Dominican Republic - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFertilizer Price in the Dominican Republic - 2023
Contents:
- Fertilizer Price in the Dominican Republic (CIF) - 2022
- Fertilizer Price in the Dominican Republic (FOB) - 2022
- Fertilizer Imports in the Dominican Republic
- Fertilizer Exports in the Dominican Republic
Fertilizer Price in the Dominican Republic (CIF) - 2022
The average fertilizer import price stood at $664 per ton in 2022, jumping by 47% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer import price increased by +105.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Trinidad and Tobago ($819 per ton), while the price for Russia ($454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Fertilizer Price in the Dominican Republic (FOB) - 2022
The average fertilizer export price stood at $846 per ton in 2022, jumping by 64% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer export price increased by +117.8% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saint Lucia ($1,151 per ton), while the average price for exports to Cuba ($310 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 Saint Lucia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Fertilizer Imports in the Dominican Republic
Fertilizer imports into the Dominican Republic fell to 244K tons in 2022, which is down by -11.2% against the year before. Over the period under review, imports recorded a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by 4.6%. As a result, imports attained the peak of 274K tons, and then contracted in the following year.
In value terms, fertilizer imports surged to $162M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fertilizer in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.6 | 22.7 | 28.4 | 70.9 | 38.7% |
| Trinidad and Tobago | 20.4 | 25.9 | 38.3 | 49.1 | 34.0% |
| Russia | 13.4 | 11.1 | 15.1 | 7.2 | -18.7% |
| China | 2.7 | 2.3 | 2.4 | 6.8 | 36.1% |
| Canada | 6.1 | 2.9 | 11.8 | 5.7 | -2.2% |
| Colombia | 2.9 | 2.3 | 3.6 | 4.3 | 14.0% |
| Belgium | 1.2 | 1.4 | 1.6 | 3.1 | 37.2% |
| Panama | 2.6 | 2.4 | 3.2 | 0.1 | -66.2% |
| Belarus | 2.1 | 1.5 | 4.7 | N/A | 49.6% |
| Others | 14.3 | 12.2 | 14.4 | 14.5 | 0.5% |
| Total | 92.3 | 84.6 | 124 | 162 | 20.6% |
Top Suppliers of Fertilizer to the Dominican Republic in 2022:
- United States (119.3K tons)
- Trinidad and Tobago (60.0K tons)
- Russia (15.8K tons)
- China (13.2K tons)
- Canada (7.3K tons)
- Colombia (6.9K tons)
- Belgium (6.2K tons)
- Panama (0.1K tons)
Fertilizer Exports in the Dominican Republic
Fertilizer exports from the Dominican Republic shrank rapidly to 42K tons in 2022, falling by -16.7% on 2021 figures. In general, exports saw a sharp slump. The smallest decline of -11.4% was in 2021.
In value terms, fertilizer exports skyrocketed to $36M in 2022. Overall, exports continue to indicate a precipitous setback.
| Export of Fertilizer in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 6.2 | 6.4 | 6.6 | 13.6 | 29.9% |
| Haiti | 80.7 | 9.1 | 8.4 | 10.1 | -50.0% |
| United States | 3.9 | 2.9 | 4.1 | 5.7 | 13.5% |
| Saint Vincent and the Grenadines | 0.8 | 0.7 | 0.8 | 1.5 | 23.3% |
| Jamaica | 0.6 | 0.7 | 0.8 | 1.3 | 29.4% |
| Saint Lucia | 0.7 | 0.7 | 1.0 | 0.9 | 8.7% |
| Barbados | 0.9 | 0.3 | 0.2 | 0.7 | -8.0% |
| Suriname | 1.1 | 0.1 | 1.3 | 0.2 | -43.3% |
| Others | 2.7 | 1.4 | 2.9 | 2.0 | -9.5% |
| Total | 97.6 | 22.4 | 26.3 | 36.0 | -28.3% |
Top Export Markets for Fertilizer from the Dominican Republic in 2022:
- Guyana (15.9K tons)
- Haiti (13.7K tons)
- United States (6.8K tons)
- Saint Vincent and the Grenadines (1.4K tons)
- Jamaica (1.1K tons)
- Saint Lucia (0.8K tons)
- Barbados (0.7K tons)
- Suriname (0.3K tons)
This report provides an in-depth analysis of the fertilizer 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:
- FCL 4025 - Potassium nitrate
- FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
- FCL 4005 - Sodium nitrate
- FCL 4023 - Monoammonium phosphate (MAP)
- FCL 4001 - Urea
- FCL 4002 - Ammonium sulphate
- FCL 4003 - Ammonium nitrate (AN)
- FCL 4006 - Urea and ammonium nitrate solutions (UAN)
- FCL 4016 - Potassium chloride (muriate of potash) (MOP)
- FCL 4021 - NPK fertilizers
- FCL 4014 - Other phosphatic fertilizers, n.e.c.
- FCL 4022 - Diammonium phosphate (DAP)
- FCL 4027 - PK compounds
- FCL 4024 - Other NP compounds
- FCL 4008 - Other nitrogenous fertilizers, n.e.c.
- FCL 4012 - Superphosphates above 35%
- FCL 4013 - Superphosphates, other
- FCL 4018 - Other potassic fertilizers, n.e.c.
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
631
This report provides an in-depth analysis of the fertilizer market in the Dominican Republic.
277
This report provides an in-depth analysis of the ammonium nitrate market in the Dominican Republic.
358
This report provides an in-depth analysis of the urea market in the Dominican Republic.
343
This report provides an in-depth analysis of the nitrogenous fertilizer market in the Dominican Republic.
265
This report provides an in-depth analysis of the sodium nitrate market in the Dominican Republic.
267
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in the Dominican Republic.
256
This report provides an in-depth analysis of the ammonium sulphate market in the Dominican Republic.
248
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the Dominican Republic.
252
This report provides an in-depth analysis of the market for iron or steel can in the Dominican Republic.
3123
This report provides an in-depth analysis of the global fertilizer market.
342
Explore the top import markets for fertilizer worldwide, including Brazil, India, the United States, China, and more. Discover key statistics and import values provided by the IndexBox market intelligence platform.
453
Discover the top import markets for fertilizers, including Brazil, India, the United States, China, and France. Explore their import values and the factors driving the demand for fertilizers in these countries.
1226
Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
364
Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
3014
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
823
Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
109
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
772
In value terms, chemical elements doped for use in electronics imports stood at $X in 2016. Overall, chemical elements doped for use in electronics imports continue to indicate a moderate deduction. ...
1333
In value terms, mineral and chemical, potassic fertilizers imports amounted to $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total imports value increased at an average annu...
782
In value terms, mineral and chemical, phosphatic fertilizers imports totaled $X in 2016. In general, mineral and chemical, phosphatic fertilizers imports continue to indicate a relatively flat tren...
