Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $3,150 per ton in 2022, declining by -36.1% against the previous year. Overall, the import price showed a perceptible decline. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. As a result, import price reached the peak level of $5,921 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($6,782 per ton), while the price for India ($2,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $6,587 per ton in 2022, waning by -7.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 130% against the previous year. The export price peaked at $8,488 per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 Haiti amounted to +0.0% per year.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic
In 2022, supplies from abroad of lac; natural gums, resins, gum-resins and balsamses was finally on the rise to reach 407 tons after two years of decline. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $1.3M in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.8 | 5.1 | 5.5 | 862 | 575.2% |
| Sudan | 35.4 | 46.7 | 93.3 | 123 | 51.5% |
| China | 124 | 133 | 43.3 | 116 | -2.2% |
| Colombia | 107 | 167 | N/A | 62.6 | -16.4% |
| United States | 171 | 56.1 | 50.9 | 37.0 | -40.0% |
| Others | 53.0 | 80.0 | 52.2 | 81.7 | 15.5% |
| Total | 494 | 487 | 245 | 1,283 | 37.5% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to the Dominican Republic in 2022:
- India (329.4 tons)
- China (30.5 tons)
- Sudan (26.3 tons)
- United States (5.5 tons)
- Colombia (5.0 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic
In 2022, approx. 12 tons of lac; natural gums, resins, gum-resins and balsamses were exported from the Dominican Republic; with an increase of 72% on the previous year's figure. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 231% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $82K in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 435% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 15.5 | 8.4 | 46.2 | 78.3 | 71.6% |
| Cuba | 42.5 | 0.2 | N/A | N/A | -99.5% |
| Jamaica | N/A | N/A | 3.9 | N/A | 0% |
| Others | 2.9 | 0.9 | 1.5 | 3.3 | 4.4% |
| Total | 61.0 | 9.6 | 51.6 | 81.6 | 10.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from the Dominican Republic in 2022:
- Haiti (11.9 tons)
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