Report Update Nov 1, 2024

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

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Dominican Republic: Nitrogen Market 2024

Nitrogen Market Size in the Dominican Republic

In 2021, the Dominican nitrogen market increased by 36% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a resilient expansion. Nitrogen consumption peaked in 2021 and is likely to continue growth in the immediate term.

Nitrogen Exports

Exports from the Dominican Republic

In 2021, after three years of decline, there was significant growth in overseas shipments of nitrogen, when their volume increased by 163% to X cubic meters. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,328% against the previous year. The exports peaked at X cubic meters in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, nitrogen exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 3,187%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X cubic meters) was the main destination for nitrogen exports from the Dominican Republic, with a 96% share of total exports. Moreover, nitrogen exports to Haiti exceeded the volume sent to the second major destination, the United States (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to +70.0%.

In value terms, Haiti ($X) remains the key foreign market for nitrogen exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was held by the United States ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled +44.8%.

Export Prices by Country

In 2021, the average nitrogen export price amounted to $X per cubic meter, dropping by -20.4% against the previous year. In general, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 907%. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per cubic meter), while the average price for exports to the United States stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%).

Nitrogen Imports

Imports into the Dominican Republic

In 2021, approx. X cubic meters of nitrogen were imported into the Dominican Republic; picking up by 20% on the previous year. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, nitrogen imports soared to $X in 2021. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 64%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Trinidad and Tobago (X cubic meters) constituted the largest supplier of nitrogen to the Dominican Republic, with a 77% share of total imports. Moreover, nitrogen imports from Trinidad and Tobago exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), threefold.

From 2012 to 2021, the average annual growth rate of volume from Trinidad and Tobago totaled +20.4%.

In value terms, Trinidad and Tobago ($X) and the United States ($X) appeared to be the largest nitrogen suppliers to the Dominican Republic.

Trinidad and Tobago, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, surging by 14% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nitrogen import price increased by +37.8% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 the United States ($X per cubic meter), while the price for Trinidad and Tobago stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrogen in the world?

The country with the largest volume of nitrogen consumption was China, accounting for 19% of total volume. Moreover, nitrogen consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of nitrogen in the world?

China remains the largest nitrogen producing country worldwide, accounting for 19% of total volume. Moreover, nitrogen production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.7% share.

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

In value terms, Trinidad and Tobago constituted the largest supplier of nitrogen to the Dominican Republic, comprising 72% of total imports. The second position in the ranking was occupied by the United States, with a 22% share of total imports.

What are the leading importers of nitrogen from the Dominican Republic?

In value terms, Haiti remains the key foreign market for nitrogen exports from the Dominican Republic, comprising 71% of total exports. The second position in the ranking was occupied by the United States, with a 29% share of total exports.

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

The average nitrogen export price stood at $1.3 per cubic meter in 2021, shrinking by -30.2% against the previous year.

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

The average nitrogen import price stood at $0.4 per cubic meter in 2021, surging by 8.9% against the previous year.

This report provides an in-depth analysis of the nitrogen 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 20111160 - Nitrogen

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