Dominican Republic: Wooden Door Market 2024

Wooden Door Market Size in the Dominican Republic

The Dominican wooden door market surged to $X in 2021, increasing by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant increase. Wooden door consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wooden Door Exports

Exports from the Dominican Republic

Wooden door exports from the Dominican Republic shrank to X units in 2021, which is down by -5.6% compared with 2020. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by 247% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wooden door exports fell to $X in 2021. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2019 when exports increased by 277%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Jamaica (X units), the United States (X units) and Turks and Caicos Islands (X units) were the main destinations of wooden door exports from the Dominican Republic, together accounting for 81% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turks and Caicos Islands (with a CAGR of +89.7%), while the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X), the United States ($X) and France ($X) appeared to be the largest markets for wooden door exported from the Dominican Republic worldwide, together accounting for 75% of total exports. Bahamas, Turks and Caicos Islands, Aruba and Haiti lagged somewhat behind, together accounting for a further 23%.

Turks and Caicos Islands, with a CAGR of +75.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, stabilizing at the previous year. In general, the export price, however, showed a slight downturn. The pace of growth appeared the most rapid in 2014 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bahamas ($X per unit), while the average price for exports to Turks and Caicos Islands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Door Imports

Imports into the Dominican Republic

In 2021, wooden door imports into the Dominican Republic skyrocketed to X units, rising by 30% against the previous year's figure. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 133% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wooden door imports surged to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 133%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wooden door to the Dominican Republic, with a 54% share of total imports. Moreover, wooden door imports from China exceeded the figures recorded by the second-largest supplier, Guatemala (X units), threefold. The third position in this ranking was held by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+17.4% per year) and Italy (+35.2% per year).

In value terms, China ($X), Guatemala ($X) and Italy ($X) constituted the largest wooden door suppliers to the Dominican Republic, with a combined 82% share of total imports.

China, with a CAGR of +38.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden door import price stood at $X per unit in 2021, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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