Dominican Republic: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in the Dominican Republic

In 2022, the Dominican polycarboxylic acid market increased by 1.7% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, posted a tangible increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Polycarboxylic Acid Exports

Exports from the Dominican Republic

In 2022, the amount of polycarboxylic acids exported from the Dominican Republic reduced remarkably to X tons, with a decrease of -37.4% compared with 2021. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 5,227% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polycarboxylic acid exports amounted to $X in 2022. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2013 with an increase of 985%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Costa Rica (X tons), Jamaica (X tons) and Haiti (X tons) were the main destinations of polycarboxylic acid exports from the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +51.7%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) remains the key foreign market for polycarboxylic acids exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was held by Jamaica ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica totaled +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+66.9% per year) and Haiti (+32.1% per year).

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, rising by 75% against the previous year. Overall, the export price, however, showed a perceptible reduction. The growth pace was the most rapid in 2014 when the average export price increased by 701% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Haiti ($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 Jamaica (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into the Dominican Republic

In 2022, purchases abroad of polycarboxylic acids decreased by -23.6% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 49% against the previous year. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, polycarboxylic acid imports surged to $X in 2022. Overall, imports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2021 when imports increased by 96%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of polycarboxylic acid imports to the Dominican Republic, together accounting for 67% of total imports. South Korea, Mexico, Panama, Colombia and Russia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +93.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and China ($X) were the largest polycarboxylic acid suppliers to the Dominican Republic, with a combined 69% share of total imports. South Korea, Mexico, Panama, Colombia and Russia lagged somewhat behind, together comprising a further 27%.

Panama, with a CAGR of +101.9%, 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

The average polycarboxylic acid import price stood at $X per ton in 2022, growing by 52% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price 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, polycarboxylic acid import price increased by +109.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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