Report Update Nov 1, 2024

Dominican Republic - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in the Dominican Republic

In 2022, the Dominican sulphuric acid market increased by 15% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Sulphuric Acid Exports

Exports from the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in overseas shipments of sulphuric acid and oleum, which increased by 893% to X tons in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,578% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for sulphuric acid exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +338.6%.

In value terms, the United States ($X) also remains the key foreign market for sulphuric acid and oleum exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +255.5%.

Export Prices by Country

In 2022, the average sulphuric acid export price amounted to $X per ton, increasing by 66% against the previous year. In general, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 550% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to -4.6% per year.

Sulphuric Acid Imports

Imports into the Dominican Republic

In 2022, approx. X tons of sulphuric acid and oleum were imported into the Dominican Republic; jumping by 30% against the previous year's figure. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2016 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphuric acid imports surged to $X in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2018 with an increase of 183%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main supplier of sulphuric acid to the Dominican Republic, with a 90% share of total imports. Moreover, sulphuric acid imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.4% per year) and Spain (-40.2% per year).

In value terms, the United States ($X) constituted the largest supplier of sulphuric acid and oleum to the Dominican Republic, comprising 86% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.5% per year) and Spain (-46.8% per year).

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, rising by 62% against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 114%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphuric acid and oleum in the world?

China constituted the country with the largest volume of sulphuric acid consumption, accounting for 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 9.3% share.

What are the largest producers of sulphuric acid and oleum in the world?

The country with the largest volume of sulphuric acid production was China, comprising approx. 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 9.9% share.

What are the leading suppliers of sulphuric acid and oleum to the Dominican Republic?

In value terms, the largest sulphuric acid suppliers to the Dominican Republic were Colombia, Spain and the Netherlands, together accounting for 86% of total imports.

What are the leading importers of sulphuric acid and oleum from the Dominican Republic?

In value terms, the United States emerged as the key foreign market for sulphuric acid exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was occupied by Haiti, with a 13% share of total exports.

What is the average export price for sulphuric acid and oleum in the Dominican Republic?

In 2021, the average sulphuric acid export price amounted to $322 per ton, with a decrease of -24.5% against the previous year.

What is the average import price for sulphuric acid and oleum in the Dominican Republic?

The average sulphuric acid import price stood at $230 per ton in 2021, picking up by 23% against the previous year.

This report provides an in-depth analysis of the sulphuric acid market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023