($X), with a combined X% share of total imports. Vietnam, India, the United States, Spain, Mexico and El Salvador lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of 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 sack and bag import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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