Dominican Republic - Packaging Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPackaging Materials Price in the Dominican Republic - 2023
Contents:
- Packaging Materials Price in the Dominican Republic (CIF) - 2022
- Packaging Materials Price in the Dominican Republic (FOB) - 2022
- Packaging Materials Imports in the Dominican Republic
- Packaging Materials Exports in the Dominican Republic
Packaging Materials Price in the Dominican Republic (CIF) - 2022
In 2022, the average packaging materials import price amounted to $1,398 per ton, growing by 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($4,430 per ton), while the price for Colombia ($1,103 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Packaging Materials Price in the Dominican Republic (FOB) - 2022
The average packaging materials export price stood at $805 per ton in 2022, picking up by 30% against the previous year. Overall, the export price, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 93%. Over the period under review, the average export prices attained the peak figure at $1,756 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 ($2,634 per ton), while the average price for exports to Colombia ($186 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 China (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Packaging Materials Imports in the Dominican Republic
In 2022, the amount of packaging materials imported into the Dominican Republic fell slightly to 251K tons, remaining relatively unchanged against the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of 253K tons, leveling off in the following year.
In value terms, packaging materials imports surged to $351M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Packaging Materials in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 135 | 114 | 182 | 219 | 17.5% |
Brazil | 24.9 | 28.3 | 35.2 | 44.4 | 21.3% |
Mexico | 16.2 | 16.7 | 7.6 | 29.0 | 21.4% |
China | 2.6 | 5.1 | 2.8 | 14.6 | 77.7% |
Spain | 5.5 | 4.3 | 7.7 | 11.0 | 26.0% |
Colombia | 4.6 | 6.1 | 3.9 | 8.4 | 22.2% |
Sweden | 1.4 | 1.7 | 3.1 | 6.3 | 65.1% |
Canada | 4.8 | 1.6 | 1.7 | 1.8 | -27.9% |
Others | 20.4 | 16.4 | 24.4 | 16.5 | -6.8% |
Total | 215 | 194 | 268 | 351 | 17.7% |
Top Suppliers of Packaging Materials to the Dominican Republic in 2022:
- United States (187.4K tons)
- Brazil (16.0K tons)
- China (8.8K tons)
- Spain (8.5K tons)
- Colombia (7.6K tons)
- Mexico (6.5K tons)
- Sweden (4.0K tons)
- Canada (1.5K tons)
Packaging Materials Exports in the Dominican Republic
In 2022, approx. 13K tons of packaging materials were exported from the Dominican Republic; picking up by 102% against the previous year's figure. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, packaging materials exports skyrocketed to $10M in 2022. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Packaging Materials in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,285 | 1,848 | 1,001 | 4,200 | 48.4% |
Honduras | 11.2 | 0.4 | 2.9 | 3,911 | 604.2% |
Haiti | 920 | 511 | 824 | 853 | -2.5% |
India | 16.7 | 120 | 411 | 766 | 258.0% |
Costa Rica | 0.5 | N/A | 924 | 320 | 761.8% |
Colombia | 43.2 | 3.4 | 58.2 | 104 | 34.0% |
Thailand | N/A | N/A | 54.5 | 96.9 | 77.8% |
Trinidad and Tobago | 439 | 233 | 22.7 | 36.3 | -56.4% |
Jamaica | 3,437 | 3,633 | 43.5 | 19.6 | -82.1% |
Guyana | 396 | 134 | 18.2 | 6.3 | -74.8% |
Cuba | 628 | 102 | 5.0 | 4.9 | -80.2% |
Ecuador | 89.1 | N/A | 78.8 | N/A | -6.0% |
Brazil | N/A | N/A | 105 | N/A | 0% |
Others | 176 | 174 | 402 | 93.2 | -19.1% |
Total | 7,441 | 6,758 | 3,952 | 10,411 | 11.8% |
Top Export Markets for Packaging Materials from the Dominican Republic in 2022:
- Jamaica (undefinedK tons)
- Cuba (undefinedK tons)
- Guyana (undefinedK tons)
- Trinidad and Tobago (undefinedK tons)
- Honduras (4.9K tons)
- India (4.1K tons)
- United States (1.6K tons)
- Haiti (0.7K tons)
- Colombia (0.6K tons)
- Thailand (0.4K tons)
- Costa Rica (0.3K tons)
This report provides an in-depth analysis of the packaging materials market 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.
Product coverage:
- FCL 1617 - Case materials
- FCL 1618 - Cartonboard
- FCL 1621 - Wrapping papers
- FCL 1622 - Other papers mainly for packaging
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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