Report Update Nov 1, 2024

Dominican Republic - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Dominican Republic: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in the Dominican Republic

The Dominican tall oil fatty acids market dropped dramatically to $X in 2021, waning by -15.5% 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 recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from the Dominican Republic

In 2021, exports of industrial tall oil fatty acids from the Dominican Republic reduced notably to X tons, dropping by -48.8% on 2020. Overall, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 237%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, tall oil fatty acids exports dropped dramatically to $X in 2021. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 96% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for tall oil fatty acids exports from the Dominican Republic, accounting for a 88% share of total exports. Moreover, tall oil fatty acids exports to China exceeded the volume sent to the second major destination, Haiti (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -27.2%.

In value terms, the largest markets for tall oil fatty acids exported from the Dominican Republic were China ($X) and Haiti ($X).

Haiti, with a CAGR of -15.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 84%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Haiti ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+21.5%).

Imports of Industrial Tall Oil Fatty Acids

Imports into the Dominican Republic

In 2021, approx. X tons of industrial tall oil fatty acids were imported into the Dominican Republic; shrinking by -22.4% on 2020. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2015 when imports increased by 55%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, tall oil fatty acids imports contracted to $X in 2021. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main tall oil fatty acids supplier to the Dominican Republic, with a 94% share of total imports. It was followed by Belgium (X tons), with a 2.3% share of total imports. Barbados (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.5% per year) and Barbados (-1.5% per year).

In value terms, the United States ($X) constituted the largest supplier of industrial tall oil fatty acids to the Dominican Republic, comprising 88% of total imports. The second position in the ranking was taken by Belgium ($X), with a 5% share of total imports. It was followed by Barbados, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+30.9% per year) and Barbados (+8.3% per year).

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 24%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Barbados ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Barbados (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids consumption in 2020 were Sweden, the United States and Germany, with a combined 25% share of global consumption. These countries were followed by China, Mexico, Italy, Russia, India, Belgium, Poland, Turkey, the Netherlands and Finland, which together accounted for a further 35%.

What are the largest producers of industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids production in 2020 were the United States, Finland and Sweden, together comprising 78% of global production. France, the Netherlands, Austria and New Zealand lagged somewhat behind, together comprising a further 15%.

What are the leading suppliers of industrial tall oil fatty acids to the Dominican Republic?

In value terms, the United States constituted the largest supplier of tall oil fatty acids to the Dominican Republic.

What are the leading importers of industrial tall oil fatty acids from the Dominican Republic?

In value terms, Haiti remains the key foreign market for tall oil fatty acids exports from the Dominican Republic, comprising 73% of total exports. The second position in the ranking was occupied by Suriname, with a 27% share of total exports.

What is the average export price for industrial tall oil fatty acids in the Dominican Republic?

In 2020, the average tall oil fatty acids export price amounted to $2,380 per ton, increasing by 42% against the previous year.

What is the average import price for industrial tall oil fatty acids in the Dominican Republic?

In 2020, the average tall oil fatty acids import price amounted to $1,029 per ton, declining by -18.1% against the previous year.

This report provides an in-depth analysis of the market for tall oil fatty acids 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 20143150 - Industrial tall oil fatty acids

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