Dominican Republic: Carbonate Market 2024

Carbonate Market Size in the Dominican Republic

The Dominican carbonate market stood at $X in 2021, increasing by 3.5% 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). In general, consumption saw pronounced growth. Carbonate consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Carbonate Exports

Exports from the Dominican Republic

Carbonate exports from the Dominican Republic surged to X tons in 2021, growing by 36% on 2020 figures. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 59%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, carbonate exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 44% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for carbonate exports from the Dominican Republic, accounting for a 51% share of total exports. Moreover, carbonate exports to the United States exceeded the volume sent to the second major destination, Cuba (X tons), threefold. The third position in this ranking was taken by El Salvador (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+5.5% per year) and El Salvador (+259.7% per year).

In value terms, the United States ($X) remains the key foreign market for carbonates and peroxocarbonates exports from the Dominican Republic, comprising 48% of total exports. The second position in the ranking was held by El Salvador ($X), with a 13% share of total exports. It was followed by Cuba, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+241.0% per year) and Cuba (-4.2% per year).

Export Prices by Country

The average carbonate export price stood at $X per ton in 2021, waning by -2.4% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 16%. The export price peaked 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Cuba ($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 Guyana (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Carbonate Imports

Imports into the Dominican Republic

In 2021, the amount of carbonates and peroxocarbonates imported into the Dominican Republic surged to X tons, jumping by 23% compared with the previous year's figure. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 35%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, carbonate imports skyrocketed to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.5% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest carbonate supplier to the Dominican Republic, accounting for a 40% share of total imports. Moreover, carbonate imports from Russia exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was held by Honduras (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.6% per year) and Honduras (+256.1% per year).

In value terms, Russia ($X) constituted the largest supplier of carbonates and peroxocarbonates to the Dominican Republic, comprising 31% of total imports. The second position in the ranking was taken by the UK ($X), with a 13% share of total imports. It was followed by Honduras, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.1% per year) and Honduras (+260.4% per year).

Import Prices by Country

The average carbonate import price stood at $X per ton in 2021, rising by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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