Dominican Republic: Other Chemical Products Market 2024

Other Chemical Products Market Size in the Dominican Republic

The Dominican other chemical products market stood at less than $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, posted a significant increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Other Chemical Products Production in the Dominican Republic

In value terms, other chemical products production stood at less than $X in 2022 estimated in export price. In general, production, however, saw a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in shipments abroad of other chemical products, which increased by X% to X tons in 2016. Over the period under review, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports surged to $X in 2016. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2016 and are likely to see gradual growth in years to come.

Exports by Country

Guatemala (X tons), Cuba (X tons) and the United States (X tons) were the main destinations of other chemical products exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of X.4%), while the other leaders experienced more modest paces of growth.

In value terms, Cuba ($X), the United States ($X) and Haiti ($X) were the largest markets for other chemical products exported from the Dominican Republic worldwide, with a combined X% share of total exports. These countries were followed by Guatemala, which accounted for a further X%.

Guatemala, with a CAGR of X.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2016, the average other chemical products export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2016, 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.

Other Chemical Products Imports

Imports into the Dominican Republic

In 2016, after two years of growth, there was significant decline in supplies from abroad of other chemical products, when their volume decreased by X% to X tons. Overall, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, other chemical products imports declined to $X in 2016. In general, total imports indicated a notable expansion from 2012 to 2016: its value increased at an average annual rate of X% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2015, and then contracted in the following year.

Imports by Country

In 2016, the United States (X tons) constituted the largest other chemical products supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, other chemical products imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), tenfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Denmark (X% per year).

In value terms, the United States ($X) constituted the largest supplier of other chemical products to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2016, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Spain (X% per year).

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2016, the average import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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