Dominican Republic: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in the Dominican Republic

The Dominican market for plastic plates, sheets, film, foil and strip reached $X in 2022, remaining constant against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in the Dominican Republic

In value terms, production of plastic plates, sheets, film, foil and strip contracted to $X in 2022 estimated in export price. In general, production, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from the Dominican Republic

In 2022, shipments abroad of plastic plates, sheets, film, foil and strip decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of plastic plates, sheets, film, foil and strip reduced to $X in 2022. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Haiti (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from the Dominican Republic, with a X% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to Haiti exceeded the volume sent to the second major destination, the United States (X tons), twofold. Trinidad and Tobago (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from the Dominican Republic were Haiti ($X), the United States ($X) and Trinidad and Tobago ($X), with a combined X% share of total exports. Jamaica, Panama and Cuba lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Panama, 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

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Cuba ($X per ton) and Panama ($X per ton), while the average price for exports to Haiti ($X per ton) and Trinidad and Tobago ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in supplies from abroad of plastic plates, sheets, film, foil and strip, which increased by X% to X tons in 2022. Over the period under review, total imports indicated a resilient expansion 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 2016 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2022. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and El Salvador (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to the Dominican Republic, together accounting for X% of total imports. Mexico, India, Brazil, Saudi Arabia, Guatemala, Turkey, Oman, Peru, the United Arab Emirates and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by El Salvador, with a X% share.

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

Import Prices by Country

In 2022, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, rising by X% against the previous year. Over the last decade, 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 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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