Dominican Republic: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in the Dominican Republic

The Dominican magnesium hydroxide and peroxide market fell notably to $X in 2022, waning by -62.3% 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). Overall, consumption saw a sharp contraction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from the Dominican Republic

In 2022, the amount of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exported from the Dominican Republic dropped sharply to X kg, with a decrease of -63.9% on the previous year's figure. In general, exports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,228%. As a result, the exports attained the peak of X kg. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports shrank significantly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,304% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X kg) was the main destination for magnesium hydroxide and peroxide 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 Haiti stood at +39.0%.

In value terms, Haiti ($X) emerged as the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +41.8%.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium hydroxide and peroxide export price increased by +50.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +2.0% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into the Dominican Republic

Magnesium hydroxide and peroxide imports into the Dominican Republic contracted dramatically to X tons in 2022, which is down by -62.2% compared with 2021 figures. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2019 when imports increased by 117% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports dropped significantly to $X in 2022. In general, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2015 with an increase of 46%. 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 magnesium hydroxide and peroxide supplier to the Dominican Republic, accounting for a 66% share of total imports. Moreover, magnesium hydroxide and peroxide imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.1% per year) and China (-16.1% per year).

In value terms, the United States ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to the Dominican Republic, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.0% per year) and China (-19.9% per year).

Import Prices by Country

In 2022, the average magnesium hydroxide and peroxide import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 76%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :