Dominican Republic: Ceramic Household Article Market 2022

Ceramic Household Article Market Size in the Dominican Republic

The Dominican ceramic household article market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Ceramic Household Article Exports

Exports from the Dominican Republic

In 2021, the amount of ceramic household articles and toilet articles exported from the Dominican Republic soared to X tons, rising by X% on the year before. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ceramic household article exports skyrocketed to $X in 2021. In general, exports enjoyed temperate growth. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for ceramic household article exports from the Dominican Republic, with a X% share of total exports. Moreover, ceramic household article exports to Panama exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was held by Haiti (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Haiti (+X% per year).

In value terms, Panama ($X), the United States ($X) and Haiti ($X) constituted the largest markets for ceramic household article exported from the Dominican Republic worldwide, with a combined X% share of total exports. France and South Korea lagged somewhat behind, together accounting for a further X the main countries of destination, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

In 2021, the average ceramic household article export price amounted to $X per ton, dropping by -X% against the previous year. In general, the export price recorded a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Ceramic Household Article Imports

Imports into the Dominican Republic

After two years of decline, overseas purchases of ceramic household articles and toilet articles increased by X% to X tons in 2021. Over the period under review, imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, ceramic household article imports soared to $X in 2021. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ceramic household article to the Dominican Republic, with a X% share of total imports. Moreover, ceramic household article imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Portugal (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Portugal (+X% per year).

In value terms, China ($X) constituted the largest supplier of ceramic household article to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Portugal (+X% per year).

Import Prices by Country

The average ceramic household article import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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