Dominican Republic: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in the Dominican Republic

In 2021, the Dominican market for building blocks and bricks of cement, concrete or artificial stone increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption enjoyed a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in the Dominican Republic

In value terms, production of building blocks and bricks of cement, concrete or artificial stone amounted to $X in 2021 estimated in export price. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by 79% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from the Dominican Republic

In 2021, exports of building blocks and bricks of cement, concrete or artificial stone from the Dominican Republic expanded markedly to X tons, growing by 7.9% against the previous year. Overall, exports saw a noticeable expansion. The pace of growth was the most pronounced in 2019 when exports increased by 252%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 121%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from the Dominican Republic, with a 79% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to Turks and Caicos Islands exceeded the volume sent to the second major destination, Haiti (X tons), ninefold. Bahamas (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turks and Caicos Islands amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-8.8% per year) and Bahamas (+56.0% per year).

In value terms, Turks and Caicos Islands ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from the Dominican Republic, comprising 85% of total exports. The second position in the ranking was held by Haiti ($X), with a 4.4% share of total exports. It was followed by Bahamas, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Turks and Caicos Islands totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-18.3% per year) and Bahamas (+53.7% per year).

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for building blocks and bricks of cement, concrete or artificial stone increased by +39.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 34%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turks and Caicos Islands ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into the Dominican Republic

In 2021, approx. X tons of building blocks and bricks of cement, concrete or artificial stone were imported into the Dominican Republic; shrinking by -16.2% compared with the previous year. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 1,278% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. Over the period under review, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 1,294%. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to the Dominican Republic, accounting for a 79% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-44.2% per year) and the Netherlands (-26.3% per year).

In value terms, the United States ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to the Dominican Republic, comprising 44% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-17.9% per year) and China (+7.6% per year).

Import Prices by Country

The average import price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, jumping by 54% against the previous year. In general, the import price, however, showed a pronounced setback. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :