Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic - 2023

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic (CIF) - 2023
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic (FOB) - 2022
3. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic
4. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic (CIF) - 2023

The average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $2,478 per ton in March 2023, reducing by -2.3% against the previous month. Overall, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in February 2023 when the average import price increased by 34% month-to-month. Over the period under review, average import prices hit record highs at $3,563 per ton in November 2022; however, from December 2022 to March 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($8,960 per ton), while the price for China ($1,600 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 the United States (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic (FOB) - 2022

In 2022, the average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $2,148 per ton, surging by 33% against the previous year. Overall, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 405%. As a result, the export price reached the peak level of $8,276 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,910 per ton), while the average price for exports to Trinidad and Tobago ($1,568 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 the United States (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic

In 2022, the amount of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses imported into the Dominican Republic skyrocketed to 2.2K tons, with an increase of 62% against 2021. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses surged to $5M in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to the Dominican Republic in 2022:

1. China (1220.8 tons)
2. Mexico (857.6 tons)
3. United States (92.9 tons)
4. Brazil (25.8 tons)

Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in the Dominican Republic

In 2022, overseas shipments of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses decreased by -53.4% to 30 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 336%.

In value terms, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses fell rapidly to $65K in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 215% against the previous year. As a result, the exports attained the peak of $106K, and then dropped notably in the following year.

Top Export Markets for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids from the Dominican Republic in 2022:

1. United States (11.8 tons)
2. Trinidad and Tobago (10.9 tons)
3. Haiti (7.8 tons)

Source: IndexBox Market Intelligence Platform