Dominican Republic: Acetone Market 2024

Acetone Market Size in the Dominican Republic

The Dominican acetone market dropped remarkably to $X in 2021, declining by -51.4% 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 faced a deep slump. Acetone consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Acetone Exports

Exports from the Dominican Republic

Acetone exports from the Dominican Republic shrank markedly to X tons in 2021, which is down by -25% against 2020 figures. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 80%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acetone exports fell dramatically to $X in 2021. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 85%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for acetone exports from the Dominican Republic, accounting for a 85% share of total exports. Moreover, acetone exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.7% per year) and France (+99.0% per year).

In value terms, Haiti ($X) emerged as the key foreign market for acetone exports from the Dominican Republic, comprising 56% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Turks and Caicos Islands, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+147.0% per year) and Turks and Caicos Islands (+64.0% per year).

Export Prices by Country

The average acetone export price stood at $X per ton in 2021, surging by 4.7% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The growth pace was the most rapid in 2018 an increase of 10%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($X per ton), while the average price for exports to the United States ($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 France (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into the Dominican Republic

In 2021, the amount of acetone imported into the Dominican Republic fell remarkably to X tons, waning by -60.2% against 2020 figures. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by 85%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, acetone imports fell notably to $X in 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest acetone supplier to the Dominican Republic, accounting for a 31% share of total imports. Moreover, acetone imports from Russia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+66.2% per year) and the Netherlands (+15.3% per year).

In value terms, Russia ($X) constituted the largest supplier of acetone to the Dominican Republic, comprising 35% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+66.7% per year) and the Netherlands (+16.7% per year).

Import Prices by Country

In 2021, the average acetone import price amounted to $X per ton, picking up by 41% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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