Price for Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic
- Exports of Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic
Price for Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $0.4 per cubic meter in 2022, waning by -8.4% against the previous year. Over the period under review, the import price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. The import price peaked at $8.5 per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($0.8 per cubic meter), while the price for Trinidad and Tobago ($0.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (-14.5%), while the prices for the other major suppliers experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $1.2 per cubic meter in 2022, growing by 92% against the previous year. Over the period under review, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.1 per cubic meter), while the average price for exports to British Virgin Islands ($0.2 per cubic meter) 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 (+18.4%), while the prices for the other major destinations experienced a decline.
Imports of Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into the Dominican Republic expanded significantly to 21M cubic meters, with an increase of 8.6% against the previous year's figure. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of hydrogen, rare gases and other non-metalses declined modestly to $8.2M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +40.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of $8.2M, leveling off in the following year.
| Import of Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 4.7 | 5.6 | 3.8 | -3.3% |
| Trinidad and Tobago | 1.4 | 1.2 | 1.7 | 2.9 | 27.5% |
| Costa Rica | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Guatemala | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Others | 0.1 | 0.2 | 0.4 | 0.7 | 91.3% |
| Total | 5.8 | 6.2 | 8.2 | 8.2 | 12.2% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to the Dominican Republic in 2022:
- Trinidad and Tobago (12.0M cubic meters)
- United States (8.0M cubic meters)
- Guatemala (0.5M cubic meters)
- Costa Rica (0.5M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic
In 2022, the amount of hydrogen, rare gases and other non-metalses exported from the Dominican Republic declined markedly to 327K cubic meters, dropping by -56.2% on the previous year's figure. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 716%. As a result, the exports reached the peak of 747K cubic meters, and then declined sharply in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses shrank remarkably to $382K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 468% against the previous year. As a result, the exports attained the peak of $454K, and then plummeted in the following year.
| Export of Hydrogen, Rare Gases and Other Non-Metals in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 46.7 | 65.3 | 198 | 229 | 69.9% |
| United States | 11.3 | 4.5 | 9.6 | 126 | 123.4% |
| Netherlands | N/A | N/A | 15.2 | 8.7 | -42.8% |
| Guatemala | N/A | N/A | N/A | 5.4 | 0% |
| British Virgin Islands | 1.7 | N/A | 0.8 | 3.0 | 20.8% |
| Aruba | N/A | N/A | 44.4 | N/A | 0% |
| Cuba | N/A | N/A | 78.7 | N/A | 0% |
| Curacao | N/A | N/A | 29.5 | N/A | 0% |
| Others | 6.8 | 10.2 | 77.7 | 9.5 | 11.8% |
| Total | 66.5 | 80.0 | 454 | 382 | 79.1% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from the Dominican Republic in 2022:
- Haiti (207.0K cubic meters)
- United States (61.0K cubic meters)
- Netherlands (25.5K cubic meters)
- Guatemala (16.6K cubic meters)
- British Virgin Islands (15.4K cubic meters)
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