Dominican Republic: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in the Dominican Republic

The Dominican articles of fiber cement market skyrocketed to $X in 2022, with an increase of 77% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like, which increased by 222% to X tons in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,967% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, articles of fiber cement exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 705%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for articles of fiber cement exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by Haiti (X kg), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +115.0%.

In value terms, the United States ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was taken by Haiti ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +115.2%.

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, shrinking by -51.6% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.0%).

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into the Dominican Republic

Articles of fiber cement imports into the Dominican Republic surged to X tons in 2022, growing by 64% compared with the previous year. Overall, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 226% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, articles of fiber cement imports surged to $X in 2022. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 197%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of articles of fiber cement to the Dominican Republic, with a 55% share of total imports. Moreover, articles of fiber cement imports from Costa Rica exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Colombia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Costa Rica stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.9% per year) and Colombia (+10.0% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to the Dominican Republic, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by Colombia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Costa Rica stood at +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.4% per year) and Colombia (+10.4% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, growing by 17% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 36%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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