Dominican Republic: Concrete Tile Market 2024

Concrete Tile Market Size in the Dominican Republic

The Dominican concrete tile market shrank to $X in 2022, with a decrease of -2.1% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Concrete tile consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Concrete Tile Production in the Dominican Republic

In value terms, concrete tile production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.2% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 40%. Concrete tile production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Concrete Tile Exports

Exports from the Dominican Republic

In 2022, approx. X tons of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone were exported from the Dominican Republic; growing by 70% compared with 2021 figures. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 292% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, concrete tile exports skyrocketed to $X in 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 202%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Turks and Caicos Islands (X tons) was the main destination for concrete tile exports from the Dominican Republic, accounting for a 81% share of total exports. Moreover, concrete tile exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, Bahamas (X tons), fivefold. Haiti (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to Turks and Caicos Islands totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+76.5% per year) and Haiti (-13.6% per year).

In value terms, Turks and Caicos Islands ($X) remains the key foreign market for tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone exports from the Dominican Republic, comprising 78% of total exports. The second position in the ranking was taken by Bahamas ($X), with a 10% share of total exports. It was followed by the United States, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Turks and Caicos Islands stood at +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+73.0% per year) and the United States (-9.1% per year).

Export Prices by Country

In 2022, the average concrete tile export price amounted to $X per ton, surging by 5.7% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete tile export price increased by +54.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 39%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Tile Imports

Imports into the Dominican Republic

In 2022, overseas purchases of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone increased by 84% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 793%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, concrete tile imports soared to $X in 2022. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 349%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of concrete tile to the Dominican Republic, accounting for a 40% share of total imports. Moreover, concrete tile imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. China (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+34.0% per year) and China (+56.3% per year).

In value terms, the United States ($X), Spain ($X) and China ($X) were the largest concrete tile suppliers to the Dominican Republic, with a combined 70% share of total imports.

Among the main suppliers, China, with a CAGR of +71.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete tile import price stood at $X per ton in 2022, declining by -20.7% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 an increase of 149% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+52.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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