Dominican Republic: Worked Wax Articles Market 2025

Worked Wax Articles Market Size in the Dominican Republic

The Dominican worked wax articles market soared to $X in 2022, growing by 33% 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). Overall, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Worked Wax Articles Exports

Exports from the Dominican Republic

In 2022, overseas shipments of worked articles of wax increased by 76% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a precipitous descent. The pace of growth appeared the most rapid in 2013 when exports increased by 276% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, worked wax articles exports contracted sharply to $X in 2022. Over the period under review, exports, however, faced a dramatic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 215% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for worked wax articles exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -1.4%.

In value terms, the United States ($X) emerged as the key foreign market for worked articles of wax exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average worked wax articles export price amounted to $X per thousand units, declining by -55.4% against the previous year. Overall, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 174%. Over the period under review, the average export prices hit record highs at $X per thousand units in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +12.2% per year.

Worked Wax Articles Imports

Imports into the Dominican Republic

In 2022, imports of worked articles of wax into the Dominican Republic surged to X units, with an increase of 25% compared with 2021 figures. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 2,892%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, worked wax articles imports surged to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 3,219% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), Colombia (X units) and Mexico (X units) were the main suppliers of worked wax articles imports to the Dominican Republic, with a combined 74% share of total imports. Guatemala, China and India lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +52.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), the United States ($X) and Mexico ($X) constituted the largest worked wax articles suppliers to the Dominican Republic, with a combined 81% share of total imports. Guatemala, China and India lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Guatemala, with a CAGR of +51.2%, recorded the highest rates of growth with regard to 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 worked wax articles import price amounted to $X per thousand units, growing by 7.8% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. The import price peaked at $X per thousand units in 2016; however, from 2017 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 India ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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