Dominican Republic: Wooden Window Market 2022

Wooden Window Market Size in the Dominican Republic

After two years of growth, the Dominican wooden window market decreased by -77% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Wooden Window Exports

Exports from the Dominican Republic

In 2021, overseas shipments of windows, french windows and their frames of wood decreased by -53.2% to X kg, falling for the sixth year in a row after two years of growth. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 61%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden window exports contracted markedly to $X in 2021. Over the period under review, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2014 with an increase of 39%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Panama (X kg) and Haiti (X kg) were the main destinations of wooden window exports from the Dominican Republic.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +48.4%), while the other leaders experienced mixed trend patterns.

In value terms, Panama ($X) emerged as the key foreign market for wooden window exports from the Dominican Republic, comprising 68% of total exports. The second position in the ranking was taken by the United States ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Panama totaled +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.1% per year) and Haiti (-44.6% per year).

Export Prices by Country

The average wooden window export price stood at $X per ton in 2021, shrinking by -21.6% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden window export price decreased by -27.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($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 Saint Lucia (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Window Imports

Imports into the Dominican Republic

In 2021, overseas purchases of windows, french windows and their frames of wood decreased by -81.1% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 171% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wooden window imports fell remarkably to $X in 2021. In general, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 183% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of wooden window to the Dominican Republic, accounting for a 69% share of total imports. Moreover, wooden window imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+13.6% per year) and Spain (-45.0% per year).

In value terms, the United States ($X) constituted the largest supplier of wooden window to the Dominican Republic, comprising 79% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+16.8% per year) and Spain (-47.3% per year).

Import Prices by Country

In 2021, the average wooden window import price amounted to $X per ton, jumping by 28% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden window import price increased by +104.8% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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