Dominican Republic: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the Dominican Republic

The Dominican market for colouring matter of vegetable or animal origin rose sharply to $X in 2021, surging by 5.7% against the previous year. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in the Dominican Republic

In value terms, vegetable or animal colouring matter production stood at $X in 2021 estimated in export price. Overall, production saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 52%. Vegetable or animal colouring matter production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from the Dominican Republic

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported from the Dominican Republic; waning by -54.3% on the previous year's figure. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 843% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports reduced notably to $X in 2021. In general, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,300% against the previous year. The exports peaked at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for vegetable or animal colouring matter exports from the Dominican Republic, with a 96% share of total exports. It was followed by Haiti (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-2.5% per year) and Suriname (-32.0% per year).

In value terms, the United States ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from the Dominican Republic, comprising 94% of total exports. The second position in the ranking was held by Haiti ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+16.8% per year) and Suriname (-34.4% per year).

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 48%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Suriname ($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 (+19.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into the Dominican Republic

In 2021, the amount of colouring matter of vegetable or animal origin imported into the Dominican Republic shrank rapidly to X tons, waning by -17.6% on 2020. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 118%. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined notably in the following year.

In value terms, vegetable or animal colouring matter imports stood at $X in 2021. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 105% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Brazil (X tons), Cote d'Ivoire (X tons) and Mexico (X tons) were the main suppliers of vegetable or animal colouring matter imports to the Dominican Republic, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +81.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Brazil ($X) were the largest vegetable or animal colouring matter suppliers to the Dominican Republic, together comprising 57% of total imports.

Brazil, with a CAGR of +56.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, rising by 22% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat 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 Mexico ($X per ton), while the price for Cote d'Ivoire ($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 (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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