Organo-Sulphur Compounds; Methionine Price in the Dominican Republic - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in the Dominican Republic (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in the Dominican Republic (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in the Dominican Republic
- Organo-Sulphur Compounds; Methionine Exports in the Dominican Republic
Organo-Sulphur Compounds; Methionine Price in the Dominican Republic (CIF) - 2023
The average organo-sulphur compounds; methionine import price stood at $2,685 per ton in March 2023, with an increase of 2.6% against the previous month. Over the period under review, the import price, however, saw a slight contraction. The pace of growth appeared the most rapid in April 2022 an increase of 7.4% m-o-m. Over the period under review, average import prices reached the maximum at $3,481 per ton in July 2022; however, from August 2022 to March 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the highest price was recorded for prices from Malaysia ($2,874 per ton) and Spain ($2,794 per ton), while the price for China ($2,048 per ton) and Belgium ($2,786 per ton) were amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in the Dominican Republic (FOB) - 2022
The average organo-sulphur compounds; methionine export price stood at $6,049 per ton in 2022, waning by -23.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 10%. The export price peaked at $7,952 per ton in 2021, and then dropped sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +6.3% per year.
Organo-Sulphur Compounds; Methionine Imports in the Dominican Republic
Organo-sulphur compounds; methionine imports into the Dominican Republic dropped to 3.4K tons in 2022, declining by -8.6% compared with 2021. Over the period under review, imports showed a slight decrease. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of 3.8K tons, and then reduced in the following year.
In value terms, organo-sulphur compounds; methionine imports dropped rapidly to $9M in 2022. Overall, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of $11M, and then contracted significantly in the following year.
| Import of Organo-Sulphur Compounds; Methionine in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 3.8 | 4.8 | 4.4 | 4.1% |
| Spain | 0.9 | 0.7 | 1.2 | 1.1 | 6.9% |
| Malaysia | 0.7 | 0.3 | 0.8 | 0.8 | 4.6% |
| Belgium | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
| France | 1.1 | 0.8 | 0.5 | 0.7 | -14.0% |
| China | 0.2 | 0.2 | 0.6 | 0.6 | 44.2% |
| Japan | 0.1 | N/A | 0.5 | 0.4 | 58.7% |
| Others | 0.3 | 0.2 | 1.7 | 0.2 | -12.6% |
| Total | 7.9 | 6.9 | 11.0 | 9.0 | 4.4% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to the Dominican Republic in 2022:
- United States (1686.3 tons)
- Spain (473.7 tons)
- France (349.3 tons)
- Belgium (306.7 tons)
- Malaysia (264.1 tons)
- China (187.4 tons)
- Japan (102.2 tons)
Organo-Sulphur Compounds; Methionine Exports in the Dominican Republic
In 2022, shipments abroad of organo-sulphur compounds; methionines increased by 43% to 22 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a mild slump.
In value terms, organo-sulphur compounds; methionine exports rose remarkably to $132K in 2022. Over the period under review, exports, however, saw a drastic downturn.
| Export of Organo-Sulphur Compounds; Methionine in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 168 | 143 | 30.5 | 132 | -7.7% |
| Honduras | N/A | N/A | 91.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 168 | 143 | 122 | 132 | -7.7% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from the Dominican Republic in 2022:
- United States (21.9 tons)
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