Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic - 2023

Contents:

  1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic (CIF) - 2022
  2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic (FOB) - 2022
  3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic
  4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,409 per ton, increasing by 36% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by +83.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($5,243 per ton), while the price for Germany ($1,432 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,549 per ton, picking up by 51% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices hit record highs at $21,200 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($3,750 per ton) and Suriname ($3,700 per ton), while the average price for exports to Saint Lucia ($2,550 per ton) and Costa Rica ($2,650 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in purchases abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which increased by 6.1% to 797 tons in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 95%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses surged to $2.7M in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 161%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States81.51348601,330153.6%
Belgium4184744741,08637.5%
Netherlands18696.617729416.5%
SwedenN/AN/A318N/A0%
Others65.013.346.55.0-57.5%
Total7517181,8762,71553.5%

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to the Dominican Republic in 2022:

  1. United States (413.9 tons)
  2. Belgium (325.3 tons)
  3. Netherlands (56.0 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic

In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -11.8% to 64 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses surged to $229K in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 94% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Jamaica13.248.470.8107100.9%
Guatemala6.718.820.558.3105.7%
GuyanaN/A4.012.821.3130.8%
Barbados0.4N/A6.99.3185.4%
Suriname5.18.524.78.719.5%
Trinidad and TobagoN/AN/AN/A6.10%
United States39.430.05.85.8-47.2%
Saint LuciaN/AN/AN/A4.30%
Costa Rica1.412.0N/A3.940.7%
Haiti3.84.911.53.80.0%
GrenadaN/AN/A19.1N/A0%
OthersN/A9.5N/AN/A0%
Total70.113617222948.4%

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from the Dominican Republic in 2022:

  1. Jamaica (30.0 tons)
  2. Guatemala (16.2 tons)
  3. Guyana (5.8 tons)
  4. Barbados (2.7 tons)
  5. Suriname (2.4 tons)
  6. Saint Lucia (1.7 tons)
  7. Trinidad and Tobago (1.7 tons)
  8. Costa Rica (1.5 tons)
  9. United States (1.5 tons)
  10. Haiti (1.1 tons)

Source: IndexBox Market Intelligence Platform

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