Dominican Republic: Carbonate Market 2024

Carbonate Market Size in the Dominican Republic

The Dominican carbonate market rose rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Carbonate Production in the Dominican Republic

In value terms, carbonate production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Carbonate Exports

Exports from the Dominican Republic

In 2022, after two years of growth, there was significant decline in overseas shipments of carbonates and peroxocarbonates, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, carbonate exports dropped modestly to $X in 2022. Over the period under review, exports, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States (X tons) was the main destination for carbonate exports from the Dominican Republic, with a X% share of total exports. Moreover, carbonate exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. The third position in this ranking was taken by Costa Rica (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X), Guatemala ($X) and Costa Rica ($X) appeared to be the largest markets for carbonate exported from the Dominican Republic worldwide, together comprising X% of total exports. El Salvador, Honduras, Canada, Chile, Trinidad and Tobago, Panama, Suriname and Guyana lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average carbonate export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Suriname ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into the Dominican Republic

In 2022, the amount of carbonates and peroxocarbonates imported into the Dominican Republic skyrocketed to X tons, increasing by X% compared with the previous year's figure. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonate imports skyrocketed to $X in 2022. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest carbonate supplier to the Dominican Republic, with a X% share of total imports. Moreover, carbonate imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of carbonates and peroxocarbonates to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

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

Import Prices by Country

The average carbonate import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a prominent increase 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, carbonate import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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