Dominican Republic: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in the Dominican Republic

The Dominican market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped modestly to $X in 2022, remaining constant against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in the Dominican Republic

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022 estimated in export price. In general, production, however, recorded a slight slump. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from the Dominican Republic

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from the Dominican Republic expanded significantly to X tons in 2022, growing by X% on the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from the Dominican Republic, accounting for a X% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Haiti exceeded the volume sent to the second major destination, the United States (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

In value terms, Haiti ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the average price for exports to Guatemala ($X 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 Guatemala (X%), while the prices for the other major destinations experienced a decline.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into the Dominican Republic

In 2022, overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium surged to $X in 2022. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to the Dominican Republic, accounting for a X% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Spain ($X), the United States ($X) and China ($X) appeared to be the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to the Dominican Republic, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, declining by X% against the previous year. In general, the import price saw a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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