Dominican Republic: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in the Dominican Republic

The Dominican silicon dioxide market surged to $X in 2021, increasing by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Silicon Dioxide Exports

Exports from the Dominican Republic

In 2021, the amount of silicon dioxide exported from the Dominican Republic reduced dramatically to X tons, which is down by -15.6% on the year before. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 1,749% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, silicon dioxide exports declined remarkably to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,423% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for silicon dioxide exports from the Dominican Republic, accounting for a 92% share of total exports. It was followed by Saint Lucia (X kg), with a 2.7% share of total exports. The third position in this ranking was taken by Jamaica (X kg), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (-84.4% per year) and Jamaica (+4.6% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for silicon dioxide exports from the Dominican Republic, comprising 84% of total exports. The second position in the ranking was held by Saint Lucia ($X), with a 5.8% share of total exports. It was followed by Guatemala, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (-66.1% per year) and Guatemala (+18.8% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, with a decrease of -40.5% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 95% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Guatemala ($X per ton), while the average price for exports to Haiti ($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 Saint Lucia (+117.8%), while the prices for the other major destinations experienced mixed trend patterns.

Silicon Dioxide Imports

Imports into the Dominican Republic

Silicon dioxide imports into the Dominican Republic surged to X tons in 2021, with an increase of 67% against the previous year's figure. In general, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 79%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, silicon dioxide imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 when imports increased by 32%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main suppliers of silicon dioxide imports to the Dominican Republic, with a combined 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of silicon dioxide to the Dominican Republic, comprising 35% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+3.5% per year) and China (+12.0% per year).

Import Prices by Country

In 2021, the average silicon dioxide import price amounted to $X per ton, dropping by -30.8% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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