Dominican Republic: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in the Dominican Republic

The Dominican phosphinates and phosphonates market expanded modestly to $X in 2022, surging by 2.9% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.3% against 2020 indices. Phosphinates and phosphonates consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Phosphinates And Phosphonates Production in the Dominican Republic

In value terms, phosphinates and phosphonates production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value 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, production decreased by -0.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 96% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from the Dominican Republic

In 2022, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) was finally on the rise to reach X kg after three years of decline. Overall, exports, however, showed a sharp slump. The most prominent rate of growth was recorded in 2018 when exports increased by 391% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports rose slightly to $X in 2022. In general, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2018 when exports increased by 468%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X kg) was the main destination for phosphinates and phosphonates exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to -35.8%.

In value terms, Haiti ($X) also remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at -33.8%.

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, waning by -9.6% against the previous year. In general, the export price, however, posted a notable increase. The pace of growth was the most pronounced in 2019 an increase of 116% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +3.2% per year.

Phosphinates And Phosphonates Imports

Imports into the Dominican Republic

After two years of decline, overseas purchases of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 196% to X tons in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 970%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports surged to $X in 2022. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 985%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), the United States (X tons) and Costa Rica (X tons) were the main suppliers of phosphinates and phosphonates imports to the Dominican Republic, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +1.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest phosphinates and phosphonates suppliers to the Dominican Republic were Spain ($X), the United States ($X) and Mexico ($X), together comprising 87% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +5.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, waning by -7.6% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. The import price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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