Report Update Nov 1, 2024

Dominican Republic - Phthalic Anhydride, Terephthalic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in the Dominican Republic

The Dominican market for phthalic anhydride, terephthalic acid and its salts skyrocketed to $X in 2021, jumping by 112% 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). Overall, consumption saw a mild expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from the Dominican Republic

In 2020, after three years of decline, there was decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, when their volume decreased by 0% to X tons. In general, exports saw a relatively flat trend pattern. The smallest decline of -90% was in 2017. The exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, phthalic anhydride and terephthalic acid exports amounted to $X in 2020. Over the period under review, exports showed a mild setback. The smallest decline of -87.5% was in 2017. The exports peaked at $X in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2016 to 2020, the average annual growth rate of volume to Guatemala stood at +115.4%.

From 2016 to 2020, the average annual rate of growth in terms of value to Guatemala totaled +95.8%.

Export Prices by Country

In 2020, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a mild descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2020, 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 Guatemala.

From 2016 to 2020, the rate of growth in terms of prices for Guatemala amounted to -9.1% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into the Dominican Republic

In 2021, approx. X tons of phthalic anhydride, terephthalic acid and its salts were imported into the Dominican Republic; growing by 76% on the previous year's figure. Overall, imports saw a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Mexico (X tons) and Brazil (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to the Dominican Republic, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +262.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phthalic anhydride and terephthalic acid suppliers to the Dominican Republic were Russia ($X), Mexico ($X) and Brazil ($X), together accounting for 93% of total imports.

Among the main suppliers, Russia, with a CAGR of +307.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, growing by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and Germany ($X per ton), while the price for Mexico ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phthalic anhydride, terephthalic acid and its salts in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 39% share of global consumption. Pakistan, Turkey, Taiwan Chinese), Russia, Brazil, South Korea, Indonesia, Mexico, Vietnam and Oman lagged somewhat behind, together comprising a further 31%.

What are the largest producers of phthalic anhydride, terephthalic acid and its salts in the world?

China constituted the country with the largest volume of phthalic anhydride and terephthalic acid production, accounting for 22% of total volume. Moreover, phthalic anhydride and terephthalic acid production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of phthalic anhydride, terephthalic acid and its salts to the Dominican Republic?

In value terms, Brazil constituted the largest supplier of phthalic anhydride and terephthalic acid to the Dominican Republic, comprising 93% of total imports. The second position in the ranking was occupied by Mexico, with a 7.3% share of total imports.

What is the average export price for phthalic anhydride, terephthalic acid and its salts in the Dominican Republic?

In 2020, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $915 per ton, remaining constant against the previous year.

What is the average import price for phthalic anhydride, terephthalic acid and its salts in the Dominican Republic?

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,164 per ton in 2021, falling by -3.8% against the previous year.

This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023