Dominican Republic: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in the Dominican Republic

The Dominican chemical contraceptive preparations market rose remarkably to $X in 2021, surging by 14% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.9% against 2016 indices. Chemical contraceptive preparations consumption peaked in 2021 and is expected to retain growth in the near future.

Chemical Contraceptive Preparations Production in the Dominican Republic

In value terms, chemical contraceptive preparations production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Chemical Contraceptive Preparations Exports

Exports from the Dominican Republic

In 2021, exports of chemical contraceptive preparations based on hormones or spermicides from the Dominican Republic amounted to X kg, almost unchanged from 2020 figures. In general, exports showed a dramatic slump. The growth pace was the most rapid in 2016 with an increase of 1,550% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, chemical contraceptive preparations exports stood at $X in 2021. Over the period under review, exports saw a dramatic setback. The pace of growth was the most pronounced in 2016 when exports increased by 1,197% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for chemical contraceptive preparations exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -18.9%.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -12.0%.

Export Prices by Country

The average chemical contraceptive preparations export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 when the average export price increased by 363% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +9.2% per year.

Chemical Contraceptive Preparations Imports

Imports into the Dominican Republic

Chemical contraceptive preparations imports into the Dominican Republic surged to X tons in 2021, rising by 54% against the previous year's figure. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 961%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, chemical contraceptive preparations imports surged to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2017 with an increase of 396% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

India (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of chemical contraceptive preparations imports to the Dominican Republic, together accounting for 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +204.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of chemical contraceptive preparations based on hormones or spermicides to the Dominican Republic, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +250.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.4% per year) and India (+11.9% per year).

Import Prices by Country

The average chemical contraceptive preparations import price stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 197%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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