Dominican Republic: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in the Dominican Republic

In 2021, the Dominican glycosides and vegetable alkaloids market decreased by -20.7% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, enjoyed a measured expansion. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Production of Glycosides And Vegetable Alkaloids in the Dominican Republic

In value terms, glycosides and vegetable alkaloids production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 101% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports from the Dominican Republic

Glycosides and vegetable alkaloids exports from the Dominican Republic shrank notably to X tons in 2021, which is down by -34.8% compared with the year before. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by 87% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 106%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for glycosides and vegetable alkaloids exports from the Dominican Republic, with a 89% share of total exports. Moreover, glycosides and vegetable alkaloids exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to -13.1%.

In value terms, Haiti ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +13.0%.

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, jumping by 78% against the previous year. Overall, the export price recorded significant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 260% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glycosides And Vegetable Alkaloids

Imports into the Dominican Republic

In 2021, the amount of glycosides and vegetable alkaloids imported into the Dominican Republic soared to X tons, jumping by 30% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids imports surged to $X in 2021. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Colombia (X tons) and the Netherlands (X tons) were the main suppliers of glycosides and vegetable alkaloids imports to the Dominican Republic, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +52.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glycosides and vegetable alkaloids suppliers to the Dominican Republic were Denmark ($X), India ($X) and the Netherlands ($X), with a combined 42% share of total imports.

The Netherlands, with a CAGR of +46.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, increasing by 27% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glycosides and vegetable alkaloids import price increased by +90.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 50%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :