Report Update Nov 1, 2024

Dominican Republic - Prepared Additives for Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Lubricant Additives Market 2024

Lubricant Additives Market Size in the Dominican Republic

In 2021, the Dominican lubricant additives market increased by 276% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lubricant Additives Exports

Exports from the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in overseas shipments of prepared additives for mineral oils, which increased by 62% to X tons in 2021. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 197%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, lubricant additives exports surged to $X in 2021. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 221%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Jamaica (X tons), Haiti (X tons) and Vietnam (X tons) were the main destinations of lubricant additives exports from the Dominican Republic, together accounting for 54% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +101.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricant additives exported from the Dominican Republic were Haiti ($X), Jamaica ($X) and Vietnam ($X), with a combined 65% share of total exports.

Jamaica, with a CAGR of +100.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lubricant additives export price amounted to $X per ton, with a decrease of -5.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 84% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in overseas purchases of prepared additives for mineral oils, when their volume increased by 300% to X tons. Overall, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives imports surged to $X in 2021. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest lubricant additives supplier to the Dominican Republic, with a 60% share of total imports. Moreover, lubricant additives imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. The third position in this ranking was taken by France (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+26.6% per year) and France (+44.1% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared additives for mineral oils to the Dominican Republic, comprising 65% of total imports. The second position in the ranking was taken by France ($X), with an 8.7% share of total imports. It was followed by Mexico, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+36.8% per year) and Mexico (+21.8% per year).

Import Prices by Country

The average lubricant additives import price stood at $X per ton in 2021, waning by -9.2% against the previous year. Overall, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2015 when the average import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average 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 the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared additives for mineral oils in the world?

The countries with the highest volumes of lubricant additives consumption in 2021 were China, India and France, together comprising 42% of global consumption. These countries were followed by the United States, Italy, Germany, Brazil, Belgium, Russia, Japan, Mexico and South Korea, which together accounted for a further 34%.

What are the largest producers of prepared additives for mineral oils in the world?

The countries with the highest volumes of lubricant additives production in 2021 were China, the United States and France, together accounting for 50% of global production. These countries were followed by India, Italy, Germany, Singapore, Brazil, Belgium, Russia and Japan, which together accounted for a further 40%.

What are the leading suppliers of prepared additives for mineral oils to the Dominican Republic?

In value terms, the United States constituted the largest supplier of lubricant additives to the Dominican Republic, comprising 51% of total imports. The second position in the ranking was occupied by France, with a 13% share of total imports. It was followed by Germany, with an 8.8% share.

What are the leading importers of prepared additives for mineral oils from the Dominican Republic?

In value terms, the largest markets for lubricant additives exported from the Dominican Republic were Haiti, Jamaica and the United States, with a combined 85% share of total exports.

What is the average export price for prepared additives for mineral oils in the Dominican Republic?

The average lubricant additives export price stood at $3,104 per ton in 2021, waning by -12.1% against the previous year.

What is the average import price for prepared additives for mineral oils in the Dominican Republic?

In 2021, the average lubricant additives import price amounted to $3,380 per ton, waning by -12.8% against the previous year.

This report provides an in-depth analysis of the lubricant additives market 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 20594250 - Anti-knock preparations
Prodcom 20594270 - Additives for lubricating oils
Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

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
Find deeper insights into current market developments
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