Report Update Nov 1, 2024

Dominican Republic - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the Dominican Republic

In 2022, the Dominican methacrylic acid esters market increased by 6% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted significant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Methacrylic Acid Esters Exports

Exports from the Dominican Republic

In 2022, after three years of decline, there was significant decline in shipments abroad of esters of methacrylic acid, when their volume decreased by -35.1% to X tons. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 579% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports contracted dramatically to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 544%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for methacrylic acid esters exports from the Dominican Republic, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to +12.0%.

In value terms, Guatemala ($X) also remains the key foreign market for esters of methacrylic acid exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala stood at +11.3%.

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, growing by 9.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 47%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -0.6% per year.

Methacrylic Acid Esters Imports

Imports into the Dominican Republic

In 2022, the amount of esters of methacrylic acid imported into the Dominican Republic was estimated at X tons, therefore, remained relatively stable against 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2014 when imports increased by 158% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, methacrylic acid esters imports expanded rapidly to $X in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 136% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest methacrylic acid esters supplier to the Dominican Republic, accounting for a 68% share of total imports. Moreover, methacrylic acid esters imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.8% per year) and Brazil (-60.5% per year).

In value terms, the United States ($X) constituted the largest supplier of esters of methacrylic acid to the Dominican Republic, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.8% per year) and Brazil (-51.1% per year).

Import Prices by Country

In 2022, the average methacrylic acid esters import price amounted to $X per ton, with an increase of 7.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters consumption in 2020 were China, Singapore and the United States, with a combined 30% share of global consumption.

What are the largest producers of esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters production in 2020 were Singapore, the UK and the United States, with a combined 46% share of global production. Japan, Saudi Arabia, Thailand and Germany lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of esters of methacrylic acid to the Dominican Republic?

In value terms, the largest methacrylic acid esters suppliers to the Dominican Republic were Brazil, the United States and the Netherlands, together comprising 100% of total imports.

What are the leading importers of esters of methacrylic acid from the Dominican Republic?

In value terms, Guatemala $400) remains the key foreign market for methacrylic acid esters exports from the Dominican Republic.

What is the average export price for esters of methacrylic acid in the Dominican Republic?

In 2020, the average methacrylic acid esters export price amounted to $2,697 per ton, falling by -8.2% against the previous year.

What is the average import price for esters of methacrylic acid in the Dominican Republic?

The average methacrylic acid esters import price stood at $1,825 per ton in 2020, growing by 1.7% against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters 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:

Prodcom 20143340 - Esters of methacrylic acid

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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