Report Update Nov 1, 2024

Dominican Republic - Urea Resins and Thiourea Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Urea Resins And Thiourea Resins In Primary Forms 2024

Market Size for Urea Resins And Thiourea Resins In Primary Forms in the Dominican Republic

In 2022, the Dominican urea and thiourea resins market was finally on the rise to reach $X after three years of decline. In general, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports from the Dominican Republic

In 2022, approx. X tons of urea resins and thiourea resins in primary forms were exported from the Dominican Republic; with an increase of 77% on 2021 figures. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, urea and thiourea resins exports surged to $X in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for urea and thiourea resins exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +119.1%.

In value terms, Haiti ($X) also remains the key foreign market for urea resins and thiourea resins in primary forms exports from the Dominican Republic.

From 2015 to 2022, the average annual rate of growth in terms of value to Haiti stood at +124.5%.

Export Prices by Country

In 2022, the average urea and thiourea resins export price amounted to $X per ton, with an increase of 4.9% against the previous year. Over the period under review, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2015 to 2022, the rate of growth in terms of prices for Haiti amounted to +2.5% per year.

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports into the Dominican Republic

Urea and thiourea resins imports into the Dominican Republic dropped to X tons in 2022, shrinking by -10.6% against 2021. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 279%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, urea and thiourea resins imports skyrocketed to $X in 2022. Overall, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2013 when imports increased by 279%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of urea and thiourea resins to the Dominican Republic, accounting for a 64% share of total imports. Moreover, urea and thiourea resins imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.1% per year) and Norway (+2.7% per year).

In value terms, the United States ($X) constituted the largest supplier of urea resins and thiourea resins in primary forms to the Dominican Republic, comprising 84% of total imports. The second position in the ranking was taken by Mexico ($X), with a 10% share of total imports. It was followed by Norway, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.5% per year) and Norway (+13.2% per year).

Import Prices by Country

In 2022, the average urea and thiourea resins import price amounted to $X per ton, increasing by 36% against the previous year. Overall, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 64% against the previous year. The import price peaked in 2022 and is likely to continue 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 United States ($X per ton), while the price for Mexico ($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 United States (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for urea resins and thiourea resins in primary forms in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 42% share of global consumption. Russia, Japan, Brazil, Indonesia, Mexico, Germany, Poland, Turkey, Canada and Iran lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of urea resins and thiourea resins in primary forms in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 42% share of global production.

What are the leading suppliers of urea resins and thiourea resins in primary forms to the Dominican Republic?

In value terms, Qatar, China and the United States constituted the largest urea and thiourea resins suppliers to the Dominican Republic, with a combined 79% share of total imports.

What are the leading importers of urea resins and thiourea resins in primary forms from the Dominican Republic?

In value terms, the United States $326) remains the key foreign market for urea and thiourea resins exports from the Dominican Republic.

What is the average export price for urea resins and thiourea resins in primary forms in the Dominican Republic?

In 2021, the average urea and thiourea resins export price amounted to $1,185 per ton, shrinking by -17.5% against the previous year.

What is the average import price for urea resins and thiourea resins in primary forms in the Dominican Republic?

The average urea and thiourea resins import price stood at $3,046 per ton in 2021, rising by 2.8% against the previous year.

This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, in primary forms

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