Dominican Republic: Granite Block Market 2024

Granite Block Market Size in the Dominican Republic

The Dominican granite block market contracted modestly to $X in 2022, which is down by -3.9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the market value increased by 8.4% against the previous year. Granite block consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Granite Block Production in the Dominican Republic

In value terms, granite block production declined slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.1% against the previous year. Granite block production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Granite Block Exports

Exports from the Dominican Republic

In 2017, the amount of granite blocks and slabs exported from the Dominican Republic totaled X tons, leveling off at 2016 figures. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum in 2017 and are expected to retain growth in the near future.

In value terms, granite block exports amounted to $X in 2017. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are expected to retain growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for granite block exports from the Dominican Republic, with a 99% share of total exports. It was followed by the United States (X kg), with a 0.5% share of total exports.

From 2015 to 2017, the average annual growth rate of volume to Colombia was relatively modest.

From 2015 to 2017, the average annual growth rate of value to Colombia was relatively modest.

Export Prices by Country

The average granite block export price stood at $X per ton in 2017, approximately equating the previous year. Overall, the export price saw a precipitous descent. The pace of growth appeared the most rapid in 2016 a decrease of 99.9%. The export price peaked at $X per ton in 2015; however, from 2016 to 2017, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2017, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia totaled $X per ton.

From 2015 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+285.2%).

Granite Block Imports

Imports into the Dominican Republic

Granite block imports into the Dominican Republic stood at X tons in 2022, growing by 4.3% on 2021 figures. In general, imports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, granite block imports reduced slightly to $X in 2022. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest granite block supplier to the Dominican Republic, accounting for a 90% share of total imports. It was followed by Portugal (X kg), with a 2.6% share of total imports. China (X kg) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt stood at +433.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (0.0% per year) and China (-22.6% per year).

In value terms, Egypt ($X) constituted the largest supplier of granite blocks and slabs to the Dominican Republic, comprising 81% of total imports. The second position in the ranking was taken by India ($X), with a 5.9% share of total imports. It was followed by Portugal, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Egypt amounted to +776.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-15.3% per year) and Portugal (0.0% per year).

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, with a decrease of -7.4% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite block import price decreased by -20.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 85%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+64.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :