Dominican Republic: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in the Dominican Republic

The Dominican industrial roundwood market stood at $X in 2022, stabilizing at the previous year. In general, consumption, however, enjoyed a prominent expansion. Industrial roundwood consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Industrial Roundwood Production in the Dominican Republic

In value terms, industrial roundwood production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 199% against the previous year. Industrial roundwood production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood Exports

Exports from the Dominican Republic

In 2022, shipments abroad of industrial roundwood increased by 1,582% to X cubic meters, rising for the second consecutive year after two years of decline. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 9,146%. As a result, the exports attained the peak of X cubic meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial roundwood exports skyrocketed to $X in 2022. Over the period under review, exports recorded moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of 415% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India (X cubic meters) was the main destination for industrial roundwood exports from the Dominican Republic, accounting for a 93% share of total exports. Moreover, industrial roundwood exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to India stood at +121.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Haiti (-44.0% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Haiti (-22.9% per year).

Export Prices by Country

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, with a decrease of -87.7% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 252% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, 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 Haiti ($X per cubic meter), while the average price for exports to India ($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 Turkey (+38.2%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood Imports

Imports into the Dominican Republic

Industrial roundwood imports into the Dominican Republic skyrocketed to X cubic meters in 2022, picking up by 82% on the previous year's figure. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 270%. Over the period under review, imports hit record highs at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports soared to $X in 2022. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 103% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest industrial roundwood supplier to the Dominican Republic, with a 71% share of total imports. Moreover, industrial roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, Gabon (X cubic meters), fivefold. Brazil (X cubic meters) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Gabon (+103.6% per year) and Brazil (+21.7% per year).

In value terms, Gabon ($X) constituted the largest supplier of industrial roundwood to the Dominican Republic, comprising 37% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Gabon amounted to +112.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.6% per year) and Brazil (+32.5% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, which is down by -19.2% against the previous year. In general, the import price saw a slight contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for the United States ($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 Brazil (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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