Report Update Nov 1, 2024

Dominican Republic - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Formaldehyde Market 2024

Formaldehyde Market Size in the Dominican Republic

The Dominican formaldehyde market soared to $X in 2022, rising by 51% 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 resilient increase. Formaldehyde consumption peaked in 2022 and is expected to retain growth in the near future.

Formaldehyde Exports

Exports from the Dominican Republic

In 2022, overseas shipments of formaldehyde increased by 67% to X tons, rising for the second year in a row after four years of decline. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 21,846%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, formaldehyde exports soared to $X in 2022. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 25,468% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for formaldehyde exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to +16.0%.

In value terms, Haiti ($X) also remains the key foreign market for formaldehyde exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +25.3%.

Export Prices by Country

The average formaldehyde export price stood at $X per ton in 2022, rising by 31% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 181% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained 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 2022, the rate of growth in terms of prices for Haiti amounted to +8.0% per year.

Formaldehyde Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of formaldehyde was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, formaldehyde imports surged to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of formaldehyde to the Dominican Republic, with a 57% share of total imports. Moreover, formaldehyde imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.9% per year) and the Netherlands (+14.4% per year).

In value terms, Spain ($X) constituted the largest supplier of formaldehyde to the Dominican Republic, comprising 51% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports. It was followed by the Netherlands, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+28.6% per year) and the Netherlands (+29.1% per year).

Import Prices by Country

The average formaldehyde import price stood at $X per ton in 2022, increasing by 28% against the previous year. In general, the import price continues to indicate buoyant growth. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Belgium ($X per ton), while the price for Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption.

What are the largest producers of formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 47% of global production. These countries were followed by Japan, Russia, Brazil, Indonesia, Pakistan, Mexico, Italy, the Netherlands, Hungary and Germany, which together accounted for a further 30%.

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

In value terms, Spain constituted the largest supplier of formaldehyde to the Dominican Republic, comprising 35% of total imports. The second position in the ranking was occupied by Belgium, with a 17% share of total imports. It was followed by Taiwan Chinese), with a 12% share.

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

In value terms, Cuba remains the key foreign market for formaldehyde exports from the Dominican Republic, comprising 84% of total exports. The second position in the ranking was occupied by Haiti, with a 16% share of total exports.

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

The average formaldehyde export price stood at $937 per ton in 2021, falling by -55.5% against the previous year.

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

The average formaldehyde import price stood at $661 per ton in 2021, shrinking by -11% against the previous year.

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

Prodcom 20146111 - Methanal (formaldehyde)

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