Price for Wood; Shingles and Shakes in the Dominican Republic - 2023

Contents:

1. Price for Wood; Shingles and Shakes in the Dominican Republic (CIF) - 2022
2. Price for Wood; Shingles and Shakes in the Dominican Republic (FOB) - 2022
3. Imports of Wood; Shingles and Shakes in the Dominican Republic
4. Exports of Wood; Shingles and Shakes in the Dominican Republic

Price for Wood; Shingles and Shakes in the Dominican Republic (CIF) - 2022

In 2022, the average wood; shingles and shakes import price amounted to $2,092 per ton, surging by 9.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 36% against the previous year. The import price peaked at $2,999 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Canada ($2,655 per ton), while the price for the United States amounted to $1,093 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.7%), while the prices for the other major suppliers experienced a decline.

Price for Wood; Shingles and Shakes in the Dominican Republic (FOB) - 2022

In 2022, the average wood; shingles and shakes export price amounted to $25,541 per ton, rising by 202% against the previous year. Over the period under review, the export price recorded a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Saint Lucia.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +7.3% per year.

Imports of Wood; Shingles and Shakes in the Dominican Republic

In 2022, the amount of wood; shingles and shakeses imported into the Dominican Republic surged to 436 tons, increasing by 3,106% against the previous year. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood; shingles and shakes imports skyrocketed to $912K in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wood; Shingles and Shakes to the Dominican Republic in 2022:

1. Canada (278.8 tons)
2. United States (157.0 tons)

Exports of Wood; Shingles and Shakes in the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in overseas shipments of wood; shingles and shakeses, which decreased by -76.8% to 790 kg in 2022. In general, exports showed a sharp decrease. The smallest decline of -14.8% was in 2021.

In value terms, wood; shingles and shakes exports fell dramatically to $20K in 2022. Over the period under review, exports continue to indicate a significant curtailment. The smallest decline of -16.4% was in 2021.

Top Export Markets for Wood; Shingles and Shakes from the Dominican Republic in 2022:

1. Saint Lucia (790.0 kg)

Source: IndexBox Market Intelligence Platform