Dominican Republic: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in the Dominican Republic

The Dominican calcareous building stone market shrank to $X in 2021, reducing by -6.4% against the previous year. Over the period under review, consumption recorded a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcareous Building Stone Production in the Dominican Republic

In value terms, calcareous building stone production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19%. Calcareous building stone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Calcareous Building Stone Exports

Exports from the Dominican Republic

In 2021, overseas shipments of calcareous building stone were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 117%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, calcareous building stone exports surged to $X in 2021. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 58% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for calcareous building stone exports from the Dominican Republic, accounting for a 84% share of total exports. Moreover, calcareous building stone exports to Venezuela exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was held by Colombia (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.8% per year) and Colombia (-31.3% per year).

In value terms, Venezuela ($X) remains the key foreign market for calcareous building stone exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was taken by Mexico ($X), with a 7.3% share of total exports. It was followed by Canada, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-13.3% per year) and Canada (-12.8% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to China ($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 Canada (+4.6%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of calcareous building stone increased by 853% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 19,256% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, calcareous building stone imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by 12,932%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), the United States (X tons) and Egypt (X tons) were the main suppliers of calcareous building stone imports to the Dominican Republic, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of calcareous building stone to the Dominican Republic, comprising 87% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.1% share of total imports. It was followed by Egypt, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.8% per year) and Egypt (0.0% per year).

Import Prices by Country

The average calcareous building stone import price stood at $X per ton in 2021, which is down by -10.4% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcareous building stone import price decreased by -22.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 88% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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 Spain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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