Sulphites; of Sodium Price in the Dominican Republic - 2023

Sulphites; of Sodium Price in the Dominican Republic (CIF) - 2022

In 2022, the average sulphites; of sodium import price amounted to $1,447 per ton, rising by 22% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($3,022 per ton), while the price for Colombia ($386 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in the Dominican Republic (FOB) - 2022

In 2022, the average sulphites; of sodium export price amounted to $978 per ton, falling by -39.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of 510% against the previous year. The export price peaked at $2,493 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +7.6% per year.

Sulphites; of Sodium Imports in the Dominican Republic

In 2022, supplies from abroad of sulphites; of sodia increased by 25% to 283 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline.

In value terms, sulphites; of sodium imports soared to $409K in 2022. Overall, imports recorded a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sulphites; of Sodium in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	17.8	56.3	21.0	182	117.0%
China	194	83.8	196	85.6	-23.9%
United States	92.9	34.4	0.1	41.0	-23.9%
Germany	34.9	6.6	27.3	40.8	5.3%
Belgium	N/A	N/A	15.6	21.7	39.1%
Italy	14.1	11.6	9.0	11.0	-7.9%
Colombia	8.3	3.3	N/A	4.6	-17.9%
Others	0.2	0.1	0.6	21.7	377.0%
Total	362	196	269	409	4.2%

Top Suppliers of Sulphites; of Sodium to the Dominican Republic in 2022:

Netherlands (139.7 tons)
China (50.4 tons)
Germany (24.7 tons)
Belgium (24.5 tons)
United States (24.0 tons)
Colombia (12.0 tons)
Italy (3.6 tons)

Sulphites; of Sodium Exports in the Dominican Republic

In 2022, the amount of sulphites; of sodia exported from the Dominican Republic skyrocketed to 15 tons, jumping by 48% on 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 383% against the previous year. As a result, the exports reached the peak of 23 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphites; of sodium exports shrank to $15K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 58%.