Report Update Nov 1, 2024

Dominican Republic - Toluene - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Toluene Market 2024

Toluene Market Size in the Dominican Republic

The Dominican toluene market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Toluene Exports

Exports from the Dominican Republic

In 2021, overseas shipments of toluene were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 353% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, toluene exports surged to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 363%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Jamaica (X tons), the United States (X tons) and Trinidad and Tobago (X tons) were the main destinations of toluene exports from the Dominican Republic, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of -0.0%), while the other leaders experienced a decline.

In value terms, Jamaica ($X), the United States ($X) and Trinidad and Tobago ($X) appeared to be the largest markets for toluene exported from the Dominican Republic worldwide, together comprising 99% of total exports.

Jamaica, with a CAGR of -1.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average toluene export price amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the export price, however, showed a mild descent. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to the United States ($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 Jamaica (-1.4%), while the prices for the other major destinations experienced a decline.

Toluene Imports

Imports into the Dominican Republic

In 2021, after four years of decline, there was significant growth in supplies from abroad of toluene, when their volume increased by 48% to X tons. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 74%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, toluene imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of toluene imports to the Dominican Republic, together comprising 95% of total imports. These countries were followed by the Netherlands, which accounted for a further 3.7%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest toluene suppliers to the Dominican Republic were Spain ($X), the United States ($X) and Colombia ($X), with a combined 93% share of total imports. The Netherlands lagged somewhat behind, accounting for a further 5.6%.

Among the main suppliers, the Netherlands, with a CAGR of +20.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average toluene import price stood at $X per ton in 2021, growing by 42% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The import price peaked at $X per ton in 2012; however, from 2013 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 the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Japan, Taiwan Chinese), Brazil, Germany, Russia, the UK, Italy, South Korea, Iran and Spain, which together accounted for a further 29%.

What are the largest producers of toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 44% share of global production. These countries were followed by India, Germany, Brazil, Taiwan Chinese), Thailand, Russia, the UK, Italy, Singapore and Spain, which together accounted for a further 33%.

What are the leading suppliers of toluene to the Dominican Republic?

In value terms, the largest toluene suppliers to the Dominican Republic were Spain, the United States and Colombia, with a combined 94% share of total imports. The Netherlands lagged somewhat behind, accounting for a further 4.3%.

What are the leading importers of toluene from the Dominican Republic?

In value terms, the United States remains the key foreign market for toluene exports from the Dominican Republic, comprising 41% of total exports. The second position in the ranking was occupied by Trinidad and Tobago, with a 20% share of total exports. It was followed by Guatemala, with a 14% share.

What is the average export price for toluene in the Dominican Republic?

In 2021, the average toluene export price amounted to $1,199 per ton, growing by 21% against the previous year.

What is the average import price for toluene in the Dominican Republic?

The average toluene import price stood at $889 per ton in 2021, picking up by 28% against the previous year.

This report provides an in-depth analysis of the toluene 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 20141225 - Toluene

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
Find deeper insights into current market developments
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