Report Update Nov 1, 2024

Dominican Republic - Hydantoin and Its Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Hydantoin Market 2024

Hydantoin Market Size in the Dominican Republic

The Dominican hydantoin market was estimated at $X in 2022, surging by 10% 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). Over the period under review, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Hydantoin Exports

Exports from the Dominican Republic

After two years of growth, shipments abroad of hydantoin and its derivatives decreased by -24.8% to X kg in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 952%. Over the period under review, the exports hit record highs at X kg in 2021, and then shrank sharply in the following year.

In value terms, hydantoin exports shrank rapidly to $X in 2022. Over the period under review, exports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 607% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jamaica (X kg) was the main destination for hydantoin exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jamaica was relatively modest.

In value terms, Jamaica ($X) also remains the key foreign market for hydantoin and its derivatives exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Jamaica amounted to +3.3%.

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, rising by 2.3% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydantoin export price decreased by -35.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +2.5% per year.

Hydantoin Imports

Imports into the Dominican Republic

Hydantoin imports into the Dominican Republic rose notably to X tons in 2022, growing by 8.9% compared with the previous year. Over the period under review, imports recorded tangible growth. The growth pace was the most rapid in 2015 with an increase of 260%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, hydantoin imports amounted to $X in 2022. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 293% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of hydantoin to the Dominican Republic, accounting for a 81% share of total imports. Moreover, hydantoin imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.2% per year) and Spain (+5.3% per year).

In value terms, the United States ($X) constituted the largest supplier of hydantoin and its derivatives to the Dominican Republic, comprising 87% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.1% per year) and Spain (+7.7% per year).

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 53%. The import price peaked at $X per ton in 2021, and then contracted slightly in the following year.

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 the United States (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydantoin and its derivatives in the world?

The countries with the highest volumes of in 2021 were China, the United States and Spain, together comprising 32% of global consumption.

What are the largest producers of hydantoin and its derivatives in the world?

The country with the largest volume of hydantoin production was China, accounting for 43% of total volume. Moreover, hydantoin production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by the United States, with an 8% share.

What are the leading suppliers of hydantoin and its derivatives to the Dominican Republic?

In value terms, the United States constituted the largest supplier of hydantoin to the Dominican Republic, comprising 61% of total imports. The second position in the ranking was occupied by Italy, with a 17% share of total imports. It was followed by the Netherlands, with a 7.4% share.

What are the leading importers of hydantoin and its derivatives from the Dominican Republic?

In value terms, the United States emerged as the key foreign market for hydantoin exports from the Dominican Republic, comprising 67% of total exports. The second position in the ranking was occupied by Jamaica $878), with a 33% share of total exports.

What is the average export price for hydantoin and its derivatives in the Dominican Republic?

The average hydantoin export price stood at $20,790 per ton in 2021, increasing by 153% against the previous year.

What is the average import price for hydantoin and its derivatives in the Dominican Republic?

The average hydantoin import price stood at $9,101 per ton in 2021, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the hydantoin market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21103140 - Hydantoin and its derivatives

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023