Dominican Republic: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in the Dominican Republic

The Dominican market for coniferous wood in the rough dropped remarkably to $X in 2022, which is down by -35.5% against the previous year. Overall, consumption recorded a abrupt contraction. Coniferous wood in the rough consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in the Dominican Republic

In value terms, coniferous wood in the rough production declined significantly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of 369%. Over the period under review, coniferous wood in rough production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Coniferous Wood In The Rough

Exports from the Dominican Republic

In 2022, overseas shipments of coniferous wood in the rough decreased by -1.9% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 820% against the previous year. Over the period under review, the coniferous wood in rough exports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports amounted to $X in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,737%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X cubic meters) was the main destination for coniferous wood in the rough exports from the Dominican Republic, accounting for a 80% share of total exports. Moreover, coniferous wood in the rough exports to Haiti exceeded the volume sent to the second major destination, the United States (X cubic meters), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at -8.9%.

In value terms, Haiti ($X) remains the key foreign market for coniferous wood in the rough exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled -5.9%.

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 100%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per cubic meter), while the average price for exports to the United States amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+85.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coniferous Wood In The Rough

Imports into the Dominican Republic

In 2022, supplies from abroad of coniferous wood in the rough was finally on the rise to reach X cubic meters after seven years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 101%. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, coniferous wood in the rough imports expanded significantly to $X in 2022. In general, imports, however, showed a sharp setback. The growth pace was the most rapid in 2014 when imports increased by 93% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) was the main supplier of coniferous wood in the rough to the Dominican Republic, accounting for a 96% share of total imports. Moreover, coniferous wood in the rough imports from the United States exceeded the figures recorded by the second-largest supplier, Fiji (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (-20.7% per year) and Spain (-51.7% per year).

In value terms, the United States ($X) constituted the largest supplier of coniferous wood in the rough to the Dominican Republic, comprising 99% of total imports. The second position in the ranking was taken by Fiji ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (-35.7% per year) and Spain (-59.1% per year).

Import Prices by Country

In 2022, the average import price for coniferous wood in the rough amounted to $X per cubic meter, stabilizing at the previous year. In general, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2015 an increase of 11%. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Fiji ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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