Dominican Republic: Fiberboard Market 2025

Fiberboard Market Size in the Dominican Republic

For the eleventh year in a row, the Dominican fiberboard market recorded growth in sales value, which increased by 69% to $X in 2022. In general, consumption showed a significant expansion. Fiberboard consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fiberboard Exports

Exports from the Dominican Republic

In 2022, overseas shipments of fiber board of wood or other ligneous materials were finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 322%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, fiberboard exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 300% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X cubic meters) was the main destination for fiberboard exports from the Dominican Republic, accounting for a 95% share of total exports. It was followed by Saint Vincent and the Grenadines (X cubic meters), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (0.0% per year) and Venezuela (0.0% per year).

In value terms, Haiti ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from the Dominican Republic, comprising 85% of total exports. The second position in the ranking was taken by Saint Vincent and the Grenadines ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (0.0% per year) and Venezuela (0.0% per year).

Export Prices by Country

The average fiberboard export price stood at $X per cubic meter in 2022, falling by -20% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 113%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saint Vincent and the Grenadines ($X per cubic meter), while the average price for exports to Haiti ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-7.4%).

Fiberboard Imports

Imports into the Dominican Republic

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were imported into the Dominican Republic; with an increase of 32% against 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 129%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fiberboard imports soared to $X in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 when imports increased by 92%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X cubic meters) constituted the largest fiberboard supplier to the Dominican Republic, accounting for a 65% share of total imports. Moreover, fiberboard imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X cubic meters), threefold. Chile (X cubic meters) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.3% per year) and Chile (+3.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to the Dominican Republic, comprising 66% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports. It was followed by Italy, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+43.8% per year) and Italy (+97.7% per year).

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, increasing by 42% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Chile ($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 Thailand (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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