Dominican Republic: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in the Dominican Republic

The Dominican market for tiles, flagstones and similar articles of cement, concrete or artificial stone rose notably to $X in 2021, with an increase of 8.1% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in the Dominican Republic

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone rose remarkably to $X in 2021 estimated in export price. In general, production showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded decline in shipments abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone, which decreased by -2.3% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 54% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. In general, exports, however, showed noticeable growth. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from the Dominican Republic, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -3.6%.

In value terms, the United States ($X) also remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +8.8%.

Export Prices by Country

The average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, with an increase of 70% against the previous year. Over the period under review, the export price posted resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +12.8% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into the Dominican Republic

In 2021, purchases abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 80% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 668% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 668%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier to the Dominican Republic, with a 45% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +53.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+63.0% per year) and the United States (+21.6% per year).

In value terms, Spain ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to the Dominican Republic, comprising 38% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+91.7% per year) and China (+77.6% per year).

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, surging by 44% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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