Dominican Republic - Plastic Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Container Price in the Dominican Republic - 2023
Contents:
- Plastic Container Price in the Dominican Republic (FOB) - 2023
- Plastic Container Price in the Dominican Republic (CIF) - 2023
- Plastic Container Exports in the Dominican Republic
- Plastic Container Imports in the Dominican Republic
Plastic Container Price in the Dominican Republic (FOB) - 2023
In March 2023, the average plastic container export price amounted to $3,605 per ton, which is down by -9.1% against the previous month. Over the period under review, the export price showed a slight descent. The pace of growth appeared the most rapid in February 2023 an increase of 22% m-o-m. Over the period under review, the average export prices reached the maximum at $4,341 per ton in May 2022; however, from June 2022 to March 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Trinidad and Tobago ($4,991 per ton), while the average price for exports to El Salvador ($655 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (-0.7%), while the prices for the other major destinations experienced a decline.
Plastic Container Price in the Dominican Republic (CIF) - 2023
The average plastic container import price stood at $24,454 per ton in March 2023, picking up by 34% against the previous month. Over the period under review, the import price, however, showed a noticeable slump. The growth pace was the most rapid in January 2023 when the average import price increased by 241% month-to-month. As a result, import price attained the peak level of $73,268 per ton. From February 2023 to March 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Italy ($54,977 per ton), while the price for China ($2,283 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Chile (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Container Exports in the Dominican Republic
In 2022, plastic container exports from the Dominican Republic contracted slightly to 8.6K tons, reducing by -4.8% compared with 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, the exports attained the peak of 9K tons, and then fell in the following year.
In value terms, plastic container exports fell to $33M in 2022. The total export value increased at an average annual rate of +2.5% 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 appeared the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $36M, and then dropped in the following year.
Export of Plastic Container in the Dominican Republic (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.2 | 16.7 | 21.3 | 18.5 | 6.8% |
Haiti | 8.6 | 7.5 | 5.7 | 6.2 | -10.3% |
Costa Rica | 1.0 | 0.7 | 2.9 | 2.5 | 35.7% |
Jamaica | 1.0 | 1.3 | 1.8 | 1.5 | 14.5% |
Trinidad and Tobago | 1.8 | 1.3 | 1.6 | 1.4 | -8.0% |
Others | 2.8 | 1.9 | 3.0 | 2.7 | -1.2% |
Total | 30.5 | 29.4 | 36.3 | 32.8 | 2.5% |
Top Export Markets for Plastic Container from the Dominican Republic in 2022:
- United States (4.5K tons)
- Haiti (1.8K tons)
- Costa Rica (0.8K tons)
- Jamaica (0.5K tons)
- Trinidad and Tobago (0.4K tons)
Plastic Container Imports in the Dominican Republic
In 2022, the amount of plastic containers imported into the Dominican Republic declined to 4.4K tons, which is down by -12.4% on the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports reached the peak of 5K tons, and then fell in the following year.
In value terms, plastic container imports fell to $17M in 2022. Over the period under review, imports recorded a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $20M, and then dropped in the following year.
Import of Plastic Container in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.0 | 10.5 | 15.9 | 13.6 | 4.3% |
China | 2.0 | 1.0 | 1.4 | 1.2 | -15.7% |
Uruguay | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
Colombia | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
Mexico | 0.2 | 0.3 | 0.2 | 0.1 | -20.6% |
El Salvador | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Hungary | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Spain | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
Others | 1.4 | 1.1 | 1.0 | 0.9 | -13.7% |
Total | 17.3 | 13.9 | 19.5 | 16.7 | -1.2% |
Top Suppliers of Plastic Container to the Dominican Republic in 2022:
- United States (2684.9 tons)
- China (880.5 tons)
- Uruguay (164.5 tons)
- Colombia (116.1 tons)
- El Salvador (71.5 tons)
- Hungary (69.9 tons)
- Mexico (67.2 tons)
- Spain (44.6 tons)
This report provides an in-depth analysis of the plastic container 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:
- Prodcom 22221950 - Articles for the conveyance or packaging of goods, of plastics (excluding boxes, cases, crates and similar articles, sacks and bags, including cones, carboys, bottles, flasks and similar articles, spools, spindles, bobbins and similar supports, s toppers, lids, caps and other closures)
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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