Report Update: May 1, 2024

Dominican Republic - Medicaments Containing Vitamins And Provitamins - Market Analysis, Forecast, Size, Trends And Insights

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Medicaments Containing Vitamins Price in the Dominican Republic - 2023

Medicaments Containing Vitamins Price in the Dominican Republic (CIF) - 2022

In 2022, the average medicaments containing vitamins import price amounted to $14,574 per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. Over the period under review, average import prices attained the peak figure at $48,571 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($49,096 per ton), while the price for El Salvador ($8,212 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Medicaments Containing Vitamins Price in the Dominican Republic (FOB) - 2022

In 2022, the average medicaments containing vitamins export price amounted to $27,022 per ton, with an increase of 144% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. Over the period under review, the average export prices hit record highs at $48,553 per ton in 2013; however, from 2014 to 2022, 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 El Salvador ($48,786 per ton), while the average price for exports to Nicaragua amounted to $2,169 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports in the Dominican Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of medicaments containing vitamins and provitamins, when their volume decreased by -22.4% to 840 tons. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 603% against the previous year.

In value terms, medicaments containing vitamins imports declined to $12M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 566% against the previous year.

Import of Medicaments Containing Vitamins in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	206	1,065	1,585	3,063	145.9%
Spain	94.8	613	1,065	2,807	209.4%
El Salvador	124	771	911	2,275	163.7%
United States	367	1,514	943	1,239	50.0%
Guatemala	66.0	585	616	1,119	156.9%
Uruguay	26.3	224	196	701	198.7%
China	109	714	311	N/A	68.9%
India	221	2,089	3,373	N/A	290.7%
Others	413	3,266	4,651	1,043	36.2%
Total	1,629	10,842	13,652	12,247	95.9%

Top Suppliers of Medicaments Containing Vitamins to the Dominican Republic in 2022:

Mexico (304.3 tons)
El Salvador (277.0 tons)
United States (106.4 tons)
Spain (57.2 tons)
Uruguay (34.6 tons)
Guatemala (27.7 tons)

Medicaments Containing Vitamins Exports in the Dominican Republic

In 2022, exports of medicaments containing vitamins and provitamins from the Dominican Republic fell markedly to 2.9 tons, declining by -60.8% on 2021. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 124%.

In value terms, medicaments containing vitamins exports contracted to $79K in 2022. Over the period under review, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.

Export of Medicaments Containing Vitamins in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	31.0	5.5	16.5	76.0	34.8%
Nicaragua	186	6.4	24.1	3.0	-74.7%
Costa Rica	71.1	9.5	14.2	N/A	-55.3%
Panama	N/A	36.3	N/A	N/A	0%
Honduras	173	12.4	18.3	N/A	-67.5%
Jamaica	N/A	5.0	9.6	N/A	92.0%
Others	N/A	0.2	N/A	N/A	0%
Total	461	75.2	82.7	79.0	-44.5%

Top Export Markets for Medicaments Containing Vitamins from the Dominican Republic in 2022:

El Salvador (1557.0 kg)
Nicaragua (1362.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medicaments containing vitamins 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:

Prodcom 21201360 - Medicaments containing vitamins, provitamins, derivatives and intermixtures thereof, for therapeutic or prophylactic uses, put up in measured doses or for retail sale

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023