Dominican Republic: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in the Dominican Republic

In 2021, the Dominican market for refractory products of siliceous or diatomite earths was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Refractory Products of Siliceous or Diatomite Earths in the Dominican Republic

In value terms, production of refractory products of siliceous or diatomite earths stood at $X in 2021 estimated in export price. In general, production showed a measured increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 177%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from the Dominican Republic

In 2021, shipments abroad of refractory products of siliceous or diatomite earths was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 26,399% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 6,567% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X tons) and Bahamas (X tons) were the main destinations of exports of refractory products of siliceous or diatomite earths from the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +15.8%).

In value terms, the United States ($X) and Bahamas ($X) were the largest markets for refractory products of siliceous or diatomite earths exported from the Dominican Republic worldwide.

The United States, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for refractory products of siliceous or diatomite earths amounted to $X per ton, dropping by -24.9% against the previous year. In general, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 250%. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.6%).

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into the Dominican Republic

In 2021, purchases abroad of refractory products of siliceous or diatomite earths decreased by -98.7% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2016 with an increase of 390% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths declined rapidly to $X in 2021. In general, imports saw a precipitous decline. The growth pace was the most rapid in 2016 when imports increased by 592% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X kg) constituted the largest refractory products of siliceous or diatomite earths supplier to the Dominican Republic, with a 28% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from South Korea exceeded the figures recorded by the second-largest supplier, Colombia (X kg), threefold. The third position in this ranking was taken by France (X kg), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to -21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-1.4% per year) and France (-20.8% per year).

In value terms, France ($X), South Korea ($X) and Colombia ($X) constituted the largest refractory products of siliceous or diatomite earths suppliers to the Dominican Republic, with a combined 57% share of total imports. These countries were followed by Panama and Spain, which together accounted for a further 7.1%.

Panama, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, dropping by -59.5% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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