The 2011 Import and Export Market for Nitrogenous Minerals and Chemical Fertilizers in Dominica
- ID: 1433910
- May 2010
- Region: Dominica
- 11 pages
- ICON Group International
On the demand side, exporters and strategic planners focusing on nitrogenous minerals and chemical fertilizers in Dominica face a number of questions. Which countries are supplying nitrogenous minerals and chemical fertilizers to Dominica? How important is Dominica compared to others in terms of the entire global and regional market? How much do the imports of nitrogenous minerals and chemical fertilizers vary from one country of origin to another in Dominica? On the supply side, Dominica also exports nitrogenous minerals and chemical fertilizers. Which countries receive the most exports from Dominica? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers?
This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for nitrogenous minerals and chemical fertilizers in Dominica. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for nitrogenous minerals and chemical fertilizers for those countries serving Dominica via exports, or supplying from Dominica via imports. It does so for the current year based on a variety of key historical indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where Dominica fits into the world market for imported and exported nitrogenous minerals and chemical fertilizers. The total level of imports and exports on a worldwide basis, and those for Dominica in particular, is estimated using a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the share that Dominica is likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize Dominica compared to other major country markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of nitrogenous minerals and chemical fertilizers, Chapter 3 goes into detail on imports, but for each major country of origin serving Dominica. A “major” market is defined as a country where Dominica represents a substantially large share of either imports or exports. For each major country exporting to Dominica, one can thus observe how important Dominica is to that exporting country compared to other countries of the world. Chapter 4 does the same, but for exports of nitrogenous minerals and chemical fertilizers originating from Dominica, for each major country of destination. In doing so, one can discover the share that Dominica has in each major market; this share value is often used as a measure of competitiveness for Dominica. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4 present a the total picture for imports and exports of nitrogenous minerals and chemical fertilizers to and from Dominica to and from all other major countries in the world. "Nitrogenous Minerals and Chemical Fertilizers" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "nitrogenous minerals and chemical fertilizers" is 5621 . SHOW LESS READ MORE >
1 INTRODUCTION AND METHODOLOGY
2 DOMINICA AND THE WORLD MARKET
2.1 Imports in Dominica in 2011
2.2 Exports from Dominica in 2011
3 EXPORTS FROM DOMINICA
3.1 Latin America
4 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS
4.1 Disclaimers & Safe Harbor
4.2 ICON Group Ltd. User Agreement Provisions