Dominican Republic: Caustic Soda Market 2025

Caustic Soda Market Size in the Dominican Republic

The Dominican caustic soda market skyrocketed to $X in 2021, increasing by 32% 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). Overall, consumption continues to indicate a modest expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Caustic Soda Exports

Exports from the Dominican Republic

In 2021, shipments abroad of caustic soda decreased by -4.7% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, showed a mild expansion. The pace of growth appeared the most rapid in 2015 with an increase of 25% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, caustic soda exports surged to $X in 2021. Over the period under review, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), France (X tons) and Saint Lucia (X tons) were the main destinations of caustic soda exports from the Dominican Republic, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +193.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caustic soda exported from the Dominican Republic were France ($X), the United States ($X) and Saint Lucia ($X), with a combined 92% share of total exports.

France, with a CAGR of +151.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average caustic soda export price stood at $X per ton in 2021, with an increase of 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+67.8%), while the prices for the other major destinations experienced mixed trend patterns.

Caustic Soda Imports

Imports into the Dominican Republic

Caustic soda imports into the Dominican Republic soared to X tons in 2021, jumping by 24% against the year before. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.0% 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 decreased by -15.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 93%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, caustic soda imports surged to $X in 2021. Overall, imports recorded a mild increase. The most prominent rate of growth was recorded in 2017 when imports increased by 90% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of caustic soda to the Dominican Republic, with a 85% share of total imports. Moreover, caustic soda imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Mexico (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.3% per year) and Mexico (+38.5% per year).

In value terms, the United States ($X) constituted the largest supplier of caustic soda to the Dominican Republic, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Mexico, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and Mexico (+35.0% per year).

Import Prices by Country

In 2021, the average caustic soda import price amounted to $X per ton, picking up by 8.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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