Dominican Republic: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2024

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in the Dominican Republic

The Dominican market for other medicaments for therapeutic or prophylactic uses was estimated at $X in 2022, approximately mirroring the previous year. Overall, consumption, however, continues to indicate a mild expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Other Medicaments For Therapeutic Or Prophylactic Uses in the Dominican Republic

In value terms, production of other medicaments for therapeutic or prophylactic uses contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from the Dominican Republic

In 2022, exports of other medicaments for therapeutic or prophylactic uses from the Dominican Republic fell to X tons, waning by X% compared with 2021. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of other medicaments for therapeutic or prophylactic uses soared to $X in 2022. Overall, exports, however, showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for exports of other medicaments for therapeutic or prophylactic uses from the Dominican Republic, with a X% share of total exports. Moreover, exports of other medicaments for therapeutic or prophylactic uses to Mexico exceeded the volume sent to the second major destination, Ecuador (X tons), fivefold. Nicaragua (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Nicaragua (X% per year).

In value terms, Nicaragua ($X), Ecuador ($X) and Panama ($X) constituted the largest markets for other medicaments for therapeutic or prophylactic uses exported from the Dominican Republic worldwide, together accounting for X% of total exports.

Ecuador, 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 more modest paces of growth.

Export Prices by Country

The average export price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price posted a strong increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the Netherlands ($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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into the Dominican Republic

In 2022, approx. X tons of other medicaments for therapeutic or prophylactic uses were imported into the Dominican Republic; jumping by X% compared with the year before. Over the period under review, imports continue to indicate a tangible increase. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of other medicaments for therapeutic or prophylactic uses surged to $X in 2022. Overall, imports continue to indicate a noticeable expansion. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Argentina (X tons) and Germany (X tons) were the main suppliers of imports of other medicaments for therapeutic or prophylactic uses to the Dominican Republic, together accounting for X% of total imports. China, India, Mexico, France, Colombia, Uruguay and Panama lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the largest other medicaments for therapeutic or prophylactic uses suppliers to the Dominican Republic, together comprising X% of total imports.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average import price for other medicaments for therapeutic or prophylactic uses amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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