Dominican Republic: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in the Dominican Republic

The Dominican market for hormones, prostaglandins, thromboxanes and leukotrienes expanded modestly to $X in 2021, surging by 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a sharp slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from the Dominican Republic

In 2021, overseas shipments of hormones, prostaglandins, thromboxanes and leukotrienes decreased by 0% to X kg, falling for the second consecutive year after six years of decline. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 161%. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports skyrocketed to $X in 2021. In general, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 69%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Guatemala (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Guatemala amounted to -26.5%.

In value terms, Guatemala ($X) also remains the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to Guatemala amounted to -3.1%.

Export Prices by Country

The average export price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, rising by 21% against the previous year. Overall, the export price posted a significant expansion. The pace of growth was the most pronounced in 2018 an increase of 90% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2021, the rate of growth in terms of prices for Guatemala amounted to +31.8% per year.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into the Dominican Republic

In 2021, overseas purchases of hormones, prostaglandins, thromboxanes and leukotrienes were finally on the rise to reach X kg for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 113% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports declined slightly to $X in 2021. Overall, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X kg), Guatemala (X kg) and the UK (X kg) were the main suppliers of hormones, prostaglandins, thromboxanes and leukotrienes imports to the Dominican Republic, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +8.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to the Dominican Republic were China ($X), the UK ($X) and Guatemala ($X), with a combined 42% share of total imports.

In terms of the main suppliers, Guatemala, with a CAGR of +20.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, falling by -9.5% against the previous year. Overall, the import price, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 an increase of 155%. The import price peaked at $X per kg in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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