Dominican Republic - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in the Dominican Republic - 2023
Contents:
- Urea Price in the Dominican Republic (CIF) - 2022
- Urea Price in the Dominican Republic (FOB) - 2022
- Urea Imports in the Dominican Republic
- Urea Exports in the Dominican Republic
Urea Price in the Dominican Republic (CIF) - 2022
In 2022, the average urea import price amounted to $812 per ton, jumping by 69% against the previous year. In general, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Trinidad and Tobago ($819 per ton), while the price for Russia ($397 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 (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Urea Price in the Dominican Republic (FOB) - 2022
In 2022, the average urea export price amounted to $509 per ton, jumping by 15% against the previous year. Over the period under review, the export price, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $663 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1,023 per ton), while the average price for exports to the United States stood at $377 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Imports in the Dominican Republic
In 2022, supplies from abroad of urea decreased by -7.7% to 81K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, imports reached the peak of 115K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, urea imports surged to $66M in 2022. In general, imports, however, continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Urea in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 20.4 | 25.9 | 38.3 | 49.1 | 34.0% |
| United States | 3.9 | N/A | 0.1 | 16.4 | 61.4% |
| Russia | 6.2 | 4.8 | 3.3 | 0.4 | -59.9% |
| Algeria | N/A | 1.5 | N/A | N/A | 0% |
| Others | 1.6 | 0.4 | 0.5 | N/A | -44.1% |
| Total | 32.2 | 32.6 | 42.1 | 65.9 | 27.0% |
Top Suppliers of Urea to the Dominican Republic in 2022:
- Trinidad and Tobago (60.0K tons)
- United States (20.1K tons)
- Russia (1.0K tons)
Urea Exports in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in overseas shipments of urea, which decreased by -78.5% to 572 tons in 2022. Over the period under review, exports showed a precipitous slump. The smallest decline of -7.7% was in 2021.
In value terms, urea exports contracted rapidly to $291K in 2022. Overall, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 with an increase of 12%.
| Export of Urea in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 83.8 | 117 | 29.7 | 172 | 27.1% |
| France | N/A | N/A | 21.9 | 120 | 447.9% |
| Haiti | 693 | 914 | N/A | N/A | 31.9% |
| Suriname | 1,061 | N/A | 1,100 | N/A | 1.8% |
| Others | 30.2 | 18.1 | 28.3 | N/A | -3.2% |
| Total | 1,868 | 1,050 | 1,180 | 291 | -46.2% |
Top Export Markets for Urea from the Dominican Republic in 2022:
- United States (455.5 tons)
- France (116.9 tons)
This report provides an in-depth analysis of the urea market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4001 - Urea
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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