Dominican Republic: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in the Dominican Republic

In 2023, the Dominican market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, enjoyed a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in the Dominican Republic

In value terms, alkali and rare earth metals production stood at $X in 2023 estimated in export price. In general, production, however, recorded a mild decrease. The pace of growth was the most pronounced in 2020 with an increase of X,200% against the previous year. Alkali and rare earth metals production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports from the Dominican Republic

In 2023, the amount of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exported from the Dominican Republic declined markedly to X tons, reducing by X% against the previous year's figure. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, alkali and rare earth metals exports contracted remarkably to $X in 2023. Overall, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for alkali and rare earth metals exports from the Dominican Republic, with a X% share of total exports. Moreover, alkali and rare earth metals exports to Guatemala exceeded the volume sent to the second major destination, Haiti (X kg), sixfold. The third position in this ranking was taken by Jamaica (X kg), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Guatemala stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Jamaica (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Jamaica ($X), with a X% share of total exports. It was followed by Haiti, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Guatemala totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Haiti (X% per year).

Export Prices by Country

In 2023, the average export price for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Barbados ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports into the Dominican Republic

In 2023, after two years of growth, there was significant decline in purchases abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when their volume decreased by X% to X tons. In general, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, alkali and rare earth metals imports dropped sharply to $X in 2023. Over the period under review, imports, however, posted a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Guatemala (X tons) were the main suppliers of alkali and rare earth metals imports to the Dominican Republic, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Guatemala ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform