Dominican Republic: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in the Dominican Republic

The Dominican potassium chloride (MOP) market rose rapidly to $X in 2022, growing by 11% 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). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Potassium Chloride (Mop) Exports

Exports from the Dominican Republic

In 2022, the amount of potassium chloride (MOP) exported from the Dominican Republic fell to X tons, waning by -12.2% against the previous year. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when exports increased by 75%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 170%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Guyana (X tons) was the main destination for potassium chloride (MOP) exports from the Dominican Republic, with a 98% share of total exports. It was followed by the United States (X tons), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Guyana stood at +44.8%.

In value terms, Guyana ($X) remains the key foreign market for potassium chloride (MOP) exports from the Dominican Republic, comprising 95% of total exports. The second position in the ranking was held by the United States ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Guyana amounted to +92.2%.

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 112% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guyana amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+50.6%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into the Dominican Republic

Potassium chloride (MOP) imports into the Dominican Republic skyrocketed to X tons in 2022, rising by 37% on the year before. In general, imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2018 when imports increased by 150%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports fell slightly to $X in 2022. Over the period under review, imports, however, recorded a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 178%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of potassium chloride (MOP) to the Dominican Republic, with a 96% share of total imports. It was followed by Germany (X tons), with a 2.9% share of total imports. Russia (X tons) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.8% per year) and Russia (-20.2% per year).

In value terms, the United States ($X) constituted the largest supplier of potassium chloride (MOP) to the Dominican Republic, comprising 88% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.8% share of total imports. It was followed by Russia, with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+45.3% per year) and Russia (-24.7% per year).

Import Prices by Country

The average potassium chloride (MOP) import price stood at $X per ton in 2022, declining by -28.6% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :