Report Update Nov 1, 2024

Dominican Republic - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in the Dominican Republic

In 2021, the Dominican nitric and sulphonitric acids market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from the Dominican Republic

In 2021, the amount of nitric acid and sulphonitric acids exported from the Dominican Republic surged to X tons, with an increase of 67% on the previous year. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 110%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, nitric and sulphonitric acids exports rose rapidly to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 33%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +7.3%.

In value terms, Haiti ($X) also remains the key foreign market for nitric acid and sulphonitric acids exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled -14.6%.

Export Prices by Country

In 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, shrinking by -36% against the previous year. Over the period under review, the export price saw a sharp curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 69% against the previous year. The export price peaked 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 -20.4% per year.

Imports of Nitric Acid And Sulphonitric Acids

Imports into the Dominican Republic

In 2021, overseas purchases of nitric acid and sulphonitric acids were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 73%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2018 with an increase of 114% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest nitric and sulphonitric acids supplier to the Dominican Republic, with a 89% share of total imports. Moreover, nitric and sulphonitric acids imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+15.0% per year) and the Netherlands (-7.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of nitric acid and sulphonitric acids to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 2.7% share of total imports. It was followed by Spain, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.8% per year) and Spain (+10.1% per year).

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, growing by 21% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 23%. Over the period under review, average import prices hit record highs 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 Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.1%), 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 nitric acid and sulphonitric acids in the world?

China remains the largest nitric and sulphonitric acids consuming country worldwide, accounting for 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of nitric acid and sulphonitric acids in the world?

China constituted the country with the largest volume of nitric and sulphonitric acids production, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.7% share.

What are the leading suppliers of nitric acid and sulphonitric acids to the Dominican Republic?

In value terms, Belgium constituted the largest supplier of nitric and sulphonitric acids to the Dominican Republic, comprising 83% of total imports. The second position in the ranking was occupied by the Netherlands, with an 8% share of total imports. It was followed by China, with a 2.7% share.

What are the leading importers of nitric acid and sulphonitric acids from the Dominican Republic?

In value terms, Haiti remains the key foreign market for nitric and sulphonitric acids exports from the Dominican Republic.

What is the average export price for nitric acid and sulphonitric acids in the Dominican Republic?

The average nitric and sulphonitric acids export price stood at $247 per ton in 2021, falling by -36% against the previous year.

What is the average import price for nitric acid and sulphonitric acids in the Dominican Republic?

In 2021, the average nitric and sulphonitric acids import price amounted to $499 per ton, rising by 23% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric acids

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