Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic - 2023

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic (FOB) - 2023
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic (CIF) - 2022
3. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic
4. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic (FOB) - 2023

In March 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $4,076 per ton, increasing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.9%. The growth pace was the most rapid in July 2022 when the average export price increased by 29% m-o-m. Over the period under review, the average export prices reached the maximum in March 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Haiti ($4,001 per ton), while the average price for exports to Cuba totaled $2,491 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+3.9%).

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic (CIF) - 2022

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $4,315 per ton, shrinking by -32.8% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 93% against the previous year. Over the period under review, average import prices attained the maximum at $15,513 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Mexico ($9,017 per ton), while the price for Guatemala ($2,904 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+67.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic

In 2022, after three years of growth, there was significant decline in shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, when their volume decreased by -10.2% to 2.1K tons. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium shrank to $6.1M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $6.9M, and then reduced in the following year.

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from the Dominican Republic in 2022:

1. Haiti (1847.1 tons)
2. Guatemala (141.7 tons)
3. United States (94.7 tons)

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in the Dominican Republic

In 2022, approx. 1.4K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into the Dominican Republic; growing by 81% against the year before. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $6M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to the Dominican Republic in 2022:

1. Guatemala (733.6 tons)
2. United States (476.0 tons)
3. China (67.6 tons)
4. Spain (63.0 tons)
5. Panama (24.0 tons)

Source: IndexBox Market Intelligence Platform