Dominican Republic: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in the Dominican Republic

In 2022, the Dominican prepared culture media market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Prepared Culture Media Exports

Exports from the Dominican Republic

In 2022, approx. X kg of prepared culture media for development of micro-organisms were exported from the Dominican Republic; increasing by X% compared with 2021. Overall, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prepared culture media exports fell dramatically to $X in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X kg) was the main destination for prepared culture media exports from the Dominican Republic, with a X% share of total exports. Moreover, prepared culture media exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to X%.

In value terms, the United States ($X) and Haiti ($X) were the largest markets for prepared culture media exported from the Dominican Republic worldwide.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average prepared culture media export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Culture Media Imports

Imports into the Dominican Republic

In 2022, after four years of growth, there was significant decline in overseas purchases of prepared culture media for development of micro-organisms, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, prepared culture media imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period 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 imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest prepared culture media supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, prepared culture media imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Spain (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared culture media for development of micro-organisms to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

The average prepared culture media import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood 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 the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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