Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $757 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 132%. As a result, import price attained the peak level of $1,197 per ton. From 2016 to 2022, the average 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 United States ($1,363 per ton), while the price for China ($571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $2,600 per ton, reducing by -27.9% against the previous year. In general, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 15%. The export price peaked at $3,606 per ton in 2021, and then contracted markedly in the following year.
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 -2.3% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses imported into the Dominican Republic skyrocketed to 279 tons, growing by 45% compared with the previous year's figure. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% 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 +58.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $211K in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.9 | 13.1 | 34.8 | 69.1 | 29.4% |
| United States | 14.9 | 13.1 | 17.0 | 22.3 | 14.4% |
| Spain | 17.9 | 12.0 | 19.1 | 15.8 | -4.1% |
| Sweden | 11.3 | 8.8 | 11.1 | 12.6 | 3.7% |
| Germany | 10.0 | 7.7 | 8.8 | 9.1 | -3.1% |
| Panama | N/A | 16.7 | N/A | N/A | 0% |
| Others | 60.3 | 34.1 | 53.9 | 82.4 | 11.0% |
| Total | 146 | 106 | 145 | 211 | 13.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to the Dominican Republic in 2022:
- China (121.0 tons)
- Spain (18.6 tons)
- Sweden (17.6 tons)
- United States (16.4 tons)
- Germany (15.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic
In 2022, approx. 8 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were exported from the Dominican Republic; declining by -77.4% on the year before. Overall, exports saw a significant decline.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses dropped markedly to $21K in 2022. In general, exports saw a dramatic contraction.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the Dominican Republic (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Haiti | 38.4 | 10.4 | -72.9% |
| Panama | 25.3 | N/A | 0% |
| Others | 63.7 | 10.4 | -83.7% |
| Total | 127 | 20.8 | -83.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from the Dominican Republic in 2022:
- Haiti (4.0 tons)
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