Dominican Republic: Market for Nitric Acid And Sulphonitric Acids 2025

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

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