Dominican Republic: Glycerol Market 2024

Glycerol Market Size in the Dominican Republic

The Dominican glycerol market expanded sharply to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Glycerol Production in the Dominican Republic

In value terms, glycerol production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Glycerol Exports

Exports from the Dominican Republic

In 2022, the amount of glycerol exported from the Dominican Republic soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, glycerol exports skyrocketed to $X in 2022. Overall, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for glycerol exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, glycerol exports to Haiti exceeded the volume sent to the second major destination, Cuba (X tons), fivefold.

From 2013 to 2022, the average annual growth rate of volume to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and the United States (X% per year).

In value terms, Haiti ($X) remains the key foreign market for glycerol exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Cuba ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and the United States (X% per year).

Export Prices by Country

The average glycerol export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glycerol Imports

Imports into the Dominican Republic

In 2022, after four years of growth, there was significant decline in supplies from abroad of glycerol, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, glycerol imports soared to $X in 2022. Over the period under review, imports, however, posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest glycerol supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, glycerol imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of glycerol to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Germany (X% per year).

Import Prices by Country

The average glycerol import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Germany ($X per ton), while the price for the United States ($X per ton) and Colombia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform