Dominican Republic: Nucleic Acid Market 2024

Nucleic Acid Market Size in the Dominican Republic

The Dominican nucleic acid market dropped to $X in 2021, reducing by -9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Nucleic Acid Exports

Exports from the Dominican Republic

In 2021, nucleic acid exports from the Dominican Republic skyrocketed to X tons, jumping by 26% on the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 556%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, nucleic acid exports skyrocketed to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 321% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for nucleic acid exports from the Dominican Republic, accounting for a 87% share of total exports. Moreover, nucleic acid exports to Haiti exceeded the volume sent to the second major destination, Barbados (X kg), tenfold. The third position in this ranking was taken by the United States (X kg), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+2.1% per year) and the United States (+23.3% per year).

In value terms, Haiti ($X) remains the key foreign market for nucleic acids and their salts exports from the Dominican Republic, comprising 88% of total exports. The second position in the ranking was taken by Barbados ($X), with a 7.8% share of total exports. It was followed by the United States, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+20.6% per year) and the United States (+53.7% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, picking up by 13% against the previous year. In general, the export price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 122%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Guatemala ($X per ton) and Haiti ($X per ton), while the average price for exports to Barbados ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into the Dominican Republic

In 2021, nucleic acid imports into the Dominican Republic fell to X tons, with a decrease of -8.1% compared with the previous year. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 23%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, nucleic acid imports fell to $X in 2021. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 52% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), China (X tons) and Japan (X tons) were the main suppliers of nucleic acid imports to the Dominican Republic, with a combined 79% share of total imports. These countries were followed by the United States, Panama and Mexico, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Indonesia ($X) were the largest nucleic acid suppliers to the Dominican Republic, with a combined 62% share of total imports. The United States, Panama and Mexico lagged somewhat behind, together comprising a further 17%.

Mexico, with a CAGR of +57.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 nucleic acid import price amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :