Report Update Nov 1, 2024

Dominican Republic - Amino Resins - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Amino Resin Market 2024

Amino Resin Market Size in the Dominican Republic

The Dominican amino resin market contracted markedly to $X in 2022, waning by -20.9% 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, however, saw a strong expansion. Amino resin consumption peaked at $X in 2021, and then shrank significantly in the following year.

Amino Resin Exports

Exports from the Dominican Republic

In 2022, exports of amino resins from the Dominican Republic amounted to X kg, stabilizing at 2021. Over the period under review, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2015 with an increase of 6,867%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, amino resin exports stood at $X in 2022. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 9,076% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X kg), the United States (X kg) and Haiti (X kg) were the main destinations of amino resin exports from the Dominican Republic, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turks and Caicos Islands (with a CAGR of +11.6%), while shipments for the other leaders experienced mixed trend patterns.

It was followed by Haiti, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+35.3% per year) and Haiti (-80.5% per year).

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 111% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.6%), while the prices for the other major destinations experienced mixed trend patterns.

Amino Resin Imports

Imports into the Dominican Republic

Amino resin imports into the Dominican Republic shrank remarkably to X tons in 2022, reducing by -44.5% on the previous year. Over the period under review, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 274%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, amino resin imports declined modestly to $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 254% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons) and China (X tons) were the main suppliers of amino resin imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.4%).

In value terms, the United States ($X) constituted the largest supplier of amino resins to the Dominican Republic, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +20.9%.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, increasing by 79% against the previous year. Overall, the import price saw pronounced growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 38% share of global consumption. Indonesia, Brazil, Russia, Belgium, Mexico, Turkey, South Korea, Hungary, Portugal and Germany lagged somewhat behind, together comprising a further 32%.

What are the largest producers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

China constituted the country with the largest volume of amino resins in primary forms production, accounting for 29% of total volume. Moreover, amino resins in primary forms production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Japan, with a 6.1% share.

What are the leading suppliers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) to the Dominican Republic?

In value terms, the United States constituted the largest supplier of amino resins in primary forms to the Dominican Republic, comprising 93% of total imports. The second position in the ranking was occupied by Mexico, with a 2.5% share of total imports.

What are the leading importers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) from the Dominican Republic?

In value terms, Guyana remains the key foreign market for amino resins in primary forms exports from the Dominican Republic.

What is the average export price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the Dominican Republic?

The average export price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) stood at $1,615 per ton in 2021, approximately equating the previous year.

What is the average import price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the Dominican Republic?

The average import price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) stood at $2,524 per ton in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the amino resin market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023