Dominican Republic: Organic Pigments Market 2025

Organic Pigments Market Size in the Dominican Republic

In 2021, after two years of decline, there was significant growth in the Dominican organic pigments market, when its value increased by 17% to $X. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Organic Pigments Production in the Dominican Republic

In value terms, organic pigments production totaled $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Organic Pigments Exports

Exports from the Dominican Republic

In 2021, overseas shipments of synthetic organic coloring matter and pigments increased by 532% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments exports surged to $X in 2021. Overall, exports recorded modest growth. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for organic pigments exports from the Dominican Republic, accounting for a 29% share of total exports. Moreover, organic pigments exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold. The third position in this ranking was taken by Haiti (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +66.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+57.1% per year) and Haiti (+209.7% per year).

In value terms, the United States ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from the Dominican Republic, comprising 49% of total exports. The second position in the ranking was held by Haiti ($X), with a 9.4% share of total exports. It was followed by Mexico, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +401.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+160.2% per year) and Mexico (+59.0% per year).

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, which is down by -28.8% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 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, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Vietnam ($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 Ecuador (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of synthetic organic coloring matter and pigments, when their volume increased by 74% to X tons. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 262% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, organic pigments imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

The United States (X tons), India (X tons) and Honduras (X tons) were the main suppliers of organic pigments imports to the Dominican Republic, together accounting for 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to the Dominican Republic were the United States ($X), India ($X) and Honduras ($X), together accounting for 66% of total imports.

Honduras, with a CAGR of +34.1%, 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 organic pigments import price amounted to $X per ton, waning by -19.3% against the previous year. In general, the import price recorded a precipitous decrease. The pace of growth was the most pronounced in 2014 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Colombia ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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