Dominican Republic: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in the Dominican Republic

In 2022, the Dominican saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a prominent increase. Saturated acyclic monocarboxylic acids consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from the Dominican Republic

In 2022, approx. X tons of saturated acyclic monocarboxylic acids were exported from the Dominican Republic; with a decrease of X% on 2021. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports soared to $X in 2022. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Haiti (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from the Dominican Republic, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X tons), threefold. The third position in this ranking was held by Guatemala (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Guatemala (X% per year).

In value terms, Haiti ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Jamaica ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed temperate growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Jamaica ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into the Dominican Republic

In 2022, the amount of saturated acyclic monocarboxylic acids imported into the Dominican Republic fell slightly to X tons, waning by X% compared with 2021 figures. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids imports skyrocketed to $X in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to the Dominican Republic, with a combined X% share of total imports. India, South Korea, the Netherlands, Belgium, Brazil, Turkey, Russia, Germany, the UK and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to the Dominican Republic were the United States ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports. Malaysia, Belgium, South Korea, Brazil, India, Russia, Turkey, Germany, the UK and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price 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, saturated acyclic monocarboxylic acids import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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