Dominican Republic: Monoethanolamine Market 2024

Monoethanolamine Market Size in the Dominican Republic

In 2021, the Dominican monoethanolamine market decreased by -12.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.9% against 2017 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Monoethanolamine Production in the Dominican Republic

In value terms, monoethanolamine production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.2% against 2017 indices. The growth pace was the most rapid in 2020 when the production volume increased by 30%. As a result, production attained the peak level of $X, and then fell in the following year.

Monoethanolamine Exports

Exports from the Dominican Republic

After three years of decline, shipments abroad of monoethanolamine and its salts increased by 278% to X tons in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 311%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, monoethanolamine exports surged to $X in 2021. In general, exports continue to indicate a prominent expansion. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for monoethanolamine 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 totaled +14.5%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +11.0%.

Export Prices by Country

In 2021, the average monoethanolamine export price amounted to $X per ton, growing by 2.6% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 9.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, 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 2021, the rate of growth in terms of prices for Haiti amounted to -3.0% per year.

Monoethanolamine Imports

Imports into the Dominican Republic

In 2021, overseas purchases of monoethanolamine and its salts decreased by -62.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 680%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, monoethanolamine imports fell significantly to $X in 2021. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by 717%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of monoethanolamine imports to the Dominican Republic, with a combined 76% share of total imports. The United States, India, Italy and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +15.9%), while imports for the other leaders experienced a decline.

In value terms, Belgium ($X), Taiwan (Chinese) ($X) and India ($X) constituted the largest monoethanolamine suppliers to the Dominican Republic, together comprising 64% of total imports.

India, with a CAGR of +24.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average monoethanolamine import price stood at $X per ton in 2021, increasing by 31% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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