Dominican Republic: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the Dominican Republic

In 2022, the Dominican market for organo-sulphur compounds and other organo-inorganic compounds increased by 34% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +73.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from the Dominican Republic

For the seventh consecutive year, the Dominican Republic recorded decline in shipments abroad of organo-sulphur compounds and other organo-inorganic compounds, which decreased by -17.8% to X tons in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 300%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds dropped to $X in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 346% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from the Dominican Republic, accounting for a 97% share of total exports. It was followed by Belgium (X kg), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -13.7%.

In value terms, the United States ($X) remains the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -9.5%.

Export Prices by Country

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, growing by 4.9% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+19.1%).

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into the Dominican Republic

Imports of organo-sulphur compounds and other organo-inorganic compounds into the Dominican Republic skyrocketed to X tons in 2022, with an increase of 28% on the previous year. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Spain (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to the Dominican Republic, together comprising 72% of total imports. Belgium, Malaysia, France and Germany lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to the Dominican Republic, comprising 38% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.7% per year) and Spain (+15.8% per year).

Import Prices by Country

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, with an increase of 5.8% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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