Report Update Nov 1, 2024

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

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Dominican Republic: Magnesium Market 2024

Magnesium Market Size in the Dominican Republic

The Dominican magnesium market amounted to $X in 2021, with an increase of 5.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Magnesium consumption peaked in 2021 and is likely to continue growth in the near future.

Magnesium Production in the Dominican Republic

In value terms, magnesium production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable descent. The growth pace was the most rapid in 2016 with an increase of 8.5%. Magnesium production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Magnesium Exports

Exports from the Dominican Republic

After two years of growth, shipments abroad of magnesium decreased by -20% to X tons in 2017. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 364,803%. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, magnesium exports declined significantly to $X in 2017. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 396,473%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

From 2015 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2015 to 2019, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

In 2017, the average magnesium export price amounted to $X per ton, remaining stable against the previous year. Over the last two-year period, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2016 an increase of 8.7% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2015 to 2017, the rate of growth in terms of prices for the UK amounted to -1.1% per year.

Magnesium Imports

Imports into the Dominican Republic

In 2021, magnesium imports into the Dominican Republic skyrocketed to X tons, increasing by 32% compared with the previous year. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 711%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, magnesium imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 519%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) was the main magnesium supplier to the Dominican Republic, accounting for a 99% share of total imports. It was followed by the United States (X kg), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +68.5%.

In value terms, China ($X) constituted the largest supplier of magnesium to the Dominican Republic, comprising 100% of total imports. The second position in the ranking was held by the United States ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +73.2%.

Import Prices by Country

In 2021, the average magnesium import price amounted to $X per ton, surging by 52% against the previous year. Overall, the import price recorded a perceptible expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 60%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesium in the world?

China constituted the country with the largest volume of magnesium consumption, accounting for 54% of total volume. Moreover, magnesium consumption in China exceeded the figures recorded by the second-largest consumer, Russia, ninefold. Japan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of magnesium in the world?

The country with the largest volume of magnesium production was China, comprising approx. 86% of total volume. Moreover, magnesium production in China exceeded the figures recorded by the second-largest producer, Russia, more than tenfold. Kazakhstan ranked third in terms of total production with a 2.1% share.

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

In value terms, the United States constituted the largest supplier of magnesium to the Dominican Republic.

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

In value terms, the UK remains the key foreign market for magnesium exports from the Dominican Republic.

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

In 2017, the average magnesium export price amounted to $2,769 per ton, leveling off at the previous year.

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

In 2021, the average magnesium import price amounted to $2,690 per ton, dropping by -61.6% against the previous year.

This report provides an in-depth analysis of the magnesium 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:

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