Dominican Republic: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in the Dominican Republic

The Dominican aromatic polyamines market contracted to $X in 2021, waning by -5.6% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Aromatic Polyamines Production in the Dominican Republic

In value terms, aromatic polyamines production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 28%. Aromatic polyamines production peaked at $X in 2020, and then shrank in the following year.

Aromatic Polyamines Exports

Exports from the Dominican Republic

In 2021, exports of aromatic polyamines and their derivatives, salts thereof from the Dominican Republic reduced to X tons, shrinking by -5.5% on the previous year's figure. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 211%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic polyamines exports shrank to $X in 2021. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 174% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for aromatic polyamines exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -5.5%.

In value terms, China ($X) also remains the key foreign market for aromatic polyamines and their derivatives, salts thereof exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to China totaled -8.0%.

Export Prices by Country

In 2021, the average aromatic polyamines export price amounted to $X per ton, dropping by -2.6% against the previous year. In general, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of 8.8%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.6% per year.

Aromatic Polyamines Imports

Imports into the Dominican Republic

In 2021, overseas purchases of aromatic polyamines and their derivatives, salts thereof increased by 83% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 93% 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, aromatic polyamines imports surged to $X in 2021. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 113%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest aromatic polyamines supplier to the Dominican Republic, accounting for a 63% share of total imports. Moreover, aromatic polyamines imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold. India (X kg) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-36.0% per year) and India (-30.5% per year).

In value terms, China ($X), India ($X) and the United States ($X) appeared to be the largest aromatic polyamines suppliers to the Dominican Republic, with a combined 55% share of total imports. These countries were followed by Mexico, Spain, Belgium and Germany, which together accounted for a further 21%.

Mexico, with a CAGR of +177.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average aromatic polyamines import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price enjoyed strong growth. The pace of growth appeared the most rapid in 2020 an increase of 82% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for the United States ($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 (+59.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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