Dominican Republic - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Triphosphate Price in the Dominican Republic - 2023
Contents:
- Sodium Triphosphate Price in the Dominican Republic (CIF) - 2023
- Sodium Triphosphate Price in the Dominican Republic (FOB) - 2022
- Sodium Triphosphate Imports in the Dominican Republic
- Sodium Triphosphate Exports in the Dominican Republic
Sodium Triphosphate Price in the Dominican Republic (CIF) - 2023
The average sodium triphosphate import price stood at $2,726 per ton in March 2023, picking up by 85% against the previous month. Over the period under review, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 103% against the previous month. As a result, import price attained the peak level of $2,911 per ton. From October 2022 to March 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,816 per ton), while the price for China totaled $1,898 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Russia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sodium Triphosphate Price in the Dominican Republic (FOB) - 2022
In 2022, the average sodium triphosphate export price amounted to $1,631 per ton, dropping by -2.8% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate export price increased by +46.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24%. Over the period under review, the average export prices attained the maximum at $1,679 per ton in 2021, and then dropped slightly 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 Jamaica ($3,578 per ton), while the average price for exports to Trinidad and Tobago ($1,048 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 Suriname (+21.6%), while the prices for the other major destinations experienced mixed trend patterns.
Sodium Triphosphate Imports in the Dominican Republic
In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) imported into the Dominican Republic reduced to 7.5K tons, which is down by -9.2% on 2021 figures. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 15%.
In value terms, sodium triphosphate imports soared to $12M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +80.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sodium Triphosphate in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 1.0 | 1.7 | 7.6 | 46.8% |
| Russia | 2.5 | 0.8 | 2.4 | 1.9 | -8.7% |
| Kazakhstan | 2.7 | 3.8 | 2.9 | 1.0 | -28.2% |
| United States | 0.5 | 0.4 | 0.5 | 0.8 | 17.0% |
| Venezuela | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
| Others | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Total | 8.7 | 6.5 | 8.2 | 11.7 | 10.4% |
Top Suppliers of Sodium Triphosphate to the Dominican Republic in 2022:
- China (4.7K tons)
- Russia (1.6K tons)
- Kazakhstan (0.9K tons)
- United States (0.3K tons)
Sodium Triphosphate Exports in the Dominican Republic
In 2022, shipments abroad of sodium triphosphate (sodium tripolyphosphates) was finally on the rise to reach 36 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt shrinkage.
In value terms, sodium triphosphate exports skyrocketed to $58K in 2022. Overall, exports, however, recorded a drastic downturn.
| Export of Sodium Triphosphate in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 42.2 | 38.9 | 9.1 | 22.8 | -18.6% |
| Venezuela | 8.9 | 9.7 | 13.5 | 15.7 | 20.8% |
| Jamaica | N/A | N/A | N/A | 10.4 | 0% |
| Trinidad and Tobago | 16.7 | 12.4 | 8.3 | 9.2 | -18.0% |
| Ecuador | 7.7 | N/A | N/A | N/A | 0% |
| Suriname | N/A | 7.7 | 16.5 | N/A | 114.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 75.7 | 68.7 | 47.5 | 58.1 | -8.4% |
Top Export Markets for Sodium Triphosphate from the Dominican Republic in 2022:
- Haiti (14.6 tons)
- Venezuela (9.3 tons)
- Trinidad and Tobago (8.8 tons)
- Jamaica (2.9 tons)
This report provides an in-depth analysis of the sodium triphosphate market 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 20134270 - Sodium triphosphate (sodium tripolyphosphates)
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
-
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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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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