Price for Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic

Price for Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $621 per ton, rising by 40% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs at $853 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($626 per ton), while the price for Trinidad and Tobago stood at $354 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.3%).

Price for Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $237 per ton, shrinking by -73.1% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 186%. The export price peaked at $954 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($1,303 per ton), while the average price for exports to Canada ($132 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic

After three years of growth, purchases abroad of petroleum gases and other gaseous hydrocarbonses decreased by -0.9% to 2.4M tons in 2022. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.7%. As a result, imports reached the peak of 2.4M tons, leveling off in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $1.5B in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 84%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to the Dominican Republic in 2022:

1. United States (2299.8K tons)
2. Trinidad and Tobago (65.8K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in the Dominican Republic

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from the Dominican Republic skyrocketed to 332K tons, picking up by 1,219% compared with the previous year. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $79M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from the Dominican Republic in 2022:

1. Canada (261.1K tons)
2. Italy (47.3K tons)
3. France (20.7K tons)

Source: IndexBox Market Intelligence Platform