Liquefied Butanes Price in the Dominican Republic - 2023

Contents:

1. Liquefied Butanes Price in the Dominican Republic (CIF) - 2023
2. Liquefied Butanes Price in the Dominican Republic (FOB) - 2022
3. Liquefied Butanes Imports in the Dominican Republic
4. Liquefied Butanes Exports in the Dominican Republic

Liquefied Butanes Price in the Dominican Republic (CIF) - 2023

The average liquefied butanes import price stood at $706 per ton in March 2023, increasing by 5.2% against the previous month. Over the period under review, the import price, however, showed a mild decline. The growth pace was the most rapid in February 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices reached the peak figure at $923 per ton in April 2022; however, from May 2022 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Trinidad and Tobago ($1,097 per ton), while the price for the United States ($695 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Argentina (0.0%), while the prices for the other major suppliers experienced a decline.

Liquefied Butanes Price in the Dominican Republic (FOB) - 2022

The average liquefied butanes export price stood at $369 per ton in 2022, which is down by -3.9% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $1,162 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($569 per ton), while the average price for exports to Colombia ($349 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 Jamaica (-0.8%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Imports in the Dominican Republic

Liquefied butanes imports into the Dominican Republic shrank slightly to 156K tons in 2022, which is down by -3.6% against the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% 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 +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of 162K tons, and then shrank slightly in the following year.

In value terms, liquefied butanes imports skyrocketed to $122M in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 171%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Liquefied Butanes to the Dominican Republic in 2022:

1. United States (115.4K tons)
2. Colombia (34.2K tons)
3. Chile (2.7K tons)
4. Argentina (2.7K tons)
5. Trinidad and Tobago (0.9K tons)

Liquefied Butanes Exports in the Dominican Republic

Liquefied butanes exports from the Dominican Republic soared to 21K tons in 2022, jumping by 24% on the previous year. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 190%. As a result, the exports reached the peak of 25K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, liquefied butanes exports soared to $7.8M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 128% against the previous year. As a result, the exports attained the peak of $9M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Liquefied Butanes from the Dominican Republic in 2022:

1. Jamaica (17.0K tons)
2. Colombia (3.6K tons)
3. Uruguay (0.3K tons)

Source: IndexBox Market Intelligence Platform