Dominican Republic: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in the Dominican Republic

The Dominican double or complex silicates market surged to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a resilient expansion. Double or complex silicates consumption peaked in 2022 and is likely to see steady growth in years to come.

Exports of Double Or Complex Silicates

Exports from the Dominican Republic

In 2022, overseas shipments of double or complex silicates increased by X% to X tons, rising for the fourth year in a row after three years of decline. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, double or complex silicates exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for double or complex silicates exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, double or complex silicates exports to Haiti exceeded the volume sent to the second major destination, Saint Lucia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (X% per year) and the United States (X% per year).

In value terms, Haiti ($X) remains the key foreign market for double or complex silicates exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Saint Lucia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (X% per year) and the United States (X% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price saw buoyant growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into the Dominican Republic

In 2022, approx. X tons of double or complex silicates were imported into the Dominican Republic; growing by X% against the year before. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, double or complex silicates imports soared to $X in 2022. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of double or complex silicates to the Dominican Republic, accounting for a X% share of total imports. Moreover, double or complex silicates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of double or complex silicates to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

The average double or complex silicates import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, recorded a pronounced contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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