Report Update Nov 1, 2024

Dominican Republic - Argon - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Argon Market 2024

Argon Exports

Exports from the Dominican Republic

In 2022, shipments abroad of argon increased by 761% to X cubic meters for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a remarkable increase. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, argon exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Haiti (X cubic meters) was the main destination for argon exports from the Dominican Republic, with a 73% share of total exports. Moreover, argon exports to Haiti exceeded the volume sent to the second major destination, Colombia (X cubic meters), threefold.

From 2013 to 2022, the average annual growth rate of volume to Haiti stood at +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and the United States (-20.2% per year).

In value terms, Haiti ($X) remains the key foreign market for argon exports from the Dominican Republic, comprising 91% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.3% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Haiti amounted to +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.3% per year) and Colombia (0.0% per year).

Export Prices by Country

In 2022, the average argon export price amounted to $X per cubic meter, picking up by 115% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 119%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Colombia ($X per cubic meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+31.9%), while the prices for the other major destinations experienced a decline.

Argon Imports

Imports into the Dominican Republic

In 2022, purchases abroad of argon increased by 17% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 61%. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, argon imports soared to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 102%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X cubic meters), Trinidad and Tobago (X cubic meters) and Guatemala (X cubic meters) were the main suppliers of argon imports to the Dominican Republic, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +238.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of argon to the Dominican Republic, comprising 53% of total imports. The second position in the ranking was held by Trinidad and Tobago ($X), with a 19% share of total imports. It was followed by Guatemala, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Trinidad and Tobago (+7.9% per year) and Guatemala (+340.9% per year).

Import Prices by Country

In 2022, the average argon import price amounted to $X per cubic meter, growing by 26% against the previous year. In general, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 55% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Trinidad and Tobago ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for argon in the world?

The countries with the highest volumes of argon consumption in 2021 were the United States, China and India, together accounting for 55% of global consumption. Brazil, Poland, Japan, Germany, Iran, the UK and Russia lagged somewhat behind, together comprising a further 16%.

What are the largest producers of argon in the world?

The countries with the highest volumes of argon production in 2021 were the United States, China and India, together accounting for 56% of global production. Brazil, Germany, Poland, Japan, Iran, the Netherlands and the UK lagged somewhat behind, together comprising a further 17%.

What are the leading suppliers of argon to the Dominican Republic?

In value terms, the United States, Trinidad and Tobago and Guatemala appeared to be the largest argon suppliers to the Dominican Republic, with a combined 95% share of total imports.

What are the leading importers of argon from the Dominican Republic?

In value terms, Haiti remains the key foreign market for argon exports from the Dominican Republic, comprising 93% of total exports. The second position in the ranking was occupied by the United States, with a 7.3% share of total exports.

What is the average export price for argon in the Dominican Republic?

The average argon export price stood at $2.5 per cubic meter in 2021, growing by 22% against the previous year.

What is the average import price for argon in the Dominican Republic?

The average argon import price stood at $1.3 per cubic meter in 2021, picking up by 29% against the previous year.

This report provides an in-depth analysis of the argon 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 20111120 - Argon

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