Phenols; Phenol-Alcohols Price in the Dominican Republic - 2023
Contents:
- Phenols; Phenol-Alcohols Price in the Dominican Republic (CIF) - 2022
- Phenols; Phenol-Alcohols Price in the Dominican Republic (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in the Dominican Republic
- Phenols; Phenol-Alcohols Exports in the Dominican Republic
Phenols; Phenol-Alcohols Price in the Dominican Republic (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $4,547 per ton, picking up by 65% against the previous year. Overall, the import price posted prominent growth. As a result, import price attained 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 Mexico ($13,819 per ton), while the price for Latvia ($2,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in the Dominican Republic (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $3,179 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 101% against the previous year. As a result, the export price attained the peak level of $5,509 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -0.3% per year.
Phenols; Phenol-Alcohols Imports in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in overseas purchases of phenols; phenol-alcoholses, which decreased by -1% to 316 tons in 2022. In general, imports recorded a deep contraction.
In value terms, phenols; phenol-alcohols imports skyrocketed to $1.4M in 2022. Over the period under review, imports, however, showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phenols; Phenol-Alcohols in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 442 | 343 | 200 | 673 | 15.0% |
| China | 36.7 | 19.5 | 32.2 | 173 | 67.7% |
| Mexico | 52.3 | 64.0 | 196 | 151 | 42.4% |
| Russia | 123 | 124 | 220 | 122 | -0.3% |
| Brazil | 25.6 | 74.4 | 28.4 | 95.8 | 55.3% |
| South Korea | N/A | N/A | N/A | 50.0 | 0% |
| Latvia | 30.3 | 24.0 | 81.5 | 44.0 | 13.2% |
| Netherlands | 30.8 | N/A | 50.3 | 7.6 | -37.3% |
| Spain | 80.8 | 25.1 | 1.2 | 1.1 | -76.1% |
| Others | 39.5 | 35.7 | 68.9 | 118 | 44.0% |
| Total | 862 | 709 | 879 | 1,435 | 18.5% |
Top Suppliers of Phenols; Phenol-Alcohols to the Dominican Republic in 2022:
- Spain (undefined tons)
- United States (126.1 tons)
- China (56.7 tons)
- Russia (40.0 tons)
- Brazil (34.4 tons)
- Latvia (17.2 tons)
- South Korea (16.0 tons)
- Mexico (10.9 tons)
- Netherlands (5.2 tons)
Phenols; Phenol-Alcohols Exports in the Dominican Republic
After three years of growth, shipments abroad of phenols; phenol-alcoholses decreased by -29.9% to 35 tons in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 194%.
In value terms, phenols; phenol-alcohols exports dropped rapidly to $112K in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 137% against the previous year.
| Export of Phenols; Phenol-Alcohols in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 41.0 | 97.2 | 116 | 112 | 39.8% |
| Costa Rica | N/A | N/A | 28.3 | N/A | 0% |
| Jamaica | N/A | N/A | 9.4 | N/A | 0% |
| Others | N/A | N/A | 6.6 | N/A | 0% |
| Total | 41.0 | 97.2 | 160 | 112 | 39.8% |
Top Export Markets for Phenols; Phenol-Alcohols from the Dominican Republic in 2022:
- Haiti (35.2 tons)
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