Report Update: May 1, 2024

Dominican Republic - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Odoriferous Substance Mixture Price in the Dominican Republic - 2023

Odoriferous Substance Mixture Price in the Dominican Republic (CIF) - 2022

The average odoriferous substance mixture import price stood at $10,336 per ton in 2022, increasing by 2.2% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 10%. Over the period under review, average import prices attained the maximum at $16,969 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Honduras ($90,649 per ton), while the price for Guatemala ($3,033 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Odoriferous Substance Mixture Price in the Dominican Republic (FOB) - 2022

The average odoriferous substance mixture export price stood at $39,383 per ton in 2022, picking up by 27% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $56,143 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($109,758 per ton), while the average price for exports to the United States ($1,762 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 Cuba (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports in the Dominican Republic

In 2022, the amount of mixtures of odoriferous substances and their preparations imported into the Dominican Republic reduced to 12K tons, waning by -6.9% compared with the year before. Overall, imports recorded a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 13%.

In value terms, odoriferous substance mixture imports contracted to $129M in 2022. In general, imports saw a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year.

Import of Odoriferous Substance Mixture in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	44.1	28.8	36.9	41.1	-2.3%
Honduras	22.9	35.8	42.6	28.2	7.2%
Mexico	47.6	14.6	23.2	24.0	-20.4%
Colombia	11.0	11.3	10.0	13.4	6.8%
Spain	5.6	6.0	5.9	6.1	2.9%
Guatemala	8.2	4.6	4.8	4.0	-21.3%
Peru	1.3	1.0	1.7	1.7	9.4%
Others	6.6	6.8	10.7	10.7	17.5%
Total	147	109	136	129	-4.3%

Top Suppliers of Odoriferous Substance Mixture to the Dominican Republic in 2022:

United States (6.7K tons)
Colombia (1.4K tons)
Guatemala (1.3K tons)
Mexico (1.2K tons)
Spain (0.6K tons)
Honduras (0.3K tons)
Peru (0.3K tons)

Odoriferous Substance Mixture Exports in the Dominican Republic

In 2022, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -25.2% to 654 tons, falling for the second year in a row after two years of growth. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports contracted to $26M in 2022. Over the period under review, exports recorded a drastic downturn. The smallest decline of -0.5% was in 2020.

Export of Odoriferous Substance Mixture in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	18.3	17.1	20.3	17.3	-1.9%
Ecuador	2.8	0.8	2.2	5.4	24.5%
Haiti	0.8	1.1	2.0	2.0	35.7%
Cuba	N/A	N/A	N/A	0.3	0%
United States	0.2	0.2	0.3	0.1	-20.6%
Mexico	17.2	19.7	1.9	N/A	-66.8%
Others	0.4	0.6	0.5	0.6	14.5%
Total	39.8	39.5	27.2	25.8	-13.5%

Top Export Markets for Odoriferous Substance Mixture from the Dominican Republic in 2022:

Haiti (259.6 tons)
Colombia (232.8 tons)
United States (60.8 tons)
Ecuador (49.5 tons)
Cuba (24.7 tons)
Mexico (2.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the odoriferous substance mixture 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 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)

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
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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