Dominican Republic: Sulphonamides Market 2024

Sulphonamides Market Size in the Dominican Republic

In 2021, the Dominican sulphonamides market increased by 4.4% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a noticeable curtailment. Sulphonamides consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Sulphonamides Exports

Exports from the Dominican Republic

In 2021, overseas shipments of sulphonamides increased by 142% to X kg, rising for the fourth year in a row after two years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 4,967%. As a result, the exports attained the peak of X kg. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, sulphonamides exports surged to $X in 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 2,874%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Barbados (X kg) was the main destination for sulphonamides exports from the Dominican Republic, with a 76% share of total exports. Moreover, sulphonamides exports to Barbados exceeded the volume sent to the second major destination, Costa Rica (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Barbados was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (0.0% per year) and El Salvador (0.0% per year).

In value terms, Barbados ($X) emerged as the key foreign market for sulphonamides exports from the Dominican Republic, comprising 74% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 19% share of total exports. It was followed by El Salvador, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Barbados was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+553.4% per year) and El Salvador (+38.5% per year).

Export Prices by Country

In 2021, the average sulphonamides export price amounted to $X per ton, shrinking by -21.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 198%. 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.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Guatemala ($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 El Salvador (-5.6%), while the prices for the other major destinations experienced a decline.

Sulphonamides Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in purchases abroad of sulphonamides, which decreased by -11.7% to X tons in 2021. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 334%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, sulphonamides imports expanded significantly to $X in 2021. Overall, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 371%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Guatemala (X tons) and Mexico (X kg) were the main suppliers of sulphonamides imports to the Dominican Republic, together comprising 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +3.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest sulphonamides suppliers to the Dominican Republic were China ($X), Guatemala ($X) and Mexico ($X), together accounting for 52% of total imports.

Mexico, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sulphonamides import price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphonamides import price increased by +20.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 29%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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