Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Dominican Republic - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Dominican Republic (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Dominican Republic
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Dominican Republic (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,900 per ton, jumping by 58% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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; aromatic polycarboxylic acids; phthalic anhydrides increased by +110.7% against 2020 indices. As a result, import price attained 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 Brazil ($2,352 per ton), while the price for the United States ($991 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Dominican Republic
In 2022, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into the Dominican Republic contracted remarkably to 2.3K tons, which is down by -30.7% on the year before. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of 3.4K tons, and then contracted remarkably in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides fell to $3.8M in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. As a result, imports attained the peak of $4M, and then dropped in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,234 | 346 | 650 | 1,541 | 7.7% |
| Russia | 93.8 | 606 | 1,586 | 928 | 114.7% |
| United States | 45.2 | 81.0 | 182 | 594 | 136.0% |
| Mexico | 610 | 489 | 1,394 | 404 | -12.8% |
| China | 114 | 112 | 137 | 134 | 5.5% |
| Panama | N/A | N/A | N/A | 122 | 0% |
| Germany | 105 | 90.4 | 97.7 | 61.0 | -16.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,201 | 1,725 | 4,047 | 3,786 | 19.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to the Dominican Republic in 2022:
- Russia (692.1 tons)
- Brazil (655.3 tons)
- United States (600.1 tons)
- Mexico (192.9 tons)
- China (85.3 tons)
- Panama (66.8 tons)
- Germany (33.4 tons)
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