Dominican Republic: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in the Dominican Republic

The Dominican market for liquid or compressed air and distilled or conductivity water surged to $X in 2021, growing by 46% 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 faced a abrupt curtailment. Liquid air and distilled water consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from the Dominican Republic

In 2021, approx. X kg of liquid or compressed air and distilled or conductivity water were exported from the Dominican Republic; dropping by -24.3% on the previous year's figure. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 547%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid air and distilled water exports plummeted to $X in 2021. Over the period under review, exports showed a pronounced decline. The growth pace was the most rapid in 2019 when exports increased by 931%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Jamaica (X kg) was the main destination for liquid air and distilled water exports from the Dominican Republic, accounting for a 78% share of total exports. Moreover, liquid air and distilled water exports to Jamaica exceeded the volume sent to the second major destination, the United States (X kg), sixfold. France (X kg) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Jamaica stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.3% per year) and France (-34.4% per year).

In value terms, the United States ($X), Jamaica ($X) and France ($X) appeared to be the largest markets for liquid air and distilled water exported from the Dominican Republic worldwide, together accounting for 100% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, flattening at the previous year. Overall, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 277% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turks and Caicos Islands ($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 France (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into the Dominican Republic

In 2021, overseas purchases of liquid or compressed air and distilled or conductivity water decreased by -7.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 796% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid air and distilled water imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 1,183% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Israel (X tons), the United States (X tons) and India (X tons) were the main suppliers of liquid air and distilled water imports to the Dominican Republic, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +6.7%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to the Dominican Republic, comprising 89% of total imports. The second position in the ranking was held by Israel ($X), with a 3.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-28.9% per year) and India (+10.7% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, with an increase of 126% against the previous year. In general, the import price showed a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 191% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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