Dominican Republic: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in the Dominican Republic

The Dominican market for PVC floor, wall and ceiling coverings reached $X in 2022, picking up 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, 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 years to come.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from the Dominican Republic

In 2022, overseas shipments of PVC floor, wall and ceiling coverings increased by X% to X square meters, rising for the second year in a row after two years of decline. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings surged to $X in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from the Dominican Republic, accounting for a X% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to the United States exceeded the volume sent to the second major destination, Jamaica (X square meters), fivefold.

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

In value terms, the United States ($X) remains the key foreign market for PVC floor, wall and ceiling coverings exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Jamaica ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, rising by X% against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Haiti ($X per square meter) was amongst the lowest.

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

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into the Dominican Republic

Imports of PVC floor, wall and ceiling coverings into the Dominican Republic reached X square meters in 2022, approximately mirroring the year before. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of PVC floor, wall and ceiling coverings expanded markedly to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest PVC floor, wall and ceiling coverings supplier to the Dominican Republic, with a X% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, British Virgin Islands (X square meters), sevenfold. The United States (X square meters) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X) constituted the largest supplier of PVC floor, wall and ceiling coverings to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value 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 Spain (X% per year).

Import Prices by Country

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for British Virgin Islands ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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