Dominican Republic: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in the Dominican Republic

In 2022, the Dominican cyclic hydrocarbons market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Cyclic hydrocarbons consumption peaked in 2022 and is expected to retain growth in the near future.

Cyclic Hydrocarbons Exports

Exports from the Dominican Republic

In 2022, approx. X tons of cyclic hydrocarbons were exported from the Dominican Republic; with an increase of X% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2022. Overall, exports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Jamaica (X tons) and Trinidad and Tobago (X tons) were the main destinations of cyclic hydrocarbons exports from the Dominican Republic, with a combined X% share of total exports. Guyana lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Jamaica ($X) and Trinidad and Tobago ($X) constituted the largest markets for cyclic hydrocarbons exported from the Dominican Republic worldwide, together comprising X% of total exports. These countries were followed by Guyana, which accounted for a further X%.

In terms of the main countries of destination, Guyana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, jumping by X% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclic hydrocarbons export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Jamaica ($X per ton), while the average price for exports to Guyana ($X per ton) and Trinidad and Tobago ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into the Dominican Republic

In 2022, cyclic hydrocarbons imports into the Dominican Republic fell to X tons, remaining constant against 2021. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, cyclic hydrocarbons imports soared to $X in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States (X tons), Spain (X tons) and Colombia (X tons) were the main suppliers of cyclic hydrocarbons imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclic hydrocarbons suppliers to the Dominican Republic were the United States ($X), Spain ($X) and Colombia ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a pronounced downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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