Dominican Republic: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in the Dominican Republic

In 2022, the Dominican halogenated hydrocarbon derivative market decreased by -19.3% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption continues to indicate a noticeable slump. Halogenated hydrocarbon derivative consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports from the Dominican Republic

In 2022, overseas shipments of halogenated derivatives of hydrocarbons decreased by -74.8% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 205%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports reduced rapidly to $X in 2022. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 196% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for halogenated hydrocarbon derivative exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Trinidad and Tobago totaled +15.3%.

In value terms, Trinidad and Tobago ($X) also remains the key foreign market for halogenated derivatives of hydrocarbons exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Trinidad and Tobago amounted to +33.1%.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, waning by -4.6% against the previous year. Overall, the export price recorded a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +41.9% per year.

Halogenated Hydrocarbon Derivative Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of halogenated derivatives of hydrocarbons decreased by -12% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports declined sharply to $X in 2022. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to the Dominican Republic, accounting for a 58% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.2% per year) and South Korea (+197.4% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.4% per year) and the Netherlands (-5.8% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, shrinking by -20% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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