Dominican Republic: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in the Dominican Republic

In 2022, the Dominican propyl and isopropyl alcohol market decreased by -46.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a pronounced expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then declined sharply in the following year.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from the Dominican Republic

In 2022, shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -63.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 114% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports dropped dramatically to $X in 2022. In general, exports, however, posted a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 123% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X tons), Jamaica (X tons) and the United States (X tons) were the main destinations of propyl and isopropyl alcohol exports from the Dominican Republic, together accounting for 90% of total exports. Guyana and Haiti lagged somewhat behind, together comprising a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +9.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X), the United States ($X) and Jamaica ($X) constituted the largest markets for propyl and isopropyl alcohol exported from the Dominican Republic worldwide, with a combined 92% share of total exports. Guyana and Haiti lagged somewhat behind, together accounting for a further 8.4%.

Guyana, with a CAGR of +5.6%, 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 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, increasing by 32% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 66%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 ($X per ton), while the average price for exports to Haiti ($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 Guatemala (+82.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into the Dominican Republic

In 2022, after two years of growth, there was significant decline in purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -41.8% to X tons. In general, imports, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 188%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, propyl and isopropyl alcohol imports fell dramatically to $X in 2022. Overall, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 163%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest propyl and isopropyl alcohol supplier to the Dominican Republic, accounting for a 59% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by South Africa (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.7% per year) and South Africa (+32.0% per year).

In value terms, the United States ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to the Dominican Republic, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by South Africa, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.7% per year) and South Africa (+33.7% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, declining by -18.4% against the previous year. In general, the import price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 an increase of 127% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the Czech Republic ($X per ton), while the price for South Africa ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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