Dominican Republic: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in the Dominican Republic

In 2022, the Dominican nitrogenous fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Nitrogenous fertilizer consumption peaked in 2022 and is expected to retain growth in years to come.

Nitrogenous Fertilizer Production in the Dominican Republic

In value terms, nitrogenous fertilizer production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from the Dominican Republic

In 2022, exports of nitrogenous fertilizers (mineral or chemical) from the Dominican Republic dropped notably to X tons, falling by X% against 2021. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports declined markedly to $X in 2022. Overall, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for nitrogenous fertilizer exports from the Dominican Republic, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to the United States exceeded the volume sent to the second major destination, France (X tons), fourfold. Guyana (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Guyana (X% per year).

In value terms, the United States ($X), France ($X) and Guyana ($X) constituted the largest markets for nitrogenous fertilizer exported from the Dominican Republic worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrogenous Fertilizer Imports

Imports into the Dominican Republic

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported into the Dominican Republic; therefore, remained relatively stable against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, nitrogenous fertilizer imports soared to $X in 2022. Over the period under review, imports, however, posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Trinidad and Tobago (X tons) and Russia (X tons) were the main suppliers of nitrogenous fertilizer imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer suppliers to the Dominican Republic were Trinidad and Tobago ($X), the United States ($X) and China ($X), together accounting for X% of total imports. Russia, Colombia and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average nitrogenous fertilizer import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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