Dominican Republic: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in the Dominican Republic

The Dominican fluorescent brightening agents market fell sharply to $X in 2022, with a decrease of -49.5% 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). In general, consumption continues to indicate a abrupt downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from the Dominican Republic

In 2022, overseas shipments of synthetic organic products used as fluorescent brightening agents increased by 36% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 13,688%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, fluorescent brightening agents exports surged to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 124,174%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Honduras (X tons) was the main destination for fluorescent brightening agents exports from the Dominican Republic, with a 92% share of total exports. Moreover, fluorescent brightening agents exports to Honduras exceeded the volume sent to the second major destination, Turks and Caicos Islands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Honduras amounted to -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+15.9% per year) and Haiti (+5.1% per year).

In value terms, Honduras ($X) emerged as the key foreign market for synthetic organic products used as fluorescent brightening agents exports from the Dominican Republic, comprising 97% of total exports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Honduras amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+15.4% per year) and Haiti (-15.8% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, shrinking by -13.9% against the previous year. Over the period under review, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 801% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+11.5%), while the prices for the other major destinations experienced a decline.

Fluorescent Brightening Agents Imports

Imports into the Dominican Republic

In 2022, the amount of synthetic organic products used as fluorescent brightening agents imported into the Dominican Republic fell remarkably to X tons, which is down by -49.4% on 2021. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 193%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fluorescent brightening agents imports fell dramatically to $X in 2022. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 149%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main suppliers of fluorescent brightening agents imports to the Dominican Republic, with a combined 69% share of total imports. Costa Rica, Spain, Mexico and Colombia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +195.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.4% per year) and Spain (+223.6% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fluorescent brightening agents import price decreased by -20.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 78% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 China ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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