Dominican Republic - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Potassium Chloride (Mop) Market 2024
Potassium Chloride (Mop) Market Size in the Dominican Republic
In 2023, the Dominican potassium chloride (MOP) market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a noticeable contraction. Potassium chloride (MOP) consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.
Potassium Chloride (Mop) Exports
Exports from the Dominican Republic
In 2023, approx. X tons of potassium chloride (MOP) were exported from the Dominican Republic; rising by X% against the previous year. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.
In value terms, potassium chloride (MOP) exports soared to $X in 2023. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Guyana (X tons) was the main destination for potassium chloride (MOP) exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, potassium chloride (MOP) exports to Guyana exceeded the volume sent to the second major destination, the United States (X tons), tenfold.
From 2012 to 2023, the average annual growth rate of volume to Guyana amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Barbados (X% per year).
In value terms, Guyana ($X) remains the key foreign market for potassium chloride (MOP) 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 2023, the average annual growth rate of value to Guyana 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
The average potassium chloride (MOP) export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price posted a measured increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Barbados ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.
From 2012 to 2023, 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.
Potassium Chloride (Mop) Imports
Imports into the Dominican Republic
In 2023, supplies from abroad of potassium chloride (MOP) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.
In value terms, potassium chloride (MOP) imports declined to $X in 2023. Over the period under review, imports showed a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.
Imports by Country
Belarus (X tons), the United States (X tons) and Lithuania (X tons) were the main suppliers of potassium chloride (MOP) imports to the Dominican Republic, with a combined X% share of total imports. Russia, Canada and Germany lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Belarus ($X) constituted the largest supplier of potassium chloride (MOP) 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 Lithuania, with an X% share.
From 2012 to 2023, the average annual growth rate of value from Belarus stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Lithuania (X% per year).
Import Prices by Country
The average potassium chloride (MOP) import price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potassium chloride (MOP) import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked in 2023 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the potassium chloride (mop) market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4016 - Potassium chloride (muriate of potash) (MOP)
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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