Waxes; Artificial, Prepared Price in the Dominican Republic - 2023

Contents:

1. Waxes; Artificial, Prepared Price in the Dominican Republic (CIF) - 2022
2. Waxes; Artificial, Prepared Price in the Dominican Republic (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in the Dominican Republic
4. Waxes; Artificial, Prepared Exports in the Dominican Republic

Waxes; Artificial, Prepared Price in the Dominican Republic (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $3,280 per ton, growing by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 42%. As a result, import price reached the peak level of $4,004 per ton. From 2019 to 2022, the average 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 Germany ($17,640 per ton), while the price for Indonesia ($651 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in the Dominican Republic (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $4,942 per ton, shrinking by -44.9% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2021 when the average export price increased by 92% against the previous year. As a result, the export price reached the peak level of $8,969 per ton, and then shrank significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($15,673 per ton), while the average price for exports to the United States ($2,268 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 Venezuela (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in the Dominican Republic

In 2022, after three years of growth, there was decline in purchases abroad of waxes; artificial, prepared, when their volume decreased by -4.9% to 667 tons. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of 702 tons, and then shrank in the following year.

In value terms, waxes; artificial, prepared imports declined modestly to $2.2M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 5% against the previous year. As a result, imports attained the peak of $2.2M, and then contracted slightly in the following year.

Top Suppliers of Waxes; Artificial, Prepared to the Dominican Republic in 2022:

1. United States (367.9 tons)
2. Denmark (64.2 tons)
3. China (61.0 tons)
4. Singapore (33.4 tons)
5. Portugal (16.7 tons)
6. Colombia (16.2 tons)
7. Mexico (15.9 tons)
8. Brazil (15.7 tons)
9. Indonesia (10.9 tons)

Waxes; Artificial, Prepared Exports in the Dominican Republic

Waxes; artificial, prepared exports from the Dominican Republic surged to 4.4 tons in 2022, with an increase of 66% against 2021. In general, total exports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared exports reduced to $22K in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 20%. As a result, the exports attained the peak of $24K, and then contracted in the following year.

Top Export Markets for Waxes; Artificial, Prepared from the Dominican Republic in 2022:

1. United States (3.3 tons)
2. Haiti (0.8 tons)
3. Trinidad and Tobago (0.2 tons)

Source: IndexBox Market Intelligence Platform