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Dominican Republic - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHerbicide Price in the Dominican Republic - 2023
Contents:
- Herbicide Price in the Dominican Republic (CIF) - 2023
- Herbicide Price in the Dominican Republic (FOB) - 2023
- Herbicide Imports in the Dominican Republic
- Herbicide Exports in the Dominican Republic
Herbicide Price in the Dominican Republic (CIF) - 2023
In March 2023, the average herbicide import price amounted to $6,829 per ton, surging by 40% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 62% m-o-m. As a result, import price reached the peak level of $14,352 per ton. From July 2022 to March 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Colombia ($43,236 per ton), while the price for Malaysia ($3,911 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Guatemala (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Herbicide Price in the Dominican Republic (FOB) - 2023
The average herbicide export price stood at $10,425 per ton in March 2023, falling by -1.9% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 28% against the previous month. The export price peaked at $12,003 per ton in November 2022; however, from December 2022 to March 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was British Virgin Islands ($18,818 per ton), while the average price for exports to the Netherlands ($6,612 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Herbicide Imports in the Dominican Republic
After three years of growth, supplies from abroad of herbicides decreased by -53.8% to 8.8K tons in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 22%.
In value terms, herbicide imports declined sharply to $60M in 2022. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of $93M, and then declined significantly in the following year.
Import of Herbicide in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.9 | 17.3 | 20.4 | 30.5 | 24.3% |
Colombia | 4.4 | 7.4 | 6.7 | 8.6 | 25.0% |
Guatemala | 3.4 | 3.1 | 5.1 | 5.5 | 17.4% |
United States | 4.6 | 2.9 | 2.8 | 3.4 | -9.6% |
India | 1.2 | 1.7 | 2.6 | 3.3 | 40.1% |
Germany | 2.2 | 1.9 | 2.1 | 1.7 | -8.2% |
Costa Rica | 0.5 | 1.1 | 2.2 | 1.3 | 37.5% |
Mexico | 0.9 | 0.9 | 1.2 | 0.8 | -3.9% |
Others | 39.0 | 43.4 | 49.5 | 4.8 | -50.3% |
Total | 72.2 | 79.6 | 92.5 | 59.8 | -6.1% |
Top Suppliers of Herbicide to the Dominican Republic in 2022:
- China (5278.2 tons)
- Guatemala (1148.1 tons)
- India (602.9 tons)
- Colombia (536.4 tons)
- United States (460.1 tons)
- Germany (155.5 tons)
- Costa Rica (145.6 tons)
- Mexico (77.1 tons)
Herbicide Exports in the Dominican Republic
In 2022, overseas shipments of herbicides decreased by -58.4% to 165 tons, falling for the second year in a row after two years of growth. In general, exports showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 34%. As a result, the exports attained the peak of 441 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, herbicide exports declined markedly to $1.6M in 2022. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 5.4%. As a result, the exports attained the peak of $3.1M, and then dropped sharply in the following year.
Export of Herbicide in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Barbados | 309 | 498 | 267 | 451 | 13.4% |
Saint Lucia | 534 | 349 | 672 | 387 | -10.2% |
Cuba | N/A | 0.3 | N/A | 257 | 2826.9% |
Guyana | 39.4 | 59.8 | 179 | 181 | 66.2% |
Antigua and Barbuda | 71.5 | 67.9 | 56.5 | 62.4 | -4.4% |
Aruba | 12.9 | 14.6 | 50.0 | 53.6 | 60.8% |
Bahamas | N/A | 29.3 | 21.7 | 42.8 | 20.9% |
Curacao | 13.2 | 24.7 | 37.6 | 39.8 | 44.5% |
Jamaica | 124 | 27.5 | 35.4 | 23.9 | -42.2% |
Saint Vincent and the Grenadines | 182 | 164 | 99.7 | 16.7 | -54.9% |
Costa Rica | N/A | 103 | N/A | N/A | 0% |
Others | 1,538 | 1,614 | 1,693 | 108 | -58.7% |
Total | 2,823 | 2,952 | 3,112 | 1,622 | -16.9% |
Top Export Markets for Herbicide from the Dominican Republic in 2022:
- Saint Lucia (43.6 tons)
- Barbados (36.1 tons)
- Guyana (28.6 tons)
- Cuba (20.7 tons)
- Bahamas (5.7 tons)
- Aruba (5.7 tons)
- Antigua and Barbuda (4.8 tons)
- Curacao (4.0 tons)
- Jamaica (2.6 tons)
- Saint Vincent and the Grenadines (2.6 tons)
This report provides an in-depth analysis of the herbicide 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 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
- Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
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
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