Dominican Republic - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in the Dominican Republic - 2023
Contents:
- MDF Price in the Dominican Republic (CIF) - 2022
- MDF Price in the Dominican Republic (FOB) - 2022
- MDF Imports in the Dominican Republic
- MDF Exports in the Dominican Republic
MDF Price in the Dominican Republic (CIF) - 2022
The average MDF import price stood at $550 per cubic meter in 2022, growing by 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 52%. The import price peaked at $575 per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($707 per cubic meter), while the price for Colombia ($313 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in the Dominican Republic (FOB) - 2022
In 2022, the average MDF export price amounted to $807 per cubic meter, falling by -19.3% against the previous year. Overall, the export price, however, saw a mild increase. The most prominent rate of growth was recorded in 2014 an increase of 624% against the previous year. Over the period under review, the average export prices hit record highs at $1,196 per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saint Vincent and the Grenadines ($1,261 per cubic meter), while the average price for exports to Haiti ($771 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+61.4%), while the prices for the other major destinations experienced mixed trend patterns.
MDF Imports in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in purchases abroad of MDF, which increased by 69% to 85K cubic meters in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, MDF imports surged to $47M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of MDF in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.0 | 8.4 | 15.1 | 30.6 | 56.4% |
| China | 1.2 | 1.1 | 1.7 | 12.1 | 116.0% |
| Italy | 0.2 | 0.1 | 0.1 | 1.1 | 76.5% |
| Chile | 0.6 | 0.4 | 1.7 | 0.9 | 14.5% |
| Spain | 0.8 | 0.5 | 1.3 | 0.6 | -9.1% |
| Thailand | 0.7 | 0.9 | 0.6 | N/A | -7.4% |
| Colombia | 1.7 | 1.6 | 1.5 | N/A | -6.1% |
| Others | 1.1 | 1.6 | 3.1 | 1.5 | 10.9% |
| Total | 14.4 | 14.5 | 25.1 | 46.9 | 48.2% |
Top Suppliers of MDF to the Dominican Republic in 2022:
- Brazil (52.7K cubic meters)
- China (26.0K cubic meters)
- Italy (1.6K cubic meters)
- Chile (1.6K cubic meters)
- Spain (1.2K cubic meters)
- Colombia (0.1K cubic meters)
MDF Exports in the Dominican Republic
MDF exports from the Dominican Republic surged to 641 cubic meters in 2022, rising by 316% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,467%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, MDF exports surged to $518K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 4,079% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of MDF in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 17.6 | 3.2 | 107 | 437 | 191.7% |
| Saint Vincent and the Grenadines | N/A | N/A | N/A | 35.3 | 0% |
| Venezuela | N/A | N/A | N/A | 27.0 | 0% |
| United States | 4.6 | 0.5 | 1.1 | 15.9 | 51.2% |
| Honduras | N/A | N/A | 45.5 | N/A | 0% |
| Jamaica | 18.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | 2.8 | 1300.0% |
| Total | 40.6 | 3.7 | 154 | 518 | 133.7% |
Top Export Markets for MDF from the Dominican Republic in 2022:
- Haiti (566.0 cubic meters)
- Saint Vincent and the Grenadines (28.0 cubic meters)
- Venezuela (25.0 cubic meters)
- United States (19.0 cubic meters)
This report provides an in-depth analysis of the mdf 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 1648 - MDF/HDF
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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