Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in the Dominican Republic - 2022

Contents:

  1. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the Dominican Republic (CIF) - 2022
  2. Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the Dominican Republic

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the Dominican Republic (CIF) - 2022

In 2022, the average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $3,123 per ton, picking up by 2.1% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $18,899 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Germany ($12,727 per ton), while the price for China ($2,526 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.9%), while the prices for the other major suppliers experienced a decline.

Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in purchases abroad of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves, which increased by 51% to 9.8 tons in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 525%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves surged to $31K in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 595%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain0.11.81.930.0569.4%
China0.80.65.70.2-37.0%
Mexico1.414.38.9N/A152.1%
Others0.84.83.30.6-9.1%
Total3.121.419.930.7114.7%

Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to the Dominican Republic in 2022:

  1. Spain (9.7 tons)
  2. China (0.1 tons)

Source: IndexBox Market Intelligence Platform

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