Dominican Republic: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in the Dominican Republic

The Dominican industrial monocarboxylic fatty acids market expanded to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Industrial monocarboxylic fatty acids consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in the Dominican Republic

In value terms, industrial monocarboxylic fatty acids production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Industrial monocarboxylic fatty acids production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from the Dominican Republic

In 2022, shipments abroad of industrial monocarboxylic fatty acids decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids exports totaled $X in 2022. In general, exports faced a sharp setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for industrial monocarboxylic fatty acids exports from the Dominican Republic, with a X% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States stood at $X per ton.

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

Imports of Industrial Monocarboxylic Fatty Acids

Imports into the Dominican Republic

In 2022, overseas purchases of industrial monocarboxylic fatty acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports contracted significantly to $X in 2022. Overall, imports faced a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to the Dominican Republic, accounting for a X% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, Germany ($X), Spain ($X) and China ($X) were the largest industrial monocarboxylic fatty acids suppliers to the Dominican Republic.

Among the main suppliers, China, with a CAGR of X%, recorded 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

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a noticeable increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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