Dominican Republic: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in the Dominican Republic

The Dominican sawnwood (non-coniferous) market soared to $X in 2022, increasing by 64% against the previous year. Overall, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sawnwood (Non-Coniferous) Production in the Dominican Republic

In value terms, sawnwood (non-coniferous) production reduced modestly to $X in 2022 estimated in export price. In general, production posted a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 698% against the previous year. Sawnwood (non-coniferous) production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from the Dominican Republic

In 2022, overseas shipments of sawnwood (non-coniferous) decreased by -47.6% to X cubic meters, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of 9,600% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports fell markedly to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 7,905% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from the Dominican Republic, with a 95% share of total exports. It was followed by Turks and Caicos Islands (X cubic meters), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (0.0% per year) and British Virgin Islands (0.0% per year).

In value terms, Haiti ($X) remains the key foreign market for sawnwood (non-coniferous) exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+16.7% per year) and British Virgin Islands (0.0% per year).

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, declining by -9.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 753%. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 ($X per cubic meter), while the average price for exports to British Virgin Islands ($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 Turks and Caicos Islands (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood (Non-Coniferous) Imports

Imports into the Dominican Republic

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were imported into the Dominican Republic; with an increase of 45% against 2021 figures. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 65%. As a result, imports attained the peak of X cubic meters. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, sawnwood (non-coniferous) imports soared to $X in 2022. Over the period under review, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X cubic meters), Gabon (X cubic meters) and Brazil (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to the Dominican Republic, with a combined 64% share of total imports. Fiji, China, Cote d'Ivoire, Bolivia, the United States and Cameroon lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +117.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (non-coniferous) suppliers to the Dominican Republic were Peru ($X), Brazil ($X) and Gabon ($X), together comprising 65% of total imports. Fiji, Bolivia, Cote d'Ivoire, the United States, Cameroon and China lagged somewhat behind, together comprising a further 31%.

China, with a CAGR of +80.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sawnwood (non-coniferous) import price amounted to $X per cubic meter, picking up by 24% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Bolivia ($X per cubic meter), while the price for China ($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 Bolivia (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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