Carbonates; Potassium Carbonate Price in the Dominican Republic - 2023
Contents:
- Carbonates; Potassium Carbonate Price in the Dominican Republic (CIF) - 2022
- Carbonates; Potassium Carbonate Imports in the Dominican Republic
Carbonates; Potassium Carbonate Price in the Dominican Republic (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $1,244 per ton in 2022, declining by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19%. The import price peaked at $1,284 per ton in 2021, and then dropped modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,967 per ton), while the price for South Korea ($684 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Imports in the Dominican Republic
Carbonates; potassium carbonate imports into the Dominican Republic declined sharply to 98 tons in 2022, shrinking by -21.6% against 2021. In general, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of 125 tons, and then fell rapidly in the following year.
In value terms, carbonates; potassium carbonate imports contracted notably to $122K in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 93%. As a result, imports attained the peak of $161K, and then shrank rapidly in the following year.
| Import of Carbonates; Potassium Carbonate in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.1 | 11.5 | 22.6 | 19.4 | 47.1% |
| Spain | 3.7 | 18.8 | 34.6 | 17.4 | 67.5% |
| Russia | 26.1 | 16.0 | 10.5 | 15.8 | -15.4% |
| United States | 37.8 | 12.3 | 38.5 | 8.7 | -38.7% |
| China | 4.3 | 15.6 | 7.7 | 7.3 | 19.3% |
| South Korea | 6.4 | 9.0 | 9.6 | 6.9 | 2.5% |
| Others | 6.1 | 0.1 | 37.4 | 46.7 | 97.1% |
| Total | 90.3 | 83.3 | 161 | 122 | 10.5% |
Top Suppliers of Carbonates; Potassium Carbonate to the Dominican Republic in 2022:
- Russia (19.1 tons)
- Italy (16.5 tons)
- United States (10.1 tons)
- South Korea (10.1 tons)
- Spain (8.8 tons)
- China (6.6 tons)
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