Dominican Republic: Packaging Materials Market 2024

Packaging Materials Market Size in the Dominican Republic

The Dominican packaging materials market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Packaging Materials Production in the Dominican Republic

In value terms, packaging materials production dropped to $X in 2022 estimated in export price. Overall, production saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Packaging Materials Exports

Exports from the Dominican Republic

In 2022, overseas shipments of packaging materials increased by X% to X tons, rising for the second year in a row after five years of decline. In general, exports showed a strong expansion. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, packaging materials exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient increase. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons), India (X tons) and the United States (X tons) were the main destinations of packaging materials exports from the Dominican Republic, with a combined X% share of total exports.

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

In value terms, the United States ($X), Honduras ($X) and Haiti ($X) appeared to be the largest markets for packaging materials exported from the Dominican Republic worldwide, together comprising X% of total exports. India, Costa Rica, Colombia, Thailand, Jamaica and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, India, with a CAGR of X%, saw 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 2022, the average packaging materials export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the average price for exports to Colombia ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into the Dominican Republic

In 2022, the amount of packaging materials imported into the Dominican Republic fell modestly to X tons, waning by X% against the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined slightly in the following year.

In value terms, packaging materials imports skyrocketed to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest packaging materials supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, packaging materials imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Mexico (X% per year).

Import Prices by Country

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

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 Mexico ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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