Report Update Nov 1, 2024

Dominican Republic - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Nitrates Market 2024

Nitrates Market Size in the Dominican Republic

In 2021, the Dominican nitrates market decreased by -7.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Nitrates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Nitrates Exports

Exports from the Dominican Republic

In 2021, shipments abroad of nitrates (excluding those of potassium) increased by 37% to X tons, rising for the fourth year in a row after two years of decline. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,107%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, nitrates exports reduced rapidly to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 4,166%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Anguilla (X tons), Dominica (X tons) and Haiti (X tons) were the main destinations of nitrates exports from the Dominican Republic, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Haiti (with a CAGR of +49.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X) remains the key foreign market for nitrates (excluding those of potassium) exports from the Dominican Republic, comprising 85% of total exports. The second position in the ranking was held by Anguilla ($X), with a 7% share of total exports. It was followed by Dominica, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Anguilla (0.0% per year) and Dominica (0.0% per year).

Export Prices by Country

The average nitrates export price stood at $X per ton in 2021, shrinking by -88% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2016 when the average export price increased by 135%. The export price peaked at $X per ton in 2020, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Anguilla ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+6.6%).

Nitrates Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of nitrates (excluding those of potassium) decreased by -9.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 387%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, nitrates imports surged to $X in 2021. Overall, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Colombia (X tons), China (X tons) and Poland (X tons) were the main suppliers of nitrates imports to the Dominican Republic, together accounting for 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +42.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrates suppliers to the Dominican Republic were Colombia ($X), Poland ($X) and China ($X), with a combined 62% share of total imports.

Among the main suppliers, Poland, with a CAGR of +12.8%, saw 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

In 2021, the average nitrates import price amounted to $X per ton, increasing by 40% against the previous year. Over the period under review, the import price, however, saw a dramatic descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-12.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates consumption was China, accounting for 20% of total volume. Moreover, nitrates consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of nitrates (excluding those of potassium) in the world?

China remains the largest nitrates producing country worldwide, accounting for 30% of total volume. Moreover, nitrates production in China exceeded the figures recorded by the second-largest producer, Norway, threefold. The third position in this ranking was occupied by India, with a 7.5% share.

What are the leading suppliers of nitrates (excluding those of potassium) to the Dominican Republic?

In value terms, Russia, China and Poland constituted the largest nitrates suppliers to the Dominican Republic, together comprising 70% of total imports.

What are the leading importers of nitrates (excluding those of potassium) from the Dominican Republic?

In value terms, Jamaica emerged as the key foreign market for nitrates exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was occupied by the United States, with a 21% share of total exports.

What is the average export price for nitrates (excluding those of potassium) in the Dominican Republic?

In 2021, the average nitrates export price amounted to $270,470 per ton, picking up by 383% against the previous year.

What is the average import price for nitrates (excluding those of potassium) in the Dominican Republic?

The average nitrates import price stood at $441 per ton in 2021, jumping by 35% against the previous year.

This report provides an in-depth analysis of the nitrates 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 20134210 - Nitrates (excluding those of potassium)

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:

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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
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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