Dominican Republic: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in the Dominican Republic

In 2021, the Dominican amine-function compounds market increased by 4.5% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Amine-Function Compounds Exports

Exports from the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded decline in shipments abroad of amine-function compounds, which decreased by -0.5% to X tons in 2021. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 208%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 140%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for amine-function compounds exports from the Dominican Republic, accounting for a 93% share of total exports. Moreover, amine-function compounds exports to China exceeded the volume sent to the second major destination, Cuba (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+10.2% per year) and Haiti (+48.2% per year).

In value terms, China ($X), Haiti ($X) and Cuba ($X) appeared to be the largest markets for amine-function compounds exported from the Dominican Republic worldwide, with a combined 97% share of total exports.

Haiti, with a CAGR of +15.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, growing by 55% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to China ($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 China (-2.6%), while the prices for the other major destinations experienced a decline.

Amine-Function Compounds Imports

Imports into the Dominican Republic

In 2021, purchases abroad of amine-function compounds was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports amounted to $X in 2021. In general, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 59%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Colombia (X tons) and China (X tons) were the main suppliers of amine-function compounds imports to the Dominican Republic, together accounting for 52% of total imports. These countries were followed by Belgium, the United States, the Netherlands, Costa Rica, Germany, Spain, India and Switzerland, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Colombia ($X) and France ($X) constituted the largest amine-function compounds suppliers to the Dominican Republic, with a combined 50% share of total imports. These countries were followed by the United States, the Netherlands, India, Belgium, Germany, Costa Rica, Spain and Switzerland, which together accounted for a further 36%.

Among the main suppliers, Belgium, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, amine-function compounds import price increased by +18.9% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 50%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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