Dominican Republic: Nitrogenous Fertilizer Market 2022

Nitrogenous Fertilizer Market Size in the Dominican Republic

The Dominican nitrogenous fertilizer market expanded to $X in 2021, rising by X% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Nitrogenous Fertilizer Production in the Dominican Republic

In value terms, nitrogenous fertilizer production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Nitrogenous Fertilizer Exports

Exports from the Dominican Republic

Nitrogenous fertilizer exports from the Dominican Republic expanded remarkably to X tons in 2021, picking up by X% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports stood at $X in 2021. In general, exports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Suriname (X tons) was the main destination for nitrogenous fertilizer exports from the Dominican Republic, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to Suriname exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Suriname totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Barbados (-X% per year).

In value terms, Suriname ($X) remains the key foreign market for nitrogenous fertilizer exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Suriname totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Barbados (-X% per year).

Export Prices by Country

In 2021, the average nitrogenous fertilizer export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Suriname ($X per ton), while the average price for exports to the United States ($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 Suriname (+X%), while the prices for the other major destinations experienced a decline.

Nitrogenous Fertilizer Imports

Imports into the Dominican Republic

In 2021, overseas purchases of nitrogenous fertilizers (mineral or chemical) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Trinidad and Tobago (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of nitrogenous fertilizer imports to the Dominican Republic.

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

In value terms, Trinidad and Tobago ($X) constituted the largest supplier of nitrogenous fertilizer to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Trinidad and Tobago totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Russia (+X% per year).

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Trinidad and Tobago ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform