Dominican Republic: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in the Dominican Republic

In 2021, the Dominican rolled bitumen articles market increased by 76% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rolled Bitumen Articles Exports

Exports from the Dominican Republic

In 2021, overseas shipments of articles of bitumen in rolls were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2018 when exports increased by 404% against the previous year. As a result, the exports reached the peak of X square meters. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rolled bitumen articles exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X square meters) was the main destination for rolled bitumen articles exports from the Dominican Republic, accounting for a 57% share of total exports. Moreover, rolled bitumen articles exports to Panama exceeded the volume sent to the second major destination, the United States (X square meters), twofold.

From 2012 to 2021, the average annual growth rate of volume to Panama stood at -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-38.5% per year) and Haiti (-14.9% per year).

In value terms, the United States ($X), Haiti ($X) and Panama ($X) constituted the largest markets for rolled bitumen articles exported from the Dominican Republic worldwide.

Haiti, with a CAGR of -0.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, rising by 31% against the previous year. In general, the export price showed a measured increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 138%. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into the Dominican Republic

In 2021, purchases abroad of articles of bitumen in rolls was finally on the rise to reach X square meters after two years of decline. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 111%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, rolled bitumen articles imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest rolled bitumen articles supplier to the Dominican Republic, with a 48% share of total imports. Moreover, rolled bitumen articles imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X square meters), twofold. Russia (X square meters) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.6% per year) and Russia (+15.9% per year).

In value terms, Italy ($X) constituted the largest supplier of articles of bitumen in rolls to the Dominican Republic, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Russia, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.9% per year) and Russia (+6.1% per year).

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2021, increasing by 6.2% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Venezuela ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :