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Dominican Republic - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Market for Oxides Of Boron and Boric Acids 2024
Market Size for Oxides Of Boron and Boric Acids in the Dominican Republic
In 2021, the Dominican market for oxides of boron and boric acids was finally on the rise to reach $X after three years of decline. In general, consumption saw a notable expansion. Boron oxide and boric acid consumption peaked in 2021 and is likely to continue growth in years to come.
Exports of Oxides Of Boron and Boric Acids
Exports from the Dominican Republic
In 2021, approx. X tons of oxides of boron and boric acids were exported from the Dominican Republic; picking up by 6% on 2020. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,235%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 802%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
Jamaica (X kg) was the main destination for boron oxide and boric acid exports from the Dominican Republic, with a 59% share of total exports. Moreover, boron oxide and boric acid exports to Jamaica exceeded the volume sent to the second major destination, Haiti (X kg), twofold.
From 2012 to 2021, the average annual growth rate of volume to Jamaica amounted to +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+22.1% per year) and Guatemala (0.0% per year).
In value terms, the largest markets for boron oxide and boric acid exported from the Dominican Republic were Guatemala ($X), Jamaica ($X) and Haiti ($X), with a combined 99% share of total exports.
In terms of the main countries of destination, Jamaica, with a CAGR of +34.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average export price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 15% against the previous year. In general, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of 69% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-3.2%).
Imports of Oxides Of Boron and Boric Acids
Imports into the Dominican Republic
In 2021, approx. X tons of oxides of boron and boric acids were imported into the Dominican Republic; rising by 83% on the previous year's figure. In general, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2014 with an increase of 161% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.
In value terms, boron oxide and boric acid imports surged to $X in 2021. Overall, imports showed a perceptible expansion. The growth pace was the most rapid in 2014 with an increase of 119% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
Imports by Country
Chile (X tons), Peru (X tons) and Argentina (X tons) were the main suppliers of boron oxide and boric acid imports to the Dominican Republic, together comprising 62% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +78.5%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest boron oxide and boric acid suppliers to the Dominican Republic were the United States ($X), the UK ($X) and Chile ($X), together accounting for 47% of total imports. These countries were followed by Germany, Argentina, Peru, Turkey and China, which together accounted for a further 33%.
In terms of the main suppliers, Argentina, with a CAGR of +57.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average import price for oxides of boron and boric acids amounted to $X per ton, growing by 6.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 10%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for boron oxide and boric acid in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132462 -
- Prodcom 20132465 -
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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