Dominican Republic: M-Xylene And Xylenes Market 2025

M-Xylene And Xylenes Market Size in the Dominican Republic

The Dominican m-xylene and xylenes market surged to $X in 2022, jumping by 36% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. X-xylene and xylenes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

M-Xylene And Xylenes Production in the Dominican Republic

In value terms, m-xylene and xylenes production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the immediate term.

M-Xylene And Xylenes Exports

Exports from the Dominican Republic

In 2022, overseas shipments of m-xylene and mixed xylene isomers increased by 1.6% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 313% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes exports expanded slightly to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 162% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for m-xylene and xylenes exports from the Dominican Republic, accounting for a 91% share of total exports. Moreover, m-xylene and xylenes exports to Trinidad and Tobago exceeded the volume sent to the second major destination, Jamaica (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Trinidad and Tobago totaled +20.9%.

In value terms, Trinidad and Tobago ($X) remains the key foreign market for m-xylene and mixed xylene isomers exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Trinidad and Tobago amounted to +20.6%.

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of 61%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Trinidad and Tobago totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (-0.2%).

M-Xylene And Xylenes Imports

Imports into the Dominican Republic

In 2022, approx. X tons of m-xylene and mixed xylene isomers were imported into the Dominican Republic; with a decrease of -99.8% against the previous year. Over the period under review, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 278% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes imports dropped sharply to $X in 2022. In general, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 233% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main m-xylene and xylenes supplier to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -39.0%.

In value terms, the United States ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -37.6%.

Import Prices by Country

The average m-xylene and xylenes import price stood at $X per ton in 2022, surging by 99% against the previous year. Overall, the import price saw noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.3% per year.

Source: IndexBox Platform

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