Dominican Republic - NPK 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 PricingNPK Fertilizer Price in the Dominican Republic - 2023
Contents:
- NPK Fertilizer Price in the Dominican Republic (CIF) - 2023
- NPK Fertilizer Price in the Dominican Republic (FOB) - 2023
- NPK Fertilizer Imports in the Dominican Republic
- NPK Fertilizer Exports in the Dominican Republic
NPK Fertilizer Price in the Dominican Republic (CIF) - 2023
The average NPK fertilizer import price stood at $1,596 per ton in March 2023, surging by 10% against the previous month. Overall, the import price recorded a temperate expansion. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 161% m-o-m. As a result, import price attained the peak level of $3,064 per ton. From September 2022 to March 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($5,741 per ton), while the price for Colombia ($791 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 Ecuador (+57.7%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in the Dominican Republic (FOB) - 2023
In March 2023, the average NPK fertilizer export price amounted to $942 per ton, increasing by 32% against the previous month. Over the period under review, the export price, however, saw a perceptible contraction. The export price peaked at $1,362 per ton in April 2022; however, from May 2022 to March 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In March 2023, the country with the highest price was Jamaica ($5,656 per ton), while the average price for exports to Trinidad and Tobago ($748 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in the Dominican Republic
In 2022, purchases abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -42% to 9K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of 16K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, NPK fertilizer imports fell to $10M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, imports attained the peak of $10M, and then declined in the following year.
| Import of NPK Fertilizer in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 856 | 1,210 | 1,100 | 1,886 | 30.1% |
| Colombia | 2,467 | 2,025 | 2,261 | 1,624 | -13.0% |
| Russia | 555 | 1,173 | 2,135 | 1,495 | 39.1% |
| Spain | 1,003 | 911 | 2,018 | 1,278 | 8.4% |
| Mexico | 40.1 | 110 | 308 | 695 | 158.8% |
| United States | 979 | 489 | 459 | 624 | -13.9% |
| Germany | 475 | 1,166 | 725 | 499 | 1.7% |
| Turkey | N/A | N/A | N/A | 424 | 0% |
| Ecuador | 182 | 32.5 | N/A | 242 | 10.0% |
| Others | 1,782 | 2,096 | 1,410 | 1,247 | -11.2% |
| Total | 8,337 | 9,213 | 10,416 | 10,016 | 6.3% |
Top Suppliers of NPK Fertilizer to the Dominican Republic in 2022:
- Belgium (1869.8 tons)
- Russia (1835.1 tons)
- Colombia (1750.0 tons)
- Spain (1259.4 tons)
- Turkey (476.2 tons)
- Mexico (434.6 tons)
- Germany (336.8 tons)
- Ecuador (218.9 tons)
- United States (189.4 tons)
NPK Fertilizer Exports in the Dominican Republic
In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers increased by 120% to 6.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a dramatic contraction.
In value terms, NPK fertilizer exports surged to $5.6M in 2022. Overall, exports, however, faced a sharp decline.
| Export of NPK Fertilizer in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 0.8 | 0.6 | N/A | 2.5 | 46.2% |
| Haiti | 74.0 | 0.9 | 1.0 | 2.0 | -70.0% |
| Jamaica | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Suriname | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Total | 75.1 | 1.8 | 1.3 | 5.6 | -57.9% |
Top Export Markets for NPK Fertilizer from the Dominican Republic in 2022:
- Haiti (2.8K tons)
- Guyana (2.5K tons)
- Jamaica (0.6K tons)
- Suriname (0.3K tons)
This report provides an in-depth analysis of the npk 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 4021 - NPK fertilizers
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
278
This report provides an in-depth analysis of the npk fertilizer market in the Dominican Republic.
259
This report provides an in-depth analysis of the mixed fertilizer market in the Dominican Republic.
334
This report provides an in-depth analysis of the monoammonium phosphate market in the Dominican Republic.
310
This report provides an in-depth analysis of the diammonium phosphate market in the Dominican Republic.
630
This report provides an in-depth analysis of the fertilizer market in the Dominican Republic.
3363
This report provides an in-depth analysis of the global npk fertilizer market.
352
This report provides an in-depth analysis of the global mixed fertilizer market.
1966
This report provides an in-depth analysis of the global monoammonium phosphate market.
869
This report provides an in-depth analysis of the global diammonium phosphate market.
3121
This report provides an in-depth analysis of the global fertilizer market.
414
Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
677
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
172
Discover the world's best import markets for mixed fertilizer and their key statistics. Gain insights into the demand and importance of fertilizers in global agriculture.
219
Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.
296
Explore the top import markets for diammonium phosphate based on data from the IndexBox market intelligence platform. Discover the key statistics and numbers for countries like India, Bangladesh, Pakistan, Japan, and more.
341
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.
414
Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
677
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
