Dominican Republic: Composite Laboratory Reagents Market 2025

Composite Laboratory Reagents Market Size in the Dominican Republic

After three years of growth, the Dominican composite laboratory reagents market decreased by -9.6% to $X in 2022. Overall, consumption, however, continues to indicate a prominent expansion. Composite laboratory reagents consumption peaked at $X in 2021, and then reduced in the following year.

Composite Laboratory Reagents Exports

Exports from the Dominican Republic

In 2018, composite laboratory reagents exports from the Dominican Republic skyrocketed to X kg, rising by 60% on the previous year. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 476%. Over the period under review, the exports reached the peak figure in 2018 and are expected to retain growth in the near future.

In value terms, composite laboratory reagents exports fell significantly to $X in 2018. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,209%. Over the period under review, the exports attained the maximum at $X in 2017, and then reduced rapidly in the following year.

Exports by Country

Canada (X kg) was the main destination for composite laboratory reagents exports from the Dominican Republic, accounting for a 53% share of total exports. Moreover, composite laboratory reagents exports to Canada exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold. Haiti (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2018, the average annual rate of growth in terms of volume to Canada totaled +571.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.7% per year) and Haiti (+17.1% per year).

In value terms, Brazil ($X) emerged as the key foreign market for composite diagnostic or laboratory reagents exports from the Dominican Republic, comprising 71% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by the United States, with a 3.1% share.

From 2012 to 2018, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-29.8% per year) and the United States (+58.6% per year).

Export Prices by Country

In 2018, the average composite laboratory reagents export price amounted to $X per ton, which is down by -49.8% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 226%. The export price peaked at $X per ton in 2017, and then reduced remarkably in the following year.

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

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3,241.9%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into the Dominican Republic

After three years of growth, supplies from abroad of composite diagnostic or laboratory reagents decreased by -18.9% to X tons in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 77%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped markedly in the following year.

In value terms, composite laboratory reagents imports rose to $X in 2022. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 111%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and the United States (X tons) were the main suppliers of composite laboratory reagents imports to the Dominican Republic, with a combined 70% share of total imports. Germany, Hong Kong SAR, Canada and Spain lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +92.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and China ($X) were the largest composite laboratory reagents suppliers to the Dominican Republic, together accounting for 57% of total imports.

In terms of the main suppliers, Canada, with a CAGR of +53.8%, 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 2022, the average composite laboratory reagents import price amounted to $X per ton, rising by 28% against the previous year. In general, the import price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 44% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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