Dominican Republic: Activated Carbon Market 2024

Activated Carbon Market Size in the Dominican Republic

The Dominican activated carbon market skyrocketed to $X in 2022, increasing by 24% 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 recorded a measured expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Activated Carbon Exports

Exports from the Dominican Republic

In 2022, the amount of activated carbon exported from the Dominican Republic dropped dramatically to X kg, falling by -99.9% against the previous year. Over the period under review, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13,148% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, activated carbon exports plummeted to $X in 2022. Overall, exports showed a precipitous setback. The growth pace was the most rapid in 2021 when exports increased by 15,446% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

The United States (X kg) was the main destination for activated carbon exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +33.3%.

In value terms, the United States ($X) also remains the key foreign market for activated carbon exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +56.5%.

Export Prices by Country

In 2022, the average activated carbon export price amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the export price posted a prominent increase. The growth pace was the most rapid in 2017 an increase of 208%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +17.4% per year.

Activated Carbon Imports

Imports into the Dominican Republic

In 2022, the amount of activated carbon imported into the Dominican Republic expanded markedly to X tons, surging by 6.7% compared with 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 136%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, activated carbon imports skyrocketed to $X in 2022. Overall, imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of 83% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest activated carbon supplier to the Dominican Republic, with a 65% share of total imports. Moreover, activated carbon imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and Vietnam (0.0% per year).

In value terms, India ($X) constituted the largest supplier of activated carbon to the Dominican Republic, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Vietnam, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.4% per year) and Vietnam (0.0% per year).

Import Prices by Country

In 2022, the average activated carbon import price amounted to $X per ton, surging by 19% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, activated carbon import price increased by +63.4% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 59%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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