Dominican Republic: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in the Dominican Republic

In 2021, the Dominican acid and mordant dye market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a notable expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from the Dominican Republic

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from the Dominican Republic fell markedly to X kg, dropping by -35.4% on the year before. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports contracted rapidly to $X in 2021. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 57% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X kg) was the main destination for acid and mordant dye exports from the Dominican Republic, accounting for a 68% share of total exports. Moreover, acid and mordant dye exports to Costa Rica exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was taken by Guatemala (X kg), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-39.7% per year) and Guatemala (-30.4% per year).

In value terms, the largest markets for acid and mordant dye exported from the Dominican Republic were Costa Rica ($X), Guatemala ($X) and the United States ($X), together accounting for 92% of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, saw significant growth. The growth pace was the most rapid in 2020 when the average export price increased by 110%. As a result, the export price attained the peak level of $X per ton, and then shrank slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, among the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States ($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 Haiti (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into the Dominican Republic

After two years of decline, supplies from abroad of acid and mordant dyes and preparations based thereon increased by 12% to X tons in 2021. Over the period under review, imports posted a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 149% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, acid and mordant dye imports rose sharply to $X in 2021. In general, imports showed a tangible increase. The most prominent rate of growth was recorded in 2018 when imports increased by 192% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of acid and mordant dye imports to the Dominican Republic, with a combined 69% share of total imports. Colombia, India, Spain, Honduras and Mexico lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Colombia ($X) constituted the largest acid and mordant dye suppliers to the Dominican Republic, with a combined 66% share of total imports. Germany, India, Spain, Mexico and Honduras lagged somewhat behind, together comprising a further 16%.

Honduras, with a CAGR of +26.8%, recorded the highest rates of growth with regard to 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

The average acid and mordant dye import price stood at $X per ton in 2021, falling by -3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, among the top importers, the country with the highest price was Mexico ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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