Dominican Republic: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in the Dominican Republic

In 2021, after two years of growth, there was significant decline in the Dominican gypsum and anhydrite market, when its value decreased by -22.6% to $X. In general, consumption saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Gypsum And Anhydrite Production in the Dominican Republic

In value terms, gypsum and anhydrite production dropped slightly to $X in 2021 estimated in export price. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 82%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Gypsum And Anhydrite Exports

Exports from the Dominican Republic

Gypsum and anhydrite exports from the Dominican Republic surged to X tons in 2021, with an increase of 39% compared with the previous year. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 158% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, gypsum and anhydrite exports surged to $X in 2021. Overall, exports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2019 with an increase of 187% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for gypsum and anhydrite exports from the Dominican Republic, with a 48% share of total exports. Moreover, gypsum and anhydrite exports to Trinidad and Tobago exceeded the volume sent to the second major destination, Barbados (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Trinidad and Tobago amounted to +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+14.8% per year) and the United States (-6.7% per year).

In value terms, Trinidad and Tobago ($X), France ($X) and Barbados ($X) constituted the largest markets for gypsum and anhydrite exported from the Dominican Republic worldwide, with a combined 75% share of total exports.

Among the main countries of destination, Trinidad and Tobago, with a CAGR of +30.8%, 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 2021, the average gypsum and anhydrite export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.8%), while the prices for the other major destinations experienced a decline.

Gypsum And Anhydrite Imports

Imports into the Dominican Republic

Gypsum and anhydrite imports into the Dominican Republic skyrocketed to X tons in 2021, growing by 18% against 2020 figures. Overall, imports, however, saw a significant decline. The pace of growth was the most pronounced in 2017 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gypsum and anhydrite imports declined to $X in 2021. In general, imports, however, faced a significant curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 338%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest gypsum and anhydrite supplier to the Dominican Republic, accounting for a 89% share of total imports. Moreover, gypsum and anhydrite imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -43.3%.

In value terms, the United States ($X) constituted the largest supplier of gypsum and anhydrite to the Dominican Republic, comprising 63% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +42.9%.

Import Prices by Country

In 2021, the average gypsum and anhydrite import price amounted to $X per ton, with a decrease of -21.9% against the previous year. In general, the import price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2014 an increase of 185%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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