Dominican Republic: Ether Market 2024

Ether Market Size in the Dominican Republic

The Dominican ether market surged to $X in 2022, picking up by 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ether Exports

Exports from the Dominican Republic

In 2022, exports of ethers from the Dominican Republic surged to X tons, rising by 120% on 2021 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 333%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ether exports soared to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,248% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ether exports from the Dominican Republic, with a 81% share of total exports. Moreover, ether exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), ninefold. Guyana (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+3.1% per year) and Guyana (+14.6% per year).

In value terms, the United States ($X) remains the key foreign market for ethers exports from the Dominican Republic, comprising 77% of total exports. The second position in the ranking was held by Guyana ($X), with an 11% share of total exports. It was followed by Haiti, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+39.8% per year) and Haiti (+2.7% per year).

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, dropping by -23.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 501% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Haiti ($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 Trinidad and Tobago (+27.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ether Imports

Imports into the Dominican Republic

Ether imports into the Dominican Republic soared to X tons in 2022, jumping by 66% on 2021. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 92% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ether imports surged to $X in 2022. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. Over the period under review, imports hit record highs 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 ether supplier to the Dominican Republic, accounting for a 62% share of total imports. Moreover, ether imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+47.0% per year) and the Netherlands (+9.7% per year).

In value terms, the United States ($X) constituted the largest supplier of ethers to the Dominican Republic, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.3% per year) and the Netherlands (+7.9% per year).

Import Prices by Country

In 2022, the average ether import price amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 64%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :