Dominican Republic: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in the Dominican Republic

The Dominican wooden joinery and carpentry market rose to $X in 2023, growing by X% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood in the Dominican Republic

In value terms, wooden joinery and carpentry production expanded modestly to $X in 2023 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Wooden joinery and carpentry production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from the Dominican Republic

After four years of decline, overseas shipments of builders' joinery and carpentry of wood increased by X% to X tons in 2023. Over the period under review, exports, however, faced a sharp decrease. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, wooden joinery and carpentry exports rose to $X in 2023. Overall, exports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for wooden joinery and carpentry exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, wooden joinery and carpentry exports to the United States exceeded the volume sent to the second major destination, Bahamas (X kg), threefold. Turks and Caicos Islands (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (X% per year) and Turks and Caicos Islands (X% per year).

In value terms, the largest markets for wooden joinery and carpentry exported from the Dominican Republic were the United States ($X), Bahamas ($X) and Haiti ($X), with a combined X% share of total exports. These countries were followed by Turks and Caicos Islands, which accounted for a further X%.

Among the main countries of destination, Turks and Caicos Islands, with a CAGR of X%, recorded 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

The average wooden joinery and carpentry export price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Anguilla (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into the Dominican Republic

In 2023, wooden joinery and carpentry imports into the Dominican Republic skyrocketed to X tons, growing by X% on the previous year. In general, imports continue to indicate buoyant growth. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry imports surged to $X in 2023. Over the period under review, imports recorded a resilient expansion. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of wooden joinery and carpentry imports to the Dominican Republic, together accounting for X% of total imports. Guatemala, Mexico, Canada and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of builders' joinery and carpentry of wood to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2023, the average wooden joinery and carpentry import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform