Dominican Republic: Alcohols Market 2021

Alcohols Market Size in the Dominican Republic

In 2020, the Dominican alcohols market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. In general, the total consumption indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019, and then declined in the following year.

Alcohols Exports

Exports from the Dominican Republic

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tons for the first time since 2012, thus ending a seven-year declining trend. Overall, exports, however, showed a deep setback. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports soared to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt setback. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Haiti (X tons) was the main destination for alcohols exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, alcohols exports to Haiti exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), eightfold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Haiti stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+X% per year) and the U.S. (-X% per year).

In value terms, Haiti ($X) remains the key foreign market for alcohols exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by Aruba ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Haiti amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Aruba ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into the Dominican Republic

In 2020, after three years of growth, there was significant decline in supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. In general, total imports indicated tangible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019, and then shrank in the following year.

In value terms, alcohols imports dropped to $X in 2020. Overall, total imports indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then fell in the following year.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of alcohols to the Dominican Republic, accounting for a X% share of total imports. Moreover, alcohols imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Brazil (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of alcohols to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :