Dominican Republic: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in the Dominican Republic

In 2021, after two years of decline, there was significant growth in the Dominican gravel and crushed stone market, when its value increased by 9.8% to $X. Over the period under review, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.3% against 2018 indices. Gravel and crushed stone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Gravel And Crushed Stone in the Dominican Republic

In value terms, gravel and crushed stone production rose remarkably to $X in 2021 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -29.0% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 43%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Gravel And Crushed Stone

Exports from the Dominican Republic

In 2021, exports of gravel and crushed stone from the Dominican Republic surged to X tons, increasing by 25% on the previous year. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,822% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, gravel and crushed stone exports skyrocketed to $X in 2021. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,950% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for gravel and crushed stone exports from the Dominican Republic, accounting for a 48% share of total exports. Moreover, gravel and crushed stone exports to the United States exceeded the volume sent to the second major destination, Turks and Caicos Islands (X tons), threefold. British Virgin Islands (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +133.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+47.1% per year) and British Virgin Islands (+40.4% per year).

In value terms, the United States ($X) remains the key foreign market for gravel and crushed stone exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was taken by Turks and Caicos Islands ($X), with a 4.3% share of total exports. It was followed by British Virgin Islands, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +129.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+50.6% per year) and British Virgin Islands (+22.9% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, surging by 67% against the previous year. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2018 when the average export price increased by 114% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turks and Caicos Islands ($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 Bahamas (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gravel And Crushed Stone

Imports into the Dominican Republic

In 2021, approx. X tons of gravel and crushed stone were imported into the Dominican Republic; picking up by 29% on the year before. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 339% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, gravel and crushed stone imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 268% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Colombia (X tons) constituted the largest supplier of gravel and crushed stone to the Dominican Republic, accounting for a 79% share of total imports. Moreover, gravel and crushed stone imports from Colombia exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. The third position in this ranking was taken by Haiti (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Colombia totaled +128.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+45.6% per year) and Haiti (+25.3% per year).

In value terms, Colombia ($X) constituted the largest supplier of gravel and crushed stone to the Dominican Republic, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia amounted to +117.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.5% per year) and Mexico (+84.1% per year).

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, surging by 38% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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