Report Update Feb 1, 2025

Dominican Republic - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in the Dominican Republic

In 2022, the Dominican wood-based panels market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed resilient growth. Wood-based panels consumption peaked in 2022 and is expected to retain growth in years to come.

Wood-Based Panels Exports

Exports from the Dominican Republic

Wood-based panels exports from the Dominican Republic soared to X cubic meters in 2022, surging by X% on the year before. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, wood-based panels exports soared to $X in 2022. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Haiti (X cubic meters) was the main destination for wood-based panels exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, wood-based panels exports to Haiti exceeded the volume sent to the second major destination, Turks and Caicos Islands (X cubic meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled X%.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a deep setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($X per cubic meter), while the average price for exports to Haiti amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (X%).

Wood-Based Panels Imports

Imports into the Dominican Republic

Wood-based panels imports into the Dominican Republic skyrocketed to X cubic meters in 2022, increasing by X% on the year before. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X cubic meters) constituted the largest supplier of wood-based panels to the Dominican Republic, with a X% share of total imports. Moreover, wood-based panels imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X cubic meters), twofold. Spain (X cubic meters) ranked third in terms of total imports with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of wood-based panels to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for China ($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 Portugal (X%), 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 wood-based panels in the world?

China constituted the country with the largest volume of wood-based panels consumption, comprising approx. 36% of total volume. Moreover, wood-based panels consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Saudi Arabia, with a 5.4% share.

What are the largest producers of wood-based panels in the world?

China constituted the country with the largest volume of wood-based panels production, comprising approx. 41% of total volume. Moreover, wood-based panels production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Russia ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of wood-based panels to the Dominican Republic?

In value terms, the largest wood-based panels suppliers to the Dominican Republic were Brazil, the United States and Spain, together accounting for 64% of total imports. These countries were followed by China, Chile, Colombia and Ecuador, which together accounted for a further 22%.

What are the leading importers of wood-based panels from the Dominican Republic?

In value terms, Haiti emerged as the key foreign market for wood-based panels exports from the Dominican Republic, comprising 46% of total exports. The second position in the ranking was occupied by Jamaica, with an 11% share of total exports. It was followed by Finland, with an 8.1% share.

What is the average export price for wood-based panels in the Dominican Republic?

In 2021, the average wood-based panels export price amounted to $350 per cubic meter, declining by -36.2% against the previous year.

What is the average import price for wood-based panels in the Dominican Republic?

In 2021, the average wood-based panels import price amounted to $462 per cubic meter, picking up by 29% against the previous year.

This report provides an in-depth analysis of the wood-based panels 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:

FCL 1647 - Hardboard
FCL 1648 - MDF/HDF
FCL 1650 - Other fibreboard
FCL 1697 - Particle board
FCL 1606 - OSB
FCL 1640 - Plywood
FCL 1634 - Veneer sheets

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024