Dominican Republic: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in the Dominican Republic

The Dominican market for saw logs and veneer logs (non-coniferous) fell to $X in 2022, waning by -7.5% against the previous year. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in the Dominican Republic

In value terms, production of saw logs and veneer logs (non-coniferous) declined to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of 154% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports from the Dominican Republic

In 2022, shipments abroad of saw logs and veneer logs (non-coniferous) increased by 1,893% to X cubic meters, rising for the second consecutive year after two years of decline. In general, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by 51,546% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,614% against the previous year. Over the period under review, the exports of reached the maximum 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 exports of saw logs and veneer logs (non-coniferous) from the Dominican Republic, with a 94% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) 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 totaled +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

The average export price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, which is down by -90.3% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2014 when the average export price increased by 1,262% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign 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.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports into the Dominican Republic

In 2022, overseas purchases of saw logs and veneer logs (non-coniferous) increased by 5.1% to X cubic meters, rising for the second year in a row after three years of decline. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 104% against the previous year. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Gabon (X cubic meters) constituted the largest saw logs and veneer logs (non-coniferous) supplier to the Dominican Republic, with a 42% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) 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 rate of growth in terms of volume from Gabon totaled +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 ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to the Dominican Republic, comprising 42% of total imports. The second position in the ranking was held by Brazil ($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 import price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, increasing 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 reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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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