Dominican Republic: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in the Dominican Republic

In 2021, the Dominican ketone and quinone market was finally on the rise to reach $X after three years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Exports

Exports from the Dominican Republic

After two years of growth, shipments abroad of ketones and quinones decreased by -72.6% to X tons in 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 253%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports reduced notably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 182%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Guyana (X tons), Guatemala (X tons) and Jamaica (X tons) were the main destinations of ketone and quinone exports from the Dominican Republic, with a combined 75% share 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 Guyana (with a CAGR of +16.8%), while the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X) emerged as the key foreign market for ketones and quinones exports from the Dominican Republic, comprising 37% of total exports. The second position in the ranking was taken by Guatemala ($X), with an 18% share of total exports. It was followed by Jamaica, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Guyana totaled +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.9% per year) and Jamaica (-23.5% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, growing by 45% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ketone and quinone export price increased by +47.1% against 2019 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Panama ($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 Costa Rica (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into the Dominican Republic

In 2021, purchases abroad of ketones and quinones increased by 67% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports surged to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Russia (X tons) and the Netherlands (X tons) were the main suppliers of ketone and quinone imports to the Dominican Republic, together accounting for 67% of total imports. Belgium, Spain, China, South Africa and Taiwan (Chinese) lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +76.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and the Netherlands ($X) appeared to be the largest ketone and quinone suppliers to the Dominican Republic, together comprising 68% of total imports. These countries were followed by Belgium, China, Spain, South Africa and Taiwan (Chinese), which together accounted for a further 25%.

Among the main suppliers, Belgium, with a CAGR of +54.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 31%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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