Dominican Republic: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in the Dominican Republic

The Dominican polyphenols and phenol-alcohols market amounted to $X in 2022, surging by 3% against the previous year. Over the period under review, consumption, however, recorded a slight downturn. Polyphenols and phenol-alcohols consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Production in the Dominican Republic

In value terms, polyphenols and phenol-alcohols production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 28%. Polyphenols and phenol-alcohols production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from the Dominican Republic

In 2021, shipments abroad of polyphenols and phenol-alcohols decreased by 0% to X tons, falling for the second year in a row after two years of decline. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyphenols and phenol-alcohols exports stood at $X in 2021. In general, exports recorded a tangible increase. The growth pace was the most rapid in 2017 with an increase of 1.8%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Haiti (X tons) was the main destination for polyphenols and phenol-alcohols exports from the Dominican Republic, accounting for a 87% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Haiti exceeded the volume sent to the second major destination, Aruba (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to +28.0%.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled +9.8%.

Export Prices by Country

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price decreased by -12.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Aruba stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-14.3%).

Polyphenols And Phenol-Alcohols Imports

Imports into the Dominican Republic

For the sixth consecutive year, the Dominican Republic recorded growth in supplies from abroad of polyphenols and phenol-alcohols, which increased by 20% to X tons in 2022. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 128% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, polyphenols and phenol-alcohols imports surged to $X in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 139% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X tons), Russia (X tons) and China (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to the Dominican Republic, together comprising 75% of total imports. India, the United States, Germany and Japan lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +57.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of polyphenols and phenol-alcohols to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+38.6% per year) and Russia (+24.5% per year).

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, shrinking by -4.3% against the previous year. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 47%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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