Price for Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic (FOB) - 2023
2. Price for Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic (CIF) - 2023
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic

Price for Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic (FOB) - 2023

In March 2023, the average export price for ethylene polymers; waste, parings and scraps amounted to $361 per ton, growing by 3.7% against the previous month. Overall, the export price, however, showed a noticeable slump. The growth pace was the most rapid in September 2022 an increase of 18% month-to-month. As a result, the export price reached the peak level of $832 per ton. From October 2022 to March 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was the United States ($521 per ton), while the average price for exports to Peru ($229 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 Ecuador (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic (CIF) - 2023

The average import price for ethylene polymers; waste, parings and scraps stood at $453 per ton in March 2023, jumping by 42% against the previous month. Over the period under review, import price indicated a tangible increase from March 2022 to March 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, import price for ethylene polymers; waste, parings and scraps decreased by -16.2% against December 2022 indices. The most prominent rate of growth was recorded in April 2022 an increase of 105% m-o-m. As a result, import price reached the peak level of $731 per ton. From May 2022 to March 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +1.4% per month.

Exports of Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic

After three years of growth, overseas shipments of ethylene polymers; waste, parings and scraps decreased by -17.4% to 13K tons in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 156% against the previous year. As a result, the exports attained the peak of 15K tons, and then shrank notably in the following year.

In value terms, exports of ethylene polymers; waste, parings and scraps rose notably to $7.6M in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 178% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from the Dominican Republic in 2022:

1. Honduras (4.8K tons)
2. Germany (1.6K tons)
3. China (1.6K tons)
4. United States (1.2K tons)
5. Ecuador (1.0K tons)
6. Belgium (0.6K tons)
7. Russia (0.6K tons)
8. Mexico (0.4K tons)
9. Peru (0.2K tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in the Dominican Republic

Imports of ethylene polymers; waste, parings and scraps into the Dominican Republic surged to 2.5K tons in 2022, picking up by 76% compared with the previous year's figure. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ethylene polymers; waste, parings and scraps soared to $1.1M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to the Dominican Republic in 2022:

1. United States (2323.8 tons)
2. France (146.2 tons)

Source: IndexBox Market Intelligence Platform