Report Update Nov 1, 2024

Dominican Republic - Diammonium Phosphate (DAP) - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the Dominican Republic

After two years of growth, the Dominican diammonium phosphate market decreased by -29% to $X in 2022. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from the Dominican Republic

In 2022, shipments abroad of diammonium phosphate was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 379%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, diammonium phosphate exports soared to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 691%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guyana (X tons), France (X tons) and Jamaica (X tons) were the main destinations of diammonium phosphate exports from the Dominican Republic, with a combined 97% share of total exports. The United States lagged somewhat behind, accounting for a further 2.2%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X), France ($X) and Jamaica ($X) were the largest markets for diammonium phosphate exported from the Dominican Republic worldwide, together accounting for 98% of total exports. These countries were followed by the United States, which accounted for a further 2%.

In terms of the main countries of destination, the United States, with a CAGR of +22.9%, recorded the highest rates of growth with regard to the value of exports, 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 diammonium phosphate export price amounted to $X per ton, with a decrease of -13.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 65% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+36.6%), while the prices for the other major destinations experienced mixed trend patterns.

Diammonium Phosphate Imports

Imports into the Dominican Republic

After two years of growth, supplies from abroad of diammonium phosphate decreased by -48.5% to X tons in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 470%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports contracted to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 330%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main diammonium phosphate supplier to the Dominican Republic, with a 96% share of total imports. Moreover, diammonium phosphate imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +11.9%.

In value terms, the United States ($X) constituted the largest supplier of diammonium phosphate to the Dominican Republic, comprising 96% of total imports. The second position in the ranking was taken by Mexico ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +16.4%.

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, growing by 76% against the previous year. Overall, the import price continues to indicate a tangible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diammonium phosphate in the world?

The countries with the highest volumes of diammonium phosphate consumption in 2021 were China, India and the United States, with a combined 54% share of global consumption. Pakistan, Russia, Nigeria, Germany and Mexico lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of diammonium phosphate in the world?

The country with the largest volume of diammonium phosphate production was China, comprising approx. 36% of total volume. Moreover, diammonium phosphate production in China exceeded the figures recorded by the second-largest producer, India, threefold. Morocco ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of diammonium phosphate to the Dominican Republic?

In value terms, the United States constituted the largest supplier of diammonium phosphate to the Dominican Republic, comprising 95% of total imports. The second position in the ranking was occupied by Russia, with a 5% share of total imports.

What are the leading importers of diammonium phosphate from the Dominican Republic?

In value terms, the largest markets for diammonium phosphate exported from the Dominican Republic were Guyana, Jamaica and the United States, with a combined 100% share of total exports.

What is the average export price for diammonium phosphate in the Dominican Republic?

In 2021, the average diammonium phosphate export price amounted to $533 per ton, with a decrease of -1.5% against the previous year.

What is the average import price for diammonium phosphate in the Dominican Republic?

The average diammonium phosphate import price stood at $549 per ton in 2021, jumping by 48% against the previous year.

This report provides an in-depth analysis of the diammonium phosphate market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4022 -

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023