Dominican Republic: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in the Dominican Republic

In 2020, after five years of decline, there was growth in the Dominican wood fuel (non-coniferous) market, when its value increased by X% to $X. In general, consumption showed a slight shrinkage. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Wood fuel (non-coniferous) consumption peaked at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Wood Fuel (Non-Coniferous) Production in the Dominican Republic

In value terms, wood fuel (non-coniferous) production expanded rapidly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in overseas shipments of wood fuel (non-coniferous), which increased by X% to X cubic meters in 2020. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, wood fuel (non-coniferous) exports amounted to $X in 2020. In general, exports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Haiti (X cubic meters) and Jamaica (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from the Dominican Republic, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica.

In value terms, Haiti ($X) remains the key foreign market for wood fuel (non-coniferous) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by Jamaica ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Haiti totaled +X%.

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, shrinking by -X% against the previous year. Overall, the export price saw a deep slump. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per cubic meter in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Haiti ($X per cubic meter), while the average price for exports to Jamaica stood at $X per cubic meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Haiti.

Wood Fuel (Non-Coniferous) Imports

Imports into the Dominican Republic

In 2020, the amount of wood fuel (non-coniferous) imported into the Dominican Republic shrank to X cubic meters, declining by -X% compared with the previous year. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports fell slightly to $X in 2020. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X cubic meters), Nicaragua (X cubic meters) and Colombia (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to the Dominican Republic, together accounting for X% of total imports. Brazil, Guyana, Ecuador and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Brazil, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of wood fuel (non-coniferous) to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports. It was followed by Nicaragua, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Cote d'Ivoire stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Nicaragua (-X% per year).

Import Prices by Country

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per cubic meter), while the price for Nicaragua ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Guyana, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform