Report Update Nov 1, 2024

Dominican Republic - Insecticides - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Insecticide Market 2024

Insecticide Market Size in the Dominican Republic

After two years of growth, the Dominican insecticide market decreased by -31.6% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. Insecticide consumption peaked at $X in 2020, and then fell notably in the following year.

Insecticide Production in the Dominican Republic

In value terms, insecticide production fell to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,838%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Insecticide Exports

Exports from the Dominican Republic

In 2021, shipments abroad of insecticides increased by 26% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 93% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, insecticide exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by 78%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for insecticide exports from the Dominican Republic, accounting for a 93% share of total exports. It was followed by France (X tons), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +31.4%.

In value terms, the United States ($X) remains the key foreign market for insecticides exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was taken by France ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +33.4%.

Export Prices by Country

In 2021, the average insecticide export price amounted to $X per ton, picking up by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%).

Insecticide Imports

Imports into the Dominican Republic

In 2021, the amount of insecticides imported into the Dominican Republic expanded sharply to X tons, with an increase of 5.5% on the previous year's figure. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by 40% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, insecticide imports rose slightly to $X in 2021. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of insecticide imports to the Dominican Republic, with a combined 70% share of total imports. India, Guatemala, Costa Rica, Colombia, Brazil, Germany, Spain and Indonesia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) constituted the largest insecticide suppliers to the Dominican Republic, together accounting for 56% of total imports. These countries were followed by Colombia, India, Guatemala, Germany, Brazil, Spain, Costa Rica and Indonesia, which together accounted for a further 29%.

Colombia, with a CAGR of +22.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Colombia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.7%), 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 insecticides in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 32% share of global consumption. These countries were followed by India, Japan, Indonesia, Germany, France, Turkey, Nigeria, Russia, South Korea and the UK, which together accounted for a further 31%.

What are the largest producers of insecticides in the world?

China remains the largest insecticide producing country worldwide, comprising approx. 37% of total volume. Moreover, insecticide production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with a 9.4% share.

What are the leading suppliers of insecticides to the Dominican Republic?

In value terms, the largest insecticide suppliers to the Dominican Republic were the United States, Guatemala and India, with a combined 64% share of total imports.

What are the leading importers of insecticides from the Dominican Republic?

In value terms, the United States remains the key foreign market for insecticide exports from the Dominican Republic, comprising 55% of total exports. The second position in the ranking was occupied by Guyana, with a 22% share of total exports. It was followed by Barbados, with a 20% share.

What is the average export price for insecticides in the Dominican Republic?

In 2021, the average insecticide export price amounted to $6,745 per ton, surging by 29% against the previous year.

What is the average import price for insecticides in the Dominican Republic?

In 2021, the average insecticide import price amounted to $6,821 per ton, falling by -15.8% against the previous year.

This report provides an in-depth analysis of the insecticide 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 20201130 - Insecticides based on chlorinated hydrocarbons, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201140 - Insecticides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201150 - Insecticides based on organophosphorus products, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201160 - Insecticides based on pyrethroids, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201190 - Other insecticides
Prodcom 20201100 -

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