Dominican Republic: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in the Dominican Republic

For the fourth consecutive year, the Dominican market for self-adhesive plastic tape in rolls of a width under 20cm recorded growth in sales value, which increased by 21% to $X in 2022. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.0% against 2017 indices. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in the Dominican Republic

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 99% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from the Dominican Republic

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm exported from the Dominican Republic amounted to X tons, growing by 4.9% compared with the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 212% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm dropped to $X in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 227% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Haiti (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from the Dominican Republic, with a 58% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Colombia (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.5% per year) and Colombia (+117.3% per year).

In value terms, Haiti ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from the Dominican Republic, comprising 73% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Guyana, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.4% per year) and Guyana (+181.3% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, reducing by -13.8% against the previous year. In general, the export price, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Colombia ($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 Guyana (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into the Dominican Republic

Imports of self-adhesive plastic tape in rolls of a width under 20cm into the Dominican Republic skyrocketed to X tons in 2022, rising by 35% on 2021. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Spain (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to the Dominican Republic, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to the Dominican Republic, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and Spain (+44.9% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 46%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :