Dominican Republic: Cement Clinker Market 2024

Cement Clinker Market Size in the Dominican Republic

The Dominican cement clinker market reduced remarkably to $X in 2022, waning by -15.8% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Cement Clinker Production in the Dominican Republic

In value terms, cement clinker production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 37%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cement Clinker Exports

Exports from the Dominican Republic

In 2022, exports of cement clinker from the Dominican Republic skyrocketed to X tons, rising by 270% compared with the year before. Overall, exports, however, showed a abrupt decline. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cement clinker exports surged to $X in 2022. Over the period under review, exports, however, faced a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for cement clinker exports from the Dominican Republic, accounting for a 44% share of total exports. Moreover, cement clinker exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), twofold. Colombia (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+86.8% per year) and Colombia (-15.5% per year).

In value terms, Guyana ($X) remains the key foreign market for cement clinker exports from the Dominican Republic, comprising 67% of total exports. The second position in the ranking was taken by Haiti ($X), with a 15% share of total exports. It was followed by Colombia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Guyana totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-18.6% per year) and Colombia (-24.2% per year).

Export Prices by Country

The average cement clinker export price stood at $X per ton in 2022, which is down by -27.6% against the previous year. Overall, the export price showed a mild slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Clinker Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of cement clinker decreased by -20.6% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 134% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, cement clinker imports soared to $X in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 137% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Algeria (X tons) and Colombia (X tons) were the main suppliers of cement clinker imports to the Dominican Republic, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +287.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cement clinker suppliers to the Dominican Republic were Turkey ($X), Algeria ($X) and the United States ($X), together comprising 98% of total imports.

Among the main suppliers, Algeria, with a CAGR of +413.5%, saw the highest growth rate of 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

The average cement clinker import price stood at $X per ton in 2022, with an increase of 75% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement clinker import price increased by +78.1% against 2020 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :