Price for Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic
Price for Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $587 per ton, declining by -5.3% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic import price increased by +63.8% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 10%. The import price peaked at $620 per ton in 2021, and then dropped in the following year.
As there is only one major supplying country, 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 the United States amounted to +2.4% per year.
Price for Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic (FOB) - 2022
The average export price for fertilizers; mineral or chemical, phosphatics stood at $488 per ton in 2022, reducing by -21.2% against the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $838 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($676 per ton), while the average price for exports to Guyana stood at $485 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (-2.1%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic
In 2022, supplies from abroad of fertilizers; mineral or chemical, phosphatics increased by 27% to 5.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a deep setback.
In value terms, fertilizers; mineral or chemical, phosphatic imports surged to $3.2M in 2022. Overall, imports, however, showed a deep contraction.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 3.8 | 2.7 | 3.2 | -15.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.3 | 3.8 | 2.7 | 3.2 | -15.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to the Dominican Republic in 2022:
- United States (5.5K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic
After two years of decline, overseas shipments of fertilizers; mineral or chemical, phosphatics increased by 2,281% to 1.1K tons in 2022. Overall, exports, however, showed a precipitous decrease.
In value terms, fertilizers; mineral or chemical, phosphatic exports skyrocketed to $526K in 2022. In general, exports, however, faced a precipitous slump.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 1,973 | 1,011 | 27.3 | 514 | -36.1% |
| Others | 62.4 | 12.0 | 0.7 | 11.3 | -43.4% |
| Total | 2,035 | 1,023 | 28.0 | 526 | -36.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from the Dominican Republic in 2022:
- Guyana (1059.4 tons)
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