Dominican Republic: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in the Dominican Republic

The Dominican industrial roundwood (non-coniferous) market fell to $X in 2022, declining by -7.1% against the previous year. Overall, consumption, however, posted a buoyant increase. Industrial roundwood (non-coniferous) consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in the Dominican Republic

In value terms, industrial roundwood (non-coniferous) production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 287% against the previous year. Over the period under review, (non-coniferous) production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from the Dominican Republic

In 2022, overseas shipments of industrial roundwood increased by 1,893% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 51,546% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2016 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports surged to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,614%. Over the period under review, the (non-coniferous) exports attained the peak figure 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 (non-coniferous) exports from the Dominican Republic, with a 94% share of total exports. Moreover, industrial roundwood (non-coniferous) 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 amounted to +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 (-25.1% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at -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 (-6.9% per year).

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, shrinking by -90.3% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of 1,262%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 (Non-Coniferous) Imports

Imports into the Dominican Republic

In 2022, overseas purchases of industrial roundwood increased by 5.1% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 104%. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports surged to $X in 2022. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 118%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Gabon (X cubic meters) constituted the largest industrial roundwood (non-coniferous) supplier to the Dominican Republic, accounting for a 42% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from Gabon exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), fourfold. The third position in this ranking was held by Brazil (X cubic meters), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Gabon amounted to +103.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.2% per year) and Brazil (+20.2% per year).

In value terms, Gabon ($X) constituted the largest supplier of industrial roundwood to the Dominican Republic, comprising 42% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Peru, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Gabon stood at +112.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+31.1% per year) and Peru (+9.8% per year).

Import Prices by Country

The average industrial roundwood (non-coniferous) import price stood at $X per cubic meter in 2022, rising by 32% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per cubic meter), while the price for Fiji ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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