Dominican Republic: Plastic Bottle Market 2024

Plastic Bottle Market Size in the Dominican Republic

The Dominican plastic bottle market rose notably to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated notable 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Plastic bottle consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Bottle Production in the Dominican Republic

In value terms, plastic bottle production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated pronounced 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Bottle Exports

Exports from the Dominican Republic

In 2022, approx. X tons of carboys, bottles and similar articles of plastics were exported from the Dominican Republic; growing by X% compared with the previous year's figure. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plastic bottle exports soared to $X in 2022. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Haiti (X tons), the United States (X tons) and Panama (X tons) were the main destinations of plastic bottle exports from the Dominican Republic, together accounting for X% of total exports. Jamaica, Honduras and Guyana lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic bottle exported from the Dominican Republic were the United States ($X), Haiti ($X) and Panama ($X), together accounting for X% of total exports.

Panama, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic bottle export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Jamaica ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bottle Imports

Imports into the Dominican Republic

In 2022, the amount of carboys, bottles and similar articles of plastics imported into the Dominican Republic surged to X tons, with an increase of X% on the previous year. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic bottle imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, El Salvador (X tons) constituted the largest supplier of plastic bottle to the Dominican Republic, accounting for a X% share of total imports. Moreover, plastic bottle imports from El Salvador exceeded the figures recorded by the second-largest supplier, Trinidad and Tobago (X tons), twofold. Spain (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from El Salvador amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Trinidad and Tobago (X% per year) and Spain (X% per year).

In value terms, the largest plastic bottle suppliers to the Dominican Republic were El Salvador ($X), Colombia ($X) and Trinidad and Tobago ($X), with a combined X% share of total imports.

Trinidad and Tobago, with a CAGR of X%, saw the highest rates of growth with regard to 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 plastic bottle import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Costa Rica ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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