Dominican Republic: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in the Dominican Republic

In 2023, the Dominican plastic household ware market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Plastic Household Ware Production in the Dominican Republic

In value terms, plastic household ware production contracted to $X in 2023 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

Plastic Household Ware Exports

Exports from the Dominican Republic

After two years of growth, shipments abroad of plastics household articles and toilet articles decreased by X% to X tons in 2023. Over the period under review, exports, however, showed a resilient increase. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, plastic household ware exports fell slightly to $X in 2023. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for plastic household ware exports from the Dominican Republic, with a X% share of total exports. Moreover, plastic household ware exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), sixfold. The third position in this ranking was taken by Trinidad and Tobago (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Trinidad and Tobago (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastics household articles and toilet articles exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic household ware export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into the Dominican Republic

In 2023, the amount of plastics household articles and toilet articles imported into the Dominican Republic rose markedly to X tons, picking up by X% on 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, plastic household ware imports reduced to $X in 2023. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of plastic household ware to the Dominican Republic, with a X% share of total imports. Moreover, plastic household ware imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, the largest plastic household ware suppliers to the Dominican Republic were the United States ($X), China ($X) and El Salvador ($X), together comprising X% of total imports.

Among the main suppliers, El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic household ware import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was El Salvador ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform