Dominican Republic: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in the Dominican Republic

In 2022, the Dominican cyclic hydrocarbons market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, posted a prominent increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Cyclic Hydrocarbons Exports

Exports from the Dominican Republic

In 2022, the amount of cyclic hydrocarbons exported from the Dominican Republic soared to X tons, growing by X% against the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2022. Overall, exports showed a measured expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), Jamaica (X tons) and Trinidad and Tobago (X tons) were the main destinations of cyclic hydrocarbons exports from the Dominican Republic, together accounting for X% of total exports. These countries were followed by Guyana, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cyclic hydrocarbons exported from the Dominican Republic were the United States ($X), Jamaica ($X) and Trinidad and Tobago ($X), together accounting for X% of total exports. These countries were followed by Guyana, which accounted for a further X%.

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclic hydrocarbons export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Jamaica ($X per ton), while the average price for exports to Guyana ($X per ton) and Trinidad and Tobago ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into the Dominican Republic

In 2022, imports of cyclic hydrocarbons into the Dominican Republic declined modestly to X tons, approximately equating 2021 figures. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined slightly in the following year.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Spain (X tons) and Colombia (X tons) were the main suppliers of cyclic hydrocarbons imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Colombia ($X) appeared to be the largest cyclic hydrocarbons suppliers to the Dominican Republic, with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a noticeable slump. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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