Dominican Republic: Wood Charcoal Market 2024

Wood Charcoal Market Size in the Dominican Republic

The Dominican wood charcoal market declined to $X in 2021, dropping by -2.7% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wood Charcoal Production in the Dominican Republic

In value terms, wood charcoal production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Wood Charcoal Exports

Exports from the Dominican Republic

In 2021, the amount of wood charcoal exported from the Dominican Republic soared to X tons, increasing by 43% on the year before. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood charcoal exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for wood charcoal exports from the Dominican Republic, accounting for a 69% share of total exports. Moreover, wood charcoal exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.3% per year) and Spain (-18.1% per year).

In value terms, the largest markets for wood charcoal exported from the Dominican Republic were the United States ($X), the United Arab Emirates ($X) and Spain ($X), together comprising 96% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average wood charcoal export price amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.6%), while the prices for the other major destinations experienced a decline.

Wood Charcoal Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of wood charcoal decreased by -17.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 199%. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced sharply in the following year.

In value terms, wood charcoal imports contracted to $X in 2021. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2018 when imports increased by 296%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wood charcoal to the Dominican Republic, with a 58% share of total imports. Moreover, wood charcoal imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Venezuela (X tons), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +129.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+53.2% per year) and Venezuela (-1.6% per year).

In value terms, the Netherlands ($X), China ($X) and the United States ($X) appeared to be the largest wood charcoal suppliers to the Dominican Republic, together accounting for 98% of total imports.

Among the main suppliers, China, with a CAGR of +145.5%, 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

In 2021, the average wood charcoal import price amounted to $X per ton, picking up by 6.4% against the previous year. Overall, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 104%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+302.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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