Dominican Republic: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in the Dominican Republic

The Dominican cyclic hydrocarbons market expanded notably to $X in 2021, picking up by 13% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Production in the Dominican Republic

In value terms, cyclic hydrocarbons production surged to $X in 2021 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from the Dominican Republic

Cyclic hydrocarbons exports from the Dominican Republic soared to X tons in 2021, increasing by 189% on the previous year. Over the period under review, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports soared to $X in 2021. Overall, exports, however, showed a abrupt decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X tons), Barbados (X tons) and Guyana (X tons) were the main destinations of cyclic hydrocarbons exports from the Dominican Republic, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Guyana (with a CAGR of +291.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cyclic hydrocarbons exported from the Dominican Republic were Trinidad and Tobago ($X), Guyana ($X) and Barbados ($X), together comprising 95% of total exports.

Guyana, with a CAGR of +569.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, picking up by 17% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 32% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Guyana ($X per ton), while the average price for exports to Barbados ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+70.9%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into the Dominican Republic

After two years of growth, purchases abroad of other cyclic hydrocarbons decreased by -19.3% to X tons in 2021. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2021. Over the period under review, imports, however, posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of cyclic hydrocarbons imports to the Dominican Republic, together comprising 64% of total imports. These countries were followed by Israel, Japan, Canada and the United States, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of other cyclic hydrocarbons to the Dominican Republic, comprising 32% of total imports. The second position in the ranking was taken by Israel ($X), with a 10% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+25.5% per year) and Germany (+12.7% per year).

Import Prices by Country

In 2021, the average cyclic hydrocarbons import price amounted to $X per ton, picking up by 130% against the previous year. Overall, the import price posted a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+80.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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