Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the Dominican Republic - 2023

Contents:

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

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,983 per ton, with a decrease of -25.3% against the previous month. Overall, the import price, however, saw mild growth. The most prominent rate of growth was recorded in October 2022 an increase of 181% m-o-m. As a result, import price attained the peak level of $17,664 per ton. From November 2022 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 Mexico ($8,804 per ton), while the price for Spain ($1,857 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 the United States (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the Dominican Republic (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $2,136 per ton, surging by 102% against the previous year. In general, the export price, however, recorded a abrupt decline. The export price peaked at $6,542 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($6,429 per ton), while the average price for exports to Haiti ($1,829 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 Cuba (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the Dominican Republic

In 2022, approx. 2.2K tons of paints and varnishes, based on polyesters, non-aqueous medium were imported into the Dominican Republic; picking up by 39% on the previous year's figure. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 +104.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $9.7M in 2022. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (1282.7 tons)
2. China (369.9 tons)
3. Spain (165.9 tons)
4. Germany (162.8 tons)
5. Mexico (60.8 tons)
6. Brazil (53.2 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in the Dominican Republic

In 2022, overseas shipments of paints and varnishes, based on polyesters, non-aqueous medium decreased by -26.1% to 643 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 177% against the previous year. As a result, the exports reached the peak of 871 tons, and then fell dramatically in the following year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $1.4M in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 105%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Haiti (481.9 tons)
2. Panama (58.7 tons)
3. Trinidad and Tobago (50.0 tons)
4. United States (37.9 tons)
5. Venezuela (9.7 tons)

Source: IndexBox Market Intelligence Platform