
Dominican Republic - Paint, Distemper, Varnish or Similar Brushes, Paint Pads and Rollers - Market Analysis, Forecast, Size, Trends and Insights
Dominican Republic: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022
Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in the Dominican Republic
The Dominican market for paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021, picking up by 101% 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 resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers
Exports from the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers, which decreased by -1.2% to X units in 2021. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports of failed to regain momentum.
In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. Over the period under review, exports recorded a abrupt shrinkage. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.
Exports by Country
Haiti (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from the Dominican Republic, with a 59% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Haiti exceeded the volume sent to the second major destination, Venezuela (X units), threefold. The third position in this ranking was held by Bolivia (X units), with a 10% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti totaled +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+30.2% per year) and Bolivia (-29.4% per year).
In value terms, Haiti ($X) remains the key foreign market for paint, distemper, varnish or similar brush, paint pad and roller exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 15% share of total exports. It was followed by the United States, with a 5.9% share.
From 2012 to 2021, the average annual growth rate of value to Haiti stood at +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+48.6% per year) and the United States (-30.4% per year).
Export Prices by Country
The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, rising by 71% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers
Imports into the Dominican Republic
In 2021, purchases abroad of paint, distemper, varnish or similar brushes, paint pads and rollers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, China (X units) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to the Dominican Republic, accounting for a 59% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 6.6% share.
From 2012 to 2021, the average annual growth rate of volume from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.2% per year) and Hong Kong SAR (0.0% per year).
In value terms, China ($X), Brazil ($X) and Hong Kong SAR ($X) were the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to the Dominican Republic, with a combined 79% share of total imports. These countries were followed by Guatemala and Mexico, which together accounted for a further 7.3%.
Guatemala, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, with an increase of 15% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for paint, distemper, varnish or similar brushes, paint pads and rollers increased by +38.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 65%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for paint, distemper, varnish or similar brush, paint pad and roller in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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