Dominican Republic - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in the Dominican Republic - 2023
Contents:
- Isocyanates Price in the Dominican Republic (CIF) - 2023
- Isocyanates Price in the Dominican Republic (FOB) - 2022
- Isocyanates Imports in the Dominican Republic
- Isocyanates Exports in the Dominican Republic
Isocyanates Price in the Dominican Republic (CIF) - 2023
In March 2023, the average isocyanates import price amounted to $2,798 per ton, surging by 4.4% against the previous month. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 16% against the previous month. The import price peaked at $3,808 per ton in September 2022; however, from October 2022 to March 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the highest price was recorded for prices from Panama ($3,228 per ton) and the United States ($3,158 per ton), while the price for China ($2,570 per ton) and South Korea ($2,609 per ton) were amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.
Isocyanates Price in the Dominican Republic (FOB) - 2022
The average isocyanates export price stood at $4,000 per ton in 2022, rising by 21% against the previous year. In general, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 136% against the previous year. As a result, the export price reached the peak level of $5,643 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +5.9% per year.
Isocyanates Imports in the Dominican Republic
In 2022, purchases abroad of isocyanates decreased by -10.5% to 5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year.
In value terms, isocyanates imports expanded significantly to $17M in 2022. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Isocyanates in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.1 | 5.2 | 7.9 | 8.7 | 12.6% |
China | N/A | N/A | 0.1 | 2.6 | 2500.0% |
Panama | 0.4 | 1.2 | 2.9 | 2.2 | 76.5% |
South Korea | 0.3 | 0.6 | 2.2 | 2.1 | 91.3% |
Germany | 0.5 | 0.6 | 0.9 | 0.6 | 6.3% |
Mexico | 2.2 | 0.9 | 0.9 | 0.4 | -43.3% |
Belgium | N/A | N/A | N/A | 0.3 | 0% |
Singapore | N/A | 0.2 | 0.5 | 0.1 | -29.3% |
Others | 0.9 | 0.8 | 0.8 | N/A | -5.7% |
Total | 10.4 | 9.5 | 16.2 | 17.1 | 18.0% |
Top Suppliers of Isocyanates to the Dominican Republic in 2022:
- United States (2670.9 tons)
- China (785.7 tons)
- South Korea (641.9 tons)
- Panama (522.3 tons)
- Germany (172.0 tons)
- Mexico (102.0 tons)
- Belgium (80.0 tons)
- Singapore (20.0 tons)
Isocyanates Exports in the Dominican Republic
In 2022, overseas shipments of isocyanates decreased by 99.9% to 7 kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 19%. As a result, the exports attained the peak of 64 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, isocyanates exports declined markedly to $28 in 2022. In general, exports showed a sharp descent. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. As a result, the exports reached the peak of $131K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Isocyanates in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 12.3 | 24.5 | 14.1 | N/A | 7.1% |
Colombia | 10.8 | N/A | N/A | N/A | 0% |
Trinidad and Tobago | N/A | 3.8 | N/A | N/A | 0% |
United States | 26.2 | 30.2 | 23.6 | N/A | -5.1% |
Saint Lucia | 6.8 | N/A | N/A | N/A | 0% |
Honduras | N/A | 4.2 | N/A | N/A | 0% |
Jamaica | 61.1 | 68.7 | 52.1 | N/A | -7.7% |
Others | 0.3 | N/A | 0.5 | N/A | 29.1% |
Total | 117 | 131 | 90.3 | N/A | -12.1% |
Top Export Markets for Isocyanates from the Dominican Republic in 2022:
- Haiti (7.0 kg)
This report provides an in-depth analysis of the isocyanates 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 20144450 - Isocyanates
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the isocyanates market in the Dominican Republic.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in the Dominican Republic.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
This report provides an in-depth analysis of the isocyanates market in the Dominican Republic.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in the Dominican Republic.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
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