Dominican Republic: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the Dominican Republic

In 2022, the Dominican medicaments containing vitamins market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. 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. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Medicaments Containing Vitamins Production in the Dominican Republic

In value terms, medicaments containing vitamins production reached $X in 2022 estimated in export price. In general, the total production indicated measured growth 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, production decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Medicaments Containing Vitamins Exports

Exports from the Dominican Republic

In 2022, overseas shipments of medicaments containing vitamins and provitamins increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports skyrocketed to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons), Cuba (X tons) and the United States (X tons) were the main destinations of medicaments containing vitamins exports from the Dominican Republic, with a combined X% share of total exports. Turks and Caicos Islands lagged somewhat behind, comprising a further X%.

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

In value terms, Cuba ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and the United States (X% per year).

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

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

Medicaments Containing Vitamins Imports

Imports into the Dominican Republic

In 2022, after two years of growth, there was significant decline in overseas purchases of medicaments containing vitamins and provitamins, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, medicaments containing vitamins imports contracted rapidly to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest medicaments containing vitamins supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, medicaments containing vitamins imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

In value terms, Spain ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average medicaments containing vitamins import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated a slight expansion 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, medicaments containing vitamins import price increased by X% against 2019 indices. The import price peaked at $X per ton in 2017; however, from 2018 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 Guatemala ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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