Dominican Republic: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in the Dominican Republic

In 2021, after two years of growth, there was decline in the Dominican market for granules, chippings and powder of monumental stone, when its value decreased by -3.9% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in the Dominican Republic

In value terms, monumental stone granules and powder production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.8% against 2018 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 42% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from the Dominican Republic

In 2021, after two years of decline, there was significant growth in shipments abroad of granules, chippings and powder of monumental stone, when their volume increased by 92% to X tons. Overall, exports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2018 with an increase of 350%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports expanded to $X in 2021. Over the period under review, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 240% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Guyana (X tons), Canada (X kg) and Haiti (X kg) were the main destinations of monumental stone granules and powder exports from the Dominican Republic, with a combined 93% share 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 Canada (with a CAGR of +16.7%), while the other leaders experienced mixed trend patterns.

In value terms, Guyana ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from the Dominican Republic, comprising 73% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports. It was followed by the United States, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Guyana amounted to -34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+5.8% per year) and the United States (-50.4% per year).

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, dropping by -45.6% against the previous year. In general, the export price, however, recorded a modest increase. The growth pace was the most rapid in 2013 an increase of 142%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Canada ($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 the United States (+9.6%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into the Dominican Republic

In 2021, approx. X tons of granules, chippings and powder of monumental stone were imported into the Dominican Republic; increasing by 3,056% against 2020 figures. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, monumental stone granules and powder imports surged to $X in 2021. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest monumental stone granules and powder supplier to the Dominican Republic, accounting for a 58% share of total imports. Moreover, monumental stone granules and powder imports from Vietnam exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam stood at +75.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+98.3% per year) and Germany (+35.0% per year).

In value terms, Vietnam ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total imports. It was followed by Germany, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam stood at +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+63.6% per year) and Germany (+12.3% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, waning by -32.6% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 97% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1,646.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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