Dominican Republic: Carboxylic Acid Market 2025

Carboxylic Acid Market Size in the Dominican Republic

The Dominican carboxylic acid market soared to $X in 2021, increasing by 26% 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). Over the period under review, consumption, however, showed a noticeable slump. Carboxylic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Carboxylic Acid Exports

Exports from the Dominican Republic

In 2021, after three years of decline, there was significant growth in shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, when their volume increased by 43% to X tons. Overall, exports, however, faced a abrupt shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, carboxylic acid exports skyrocketed to $X in 2021. Over the period under review, exports showed a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of 80%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for carboxylic acid exports from the Dominican Republic, with a 60% share of total exports. Moreover, carboxylic acid exports to Haiti exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), twofold. The third position in this ranking was held by Guatemala (X kg), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+0.5% per year) and Guatemala (+18.3% per year).

In value terms, Haiti ($X) emerged as the key foreign market for carboxylic acid with alcohol, phenol, aldehyde or ketone functions exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was held by Guatemala ($X), with a 17% share of total exports. It was followed by Trinidad and Tobago, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Haiti amounted to +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+16.6% per year) and Trinidad and Tobago (+2.0% per year).

Export Prices by Country

In 2021, the average carboxylic acid export price amounted to $X per ton, dropping by -9.5% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 72% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Haiti (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Carboxylic Acid Imports

Imports into the Dominican Republic

In 2021, approx. X tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were imported into the Dominican Republic; growing by 32% on the year before. Overall, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, carboxylic acid imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Brazil (X tons) and Belgium (X tons) were the main suppliers of carboxylic acid imports to the Dominican Republic, with a combined 62% share of total imports. China, Spain, Canada, France and the Netherlands lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid suppliers to the Dominican Republic were Belgium ($X), China ($X) and Spain ($X), together comprising 50% of total imports.

Among the main suppliers, Spain, with a CAGR of +32.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average carboxylic acid import price amounted to $X per ton, which is down by -5.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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