Dominican Republic: Carbonate Market 2022

Carbonate Market Size in the Dominican Republic

The Dominican carbonate market fell to $X in 2021, shrinking by -7.1% against the previous year. In general, consumption saw a noticeable reduction. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Carbonate Production in the Dominican Republic

In value terms, carbonate production dropped modestly to $X in 2021 estimated in export price. Overall, production saw a pronounced reduction. The growth pace was the most rapid in 2016 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Carbonate Exports

Exports from the Dominican Republic

In 2021, overseas shipments of carbonates and peroxocarbonates increased by 102% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonate exports soared to $X in 2021. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for carbonate exports from the Dominican Republic, with a 63% share of total exports. Moreover, carbonate exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), sevenfold. Guyana (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+12.7% per year) and Guyana (+84.8% per year).

In value terms, the United States ($X) remains the key foreign market for carbonate exports from the Dominican Republic, comprising 52% of total exports. The second position in the ranking was held by El Salvador ($X), with a 14% share of total exports. It was followed by Guatemala, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+54.6% per year) and Guatemala (+28.5% per year).

Export Prices by Country

In 2021, the average carbonate export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Haiti ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+37.5%), while the prices for the other major destinations experienced a decline.

Carbonate Imports

Imports into the Dominican Republic

Carbonate imports into the Dominican Republic skyrocketed to X tons in 2021, with an increase of 28% compared with the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.3% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 38%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, carbonate imports soared to $X in 2021. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of carbonate to the Dominican Republic, with a 33% share of total imports. Moreover, carbonate imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+19.0% per year) and China (-8.7% per year).

In value terms, Russia ($X) constituted the largest supplier of carbonate to the Dominican Republic, comprising 26% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by Turkey, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.3% per year) and Turkey (+15.8% per year).

Import Prices by Country

In 2021, the average carbonate import price amounted to $X per ton, rising by 5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :