Dominican Republic: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in the Dominican Republic

The Dominican market for manganites, manganates and permanganates, molybdates and tungstates skyrocketed to $X in 2021, picking up by 16% 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). Over the period under review, consumption posted a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from the Dominican Republic

Manganites, manganates, molybdates and tungstates exports from the Dominican Republic stood at X kg in 2021, leveling off at 2020. In general, exports recorded pronounced growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates exports stood at $X in 2021. Overall, exports recorded a deep slump. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X kg) was the main destination for manganites, manganates, molybdates and tungstates exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti was relatively modest.

Export Prices by Country

The average export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, flattening at the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Haiti amounted to 0.0% per year.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into the Dominican Republic

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were imported into the Dominican Republic; surging by 4.3% against the previous year's figure. Over the period under review, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 102% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 90%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest manganites, manganates, molybdates and tungstates supplier to the Dominican Republic, with a 53% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and Spain (-0.9% per year).

In value terms, the United States ($X), China ($X) and Spain ($X) appeared to be the largest manganites, manganates, molybdates and tungstates suppliers to the Dominican Republic, with a combined 96% share of total imports.

In terms of the main suppliers, China, with a CAGR of +15.7%, recorded the highest growth rate of 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 import price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 62%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 the United States ($X per ton), while the price for Spain ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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