Dominican Republic: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in the Dominican Republic

The Dominican paperboard case material market rose remarkably to $X in 2022, growing by 8.8% against the previous year. Overall, consumption, however, recorded a strong increase. Paperboard case material consumption peaked in 2022 and is expected to retain growth in the immediate term.

Paperboard Case Material Production in the Dominican Republic

In value terms, paperboard case material production declined modestly to $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 47% against the previous year. Paperboard case material production peaked at $X in 2019; afterwards, it flattened through to 2022.

Paperboard Case Material Exports

Exports from the Dominican Republic

In 2022, shipments abroad of paperboard case materials increased by 767% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paperboard case material exports surged to $X in 2022. Overall, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X tons) was the main destination for paperboard case material exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by the United States (X tons), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras amounted to +145.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.8% per year) and Jamaica (-33.2% per year).

In value terms, Honduras ($X) emerged as the key foreign market for paperboard case materials exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Honduras amounted to +153.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.4% per year) and Jamaica (-26.1% per year).

Export Prices by Country

The average paperboard case material export price stood at $X per ton in 2022, dropping by -40.1% against the previous year. Over the period under review, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. The export price peaked at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the average price for exports to Honduras ($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 Cuba (+109.5%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into the Dominican Republic

In 2022, imports of paperboard case materials into the Dominican Republic contracted to X tons, dropping by -11.4% on 2021 figures. Over the period under review, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, paperboard case material imports rose significantly to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 65%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main paperboard case material supplier to the Dominican Republic, accounting for a 93% share of total imports. Moreover, paperboard case material imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+31.1% per year) and Canada (-21.1% per year).

In value terms, the United States ($X) constituted the largest supplier of paperboard case materials to the Dominican Republic, comprising 94% of total imports. The second position in the ranking was taken by Brazil ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+34.4% per year) and Canada (-16.7% per year).

Import Prices by Country

In 2022, the average paperboard case material import price amounted to $X per ton, increasing by 23% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material import price increased by +54.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 25% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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