Dominican Republic: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in the Dominican Republic

The Dominican odoriferous substance mixture market declined to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from the Dominican Republic

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports fell to $X in 2022. Over the period under review, total exports indicated a measured expansion 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons), Colombia (X tons) and the United States (X tons) were the main destinations of odoriferous substance mixture exports from the Dominican Republic, with a combined X% share of total exports. Ecuador, Cuba and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports. It was followed by Haiti, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Haiti (X% per year).

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

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

Odoriferous Substance Mixture Imports

Imports into the Dominican Republic

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were imported into the Dominican Republic; waning by X% on 2021. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports declined to $X in 2022. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest odoriferous substance mixture supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, odoriferous substance mixture imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold. Guatemala (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest odoriferous substance mixture suppliers to the Dominican Republic were the United States ($X), Honduras ($X) and Mexico ($X), together accounting for X% of total imports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Honduras ($X per ton), while the price for Guatemala ($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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