Dominican Republic: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in the Dominican Republic

In 2021, after two years of growth, there was significant decline in the Dominican hydrogen chloride market, when its value decreased by -5.2% to $X. The market value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Hydrogen Chloride Production in the Dominican Republic

In value terms, hydrogen chloride production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 16%. Hydrogen chloride production peaked at $X in 2020, and then shrank in the following year.

Hydrogen Chloride Exports

Exports from the Dominican Republic

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) decreased by -44.6% to X tons, falling for the fourth year in a row after two years of growth. In general, exports recorded a deep setback. The growth pace was the most rapid in 2017 when exports increased by 137% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hydrogen chloride exports declined rapidly to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 143%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Jamaica (X tons) and Haiti (X tons) were the main destinations of hydrogen chloride exports from the Dominican Republic, together comprising 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of +28.4%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from the Dominican Republic, comprising 58% of total exports. The second position in the ranking was held by Jamaica ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-11.2% per year) and Haiti (+3.1% per year).

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen chloride export price increased by +53.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Jamaica ($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 (+12.3%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into the Dominican Republic

Hydrogen chloride imports into the Dominican Republic reduced modestly to X tons in 2021, with a decrease of -3.8% against 2020. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 28%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Colombia (X tons) constituted the largest supplier of hydrogen chloride to the Dominican Republic, with a 41% share of total imports. Moreover, hydrogen chloride imports from Colombia exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+13.3% per year) and the Netherlands (+15.7% per year).

In value terms, Colombia ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to the Dominican Republic, comprising 36% of total imports. The second position in the ranking was taken by Peru ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+14.5% per year) and the Netherlands (+12.0% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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