Report Update Nov 1, 2024

Dominican Republic - Casks, Barrels, Vats, Tubs, and Coopers Products of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Wood Barrel Market 2024

Wood Barrel Exports

Exports from the Dominican Republic

In 2022, overseas shipments of casks, barrels, vats, tubs, and coopers products of wood were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 170%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood barrel exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2015 when exports increased by 215% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for wood barrel exports from the Dominican Republic, with a 100% share of total exports. It was followed by Germany (X units), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +15.7%.

In value terms, the UK ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from the Dominican Republic, comprising 99.9% of total exports. The second position in the ranking was held by Germany ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +17.7%.

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, picking up by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.7%).

Wood Barrel Imports

Imports into the Dominican Republic

In 2022, wood barrel imports into the Dominican Republic soared to X units, jumping by 38% compared with the year before. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 139% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wood barrel imports soared to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 105% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of wood barrel to the Dominican Republic, accounting for a 80% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+52.3% per year) and Chile (+47.0% per year).

In value terms, the largest wood barrel suppliers to the Dominican Republic were the United States ($X), Spain ($X) and Chile ($X), together accounting for 99% of total imports.

Among the main suppliers, Spain, with a CAGR of +60.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood barrel import price amounted to $X per unit, surging by 1.8% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2020 an increase of 57% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for casks, barrels, vats, tubs, and coopers products of wood in the world?

China constituted the country with the largest volume of wood barrel consumption, comprising approx. 19% of total volume. Moreover, wood barrel consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by the UK, with an 8.7% share.

What are the largest producers of casks, barrels, vats, tubs, and coopers products of wood in the world?

China remains the largest wood barrel producing country worldwide, accounting for 24% of total volume. Moreover, wood barrel production in China exceeded the figures recorded by the second-largest producer, France, fourfold. Indonesia ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of casks, barrels, vats, tubs, and coopers products of wood to the Dominican Republic?

In value terms, Spain, the United States and Chile constituted the largest wood barrel suppliers to the Dominican Republic, together accounting for 92% of total imports.

What is the average export price for casks, barrels, vats, tubs, and coopers products of wood in the Dominican Republic?

In 2020, the average wood barrel export price amounted to $2.4 per unit, flattening at the previous year.

What is the average import price for casks, barrels, vats, tubs, and coopers products of wood in the Dominican Republic?

The average wood barrel import price stood at $4.8 per unit in 2021, which is down by -10% against the previous year.

This report provides an in-depth analysis of the wood barrel market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16241200 - Casks, barrels, vats, tubs, and coopers products and parts thereof of wood (including staves)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023