Dominican Republic: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in the Dominican Republic

For the third consecutive year, the Dominican market for granite, sandstone and other building stone recorded growth in sales value, which increased by 508% to $X in 2021. In general, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Granite, Sandstone And Other Building Stone

Exports from the Dominican Republic

Exports of granite, sandstone and other building stone from the Dominican Republic reduced to X tons in 2021, falling by -6.1% against 2020. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 135% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone rose significantly to $X in 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 80%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of granite, sandstone and other building stone from the Dominican Republic, accounting for a 13% share of total exports. It was followed by Aruba (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-53.5% per year) and Venezuela (-69.6% per year).

In value terms, the United States ($X) remains the key foreign market for granite, sandstone and other building stone exports from the Dominican Republic, comprising 50% of total exports. The second position in the ranking was taken by Aruba ($X), with less than 0.1% share of total exports. It was followed by Venezuela, with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-56.9% per year) and Venezuela (-65.2% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 163%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+87.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into the Dominican Republic

In 2021, overseas purchases of granite, sandstone and other building stone increased by 172% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 101%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Brazil (X tons), China (X tons) and Egypt (X tons) were the main suppliers of imports of granite, sandstone and other building stone to the Dominican Republic.

From 2012 to 2021, the biggest increases were in Egypt (with a CAGR of +3,182.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Brazil ($X) and China ($X) appeared to be the largest granite, sandstone and other building stone suppliers to the Dominican Republic.

Egypt, with a CAGR of +4,477.7%, saw the highest growth rate of the value of imports, in terms of 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 import price for granite, sandstone and other building stone stood at $X per ton in 2021, declining by -33.3% against the previous year. Overall, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :