Dominican Republic: Marble Building Stone Market 2024

Marble Building Stone Market Size in the Dominican Republic

The Dominican marble building stone market skyrocketed to $X in 2021, with an increase of 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded resilient growth. Marble building stone consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Marble Building Stone Exports

Exports from the Dominican Republic

In 2021, shipments abroad of marble building stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 79%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble building stone exports soared to $X in 2021. Overall, exports continue to indicate pronounced growth. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for marble building stone exports from the Dominican Republic, with a 98% share of total exports. It was followed by Costa Rica (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +2.3%.

In value terms, the United States ($X) remains the key foreign market for marble building stone exports from the Dominican Republic, comprising 97% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +7.5%.

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble building stone export price increased by +46.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 76%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%).

Marble Building Stone Imports

Imports into the Dominican Republic

Marble building stone imports into the Dominican Republic soared to X tons in 2021, with an increase of 43% against the year before. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2016 with an increase of 248%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, marble building stone imports surged to $X in 2021. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 102%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of marble building stone to the Dominican Republic, accounting for a 60% share of total imports. Moreover, marble building stone imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Egypt (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.7% per year) and Egypt (+32.6% per year).

In value terms, Spain ($X) constituted the largest supplier of marble building stone to the Dominican Republic, comprising 53% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.8% per year) and Turkey (+19.4% per year).

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, declining by -7.6% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :