Report Update Nov 1, 2024

Dominican Republic - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Mineral Wool Market 2024

Mineral Wool Market Size in the Dominican Republic

For the third year in a row, the Dominican mineral wool market recorded decline in sales value, which decreased by -13.7% to $X in 2021. Over the period under review, consumption, however, showed a deep downturn. Mineral wool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Mineral Wool Exports

Exports from the Dominican Republic

In 2021, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures increased by 48% to X tons, rising for the third consecutive year after five years of decline. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,633% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, mineral wool exports dropped to $X in 2021. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 1,366% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then fell in the following year.

Exports by Country

Saint Lucia (X tons) and Haiti (X tons) were the main destinations of mineral wool exports from the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for Haiti (with a CAGR of +13.5%).

In value terms, the largest markets for mineral wool exported from the Dominican Republic were Haiti ($X) and Saint Lucia ($X).

Among the main countries of destination, Haiti, with a CAGR of +20.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, dropping by -38.2% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 169% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 ton), while the average price for exports to Saint Lucia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+5.8%).

Mineral Wool Imports

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in overseas purchases of slag wool, rock wool and similar mineral wools and mixtures, when their volume increased by 21% to X tons. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by 158% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports reduced markedly to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 253% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of mineral wool to the Dominican Republic, with a 50% share of total imports. Moreover, mineral wool imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Mexico (-8.8% per year).

In value terms, the United States ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to the Dominican Republic, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 9.5% share of total imports. It was followed by Mexico, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and Mexico (-14.7% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, waning by -42% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, with a combined 55% share of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, with a combined 55% share of global production. Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to the Dominican Republic?

In value terms, the largest mineral wool suppliers to the Dominican Republic were the United States, Spain and Brazil, together comprising 86% of total imports.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in the Dominican Republic?

In 2020, the average mineral wool import price amounted to $1,687 per ton, increasing by 18% against the previous year.

This report provides an in-depth analysis of the mineral wool market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023