Dominican Republic: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in the Dominican Republic

The Dominican anti-freezing preparations market was finally on the rise to reach $X in 2021, after three years of decline. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Anti-Freezing Preparations Exports

Exports from the Dominican Republic

In 2021, after two years of growth, there was significant decline in shipments abroad of anti-freezing preparations and prepared de-icing fluids, when their volume decreased by -87.4% to X tons. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 502% against the previous year. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, anti-freezing preparations exports declined markedly to $X in 2021. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 331%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Haiti (X tons) was the main destination for anti-freezing preparations exports from the Dominican Republic, with a 56% share of total exports. Moreover, anti-freezing preparations exports to Haiti exceeded the volume sent to the second major destination, France (X kg), fourfold. Togo (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+51.7% per year) and Togo (-14.2% per year).

In value terms, the largest markets for anti-freezing preparations exported from the Dominican Republic were Haiti ($X), Togo ($X) and Turks and Caicos Islands ($X), together comprising 70% of total exports.

In terms of the main countries of destination, Togo, with a CAGR of +349.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, with an increase of 38% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Turks and Caicos Islands ($X per ton), while the average price for exports to Haiti ($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 Turks and Caicos Islands (+762.6%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into the Dominican Republic

Anti-freezing preparations imports into the Dominican Republic soared to X tons in 2021, with an increase of 43% on the previous year's figure. In general, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest anti-freezing preparations supplier to the Dominican Republic, with a 56% share of total imports. Moreover, anti-freezing preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fivefold. Mexico (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+56.7% per year) and Mexico (+35.2% per year).

In value terms, the United States ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to the Dominican Republic, comprising 61% of total imports. The second position in the ranking was held by Mexico ($X), with a 14% share of total imports. It was followed by Spain, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+33.3% per year) and Spain (+12.8% per year).

Import Prices by Country

The average anti-freezing preparations import price stood at $X per ton in 2021, declining by -5.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Guatemala ($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 (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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