Dominican Republic: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in the Dominican Republic

The Dominican pigments, opacifiers and colours market was estimated at $X in 2022, standing approx. at the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 -1.8% against 2020 indices. Pigments, opacifiers and colours consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in the Dominican Republic

In value terms, pigments, opacifiers and colours production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 37%. Pigments, opacifiers and colours production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from the Dominican Republic

In 2022, overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -31% to X tons, falling for the second consecutive year after four years of growth. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 189%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports dropped significantly to $X in 2022. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 376% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for pigments, opacifiers and colours exports from the Dominican Republic, with a 68% share of total exports. Moreover, pigments, opacifiers and colours exports to Haiti exceeded the volume sent to the second major destination, Trinidad and Tobago (X kg), twofold.

From 2014 to 2022, the average annual growth rate of volume to Haiti stood at -5.3%.

In value terms, Haiti ($X) remains the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from the Dominican Republic, comprising 77% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with a 23% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Haiti totaled +8.5%.

Export Prices by Country

In 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, growing by 3% against the previous year. In general, the export price recorded prominent growth. The growth pace was the most rapid in 2016 when the average export price increased by 179% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Trinidad and Tobago totaled $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into the Dominican Republic

In 2022, overseas purchases of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -53.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 536% against the previous year. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, pigments, opacifiers and colours imports declined dramatically to $X in 2022. Overall, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 633% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of pigments, opacifiers and colours to the Dominican Republic, accounting for a 72% share of total imports. Moreover, pigments, opacifiers and colours imports from Mexico exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.3% per year) and the United States (-6.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to the Dominican Republic, comprising 71% of total imports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total imports. It was followed by Switzerland, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.9% per year) and Switzerland (+68.9% per year).

Import Prices by Country

In 2022, the average pigments, opacifiers and colours import price amounted to $X per ton, growing by 7.7% against the previous year. In general, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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