Dominican Republic: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in the Dominican Republic

The Dominican market for plastic hoses and hose fittings soared to $X in 2022, increasing by X% 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 posted buoyant growth. Plastic hose and hose fitting consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from the Dominican Republic

In 2022, overseas shipments of plastic hoses and hose fittings decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports surged to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Haiti (X tons) and Jamaica (X tons) were the main destinations of plastic hose and hose fitting exports from the Dominican Republic, with a combined X% share of total exports. Saint Vincent and the Grenadines, Venezuela and Saint Lucia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Saint Vincent and the Grenadines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for plastic hoses and hose fittings exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Jamaica (X% per year).

Export Prices by Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Venezuela ($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 Saint Lucia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into the Dominican Republic

In 2022, imports of plastic hoses and hose fittings into the Dominican Republic soared to X tons, growing by X% on 2021. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic hose and hose fitting to the Dominican Republic, accounting for a X% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with an X% share.

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

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the largest plastic hose and hose fitting suppliers to the Dominican Republic, with a combined X% share of total imports. Colombia, Germany, Poland, South Korea, Spain, Italy and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 plastic hoses and hose fittings stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, saw a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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