Report Update Nov 1, 2024

Dominican Republic - Nitrites - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Nitrites Market 2024

Nitrites Market Size in the Dominican Republic

In 2021, the Dominican nitrites market decreased by -1.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Nitrites Exports

Exports from the Dominican Republic

In 2017, the amount of nitrites exported from the Dominican Republic totaled X tons, approximately equating 2016. Overall, exports faced a precipitous descent. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, nitrites exports amounted to $X in 2017. In general, exports showed a abrupt decline. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for nitrites exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Trinidad and Tobago was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to Trinidad and Tobago was relatively modest.

Export Prices by Country

The average nitrites export price stood at $X per ton in 2017, remaining stable against the previous year. Over the period under review, the export price recorded significant growth. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs in 2017 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.

From 2012 to 2017, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Nitrites Imports

Imports into the Dominican Republic

In 2021, overseas purchases of nitrites increased by 11% to X tons, rising for the fourth year in a row after two years of decline. In general, imports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 73%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, nitrites imports declined to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 88%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nitrites to the Dominican Republic, with a 64% share of total imports. Moreover, nitrites imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. The third position in this ranking was held by Italy (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +104.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.3% per year) and Italy (+115.7% per year).

In value terms, China ($X), the Netherlands ($X) and Germany ($X) constituted the largest nitrites suppliers to the Dominican Republic, with a combined 63% share of total imports.

In terms of the main suppliers, China, with a CAGR of +98.2%, 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 nitrites import price amounted to $X per ton, reducing by -16.1% against the previous year. In general, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 75%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.4%), 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 nitrites in the world?

The countries with the highest volumes of nitrites consumption in 2021 were Zambia, Canada and South Korea, with a combined 30% share of global consumption. These countries were followed by Japan, Nigeria, the Netherlands, Taiwan Chinese), Chile, Brazil, France, China, Thailand and Ukraine, which together accounted for a further 40%.

What are the largest producers of nitrites in the world?

China constituted the country with the largest volume of nitrites production, comprising approx. 62% of total volume. Moreover, nitrites production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by Russia, with a 6.3% share.

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

In value terms, the largest nitrites suppliers to the Dominican Republic were the Netherlands, Germany and the United States, together comprising 89% of total imports. China lagged somewhat behind, comprising a further 11%.

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

In 2017, the average nitrites export price amounted to $763 per ton, almost unchanged from the previous year.

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

The average nitrites import price stood at $732 per ton in 2021, falling by -19.3% against the previous year.

This report provides an in-depth analysis of the nitrites 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 20152080 - Nitrites

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