Price for Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic
Price for Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $324 per ton in 2022, with a decrease of -15.4% against the previous year. Overall, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $433 per ton in 2012; however, from 2013 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 Trinidad and Tobago ($406 per ton), while the price for China ($197 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (-2.8%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $409 per ton in 2022, waning by -10.6% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $653 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($485 per ton), while the average price for exports to Haiti ($397 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 Suriname (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic
After three years of growth, overseas purchases of fertilizers; mineral or chemical, nitrogenoi decreased by -3.3% to 195K tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 7.5% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports contracted significantly to $63M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of $77M, and then shrank remarkably in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 20.4 | 25.9 | 42.2 | 34.6 | 19.3% |
| United States | 14.9 | 11.8 | 16.9 | 13.9 | -2.3% |
| Russia | 10.1 | 6.7 | 12.8 | 10.5 | 1.3% |
| China | 1.0 | 1.3 | 2.5 | 2.1 | 28.1% |
| Others | 4.0 | 3.4 | 2.6 | 2.0 | -20.6% |
| Total | 50.4 | 49.1 | 77.0 | 63.1 | 7.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to the Dominican Republic in 2022:
- Trinidad and Tobago (85.1K tons)
- United States (63.0K tons)
- Russia (30.2K tons)
- China (10.5K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic
In 2022, overseas shipments of fertilizers; mineral or chemical, nitrogenoi increased by 7.8% to 2.9K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a significant decline.
In value terms, fertilizers; mineral or chemical, nitrogenous exports reduced slightly to $1.2M in 2022. Over the period under review, exports, however, saw a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 7.8% against the previous year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 693 | 915 | 27.8 | 973 | 12.0% |
| United States | 83.8 | 117 | 29.7 | 137 | 17.8% |
| Barbados | 49.0 | 4.9 | 21.9 | 45.1 | -2.7% |
| Suriname | 1,061 | N/A | 1,100 | N/A | 1.8% |
| Cuba | 536 | N/A | N/A | N/A | 0% |
| Others | 13.6 | 94.2 | 39.9 | 19.6 | 13.0% |
| Total | 2,437 | 1,131 | 1,219 | 1,175 | -21.6% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from the Dominican Republic in 2022:
- Haiti (2451.0 tons)
- United States (294.4 tons)
- Barbados (93.2 tons)
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