Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic - 2023
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic (CIF) - 2023
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic (FOB) - 2022
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic
Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for dyes; reactive dyes and preparations based therea amounted to $6,592 per ton, surging by 17% against the previous month. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 103% against the previous month. The import price peaked at $11,587 per ton in October 2022; however, from November 2022 to March 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($13,709 per ton), while the price for India stood at $6,403 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Honduras (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic (FOB) - 2022
In 2022, the average export price for dyes; reactive dyes and preparations based therea amounted to $7,699 per ton, growing by 11% against the previous year. Over the period under review, the export price saw a mild increase. The pace of growth appeared the most rapid in 2018 an increase of 57% against the previous year. As a result, the export price attained the peak level of $11,721 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
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 Colombia ($12,000 per ton), while the average price for exports to Ecuador ($4,758 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 (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic
In 2022, the amount of dyes; reactive dyes and preparations based therea imported into the Dominican Republic rose significantly to 2.9K tons, picking up by 9.3% compared with 2021 figures. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 93%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of dyes; reactive dyes and preparations based therea surged to $18M in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.1 | 6.0 | 5.8 | 13.7 | 24.5% |
| Honduras | 0.6 | 0.8 | 2.1 | 1.8 | 44.2% |
| United States | 5.3 | 0.7 | 3.6 | 1.3 | -37.4% |
| Others | 0.9 | 0.8 | 1.0 | 0.7 | -8.0% |
| Total | 14.0 | 8.2 | 12.5 | 17.6 | 7.9% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to the Dominican Republic in 2022:
- India (1859.4 tons)
- Honduras (808.8 tons)
- United States (187.9 tons)
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic
Exports of dyes; reactive dyes and preparations based therea from the Dominican Republic dropped dramatically to 18 tons in 2022, with a decrease of -88.2% on 2021. Over the period under review, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 398% against the previous year. As a result, the exports attained the peak of 151 tons, and then declined dramatically in the following year.
In value terms, exports of dyes; reactive dyes and preparations based therea dropped rapidly to $137K in 2022. In general, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 669%. As a result, the exports reached the peak of $1M, and then reduced markedly in the following year.
| Export of Dyes; Reactive Dyes and Preparations Based Thereon in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 66.6 | 74.7 | 44.7 | 118 | 21.0% |
| United States | 116 | 35.5 | 791 | 8.9 | -57.5% |
| Ecuador | N/A | N/A | N/A | 2.6 | 0% |
| Panama | 13.4 | N/A | N/A | N/A | 0% |
| El Salvador | N/A | N/A | 65.1 | N/A | 0% |
| Mexico | 89.6 | 13.7 | 133 | N/A | 21.8% |
| Others | 3.1 | 12.1 | 10.7 | 7.4 | 33.6% |
| Total | 289 | 136 | 1,045 | 137 | -22.0% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from the Dominican Republic in 2022:
- Honduras (15.9 tons)
- United States (1.1 tons)
- Ecuador (0.6 tons)
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