Dominican Republic: Rolled Bitumen Articles Market 2022

Rolled Bitumen Articles Market Size in the Dominican Republic

In 2021, the Dominican rolled bitumen articles market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption showed prominent growth. Rolled bitumen articles consumption peaked in 2021 and is likely to see steady growth in years to come.

Rolled Bitumen Articles Exports

Exports from the Dominican Republic

Rolled bitumen articles exports from the Dominican Republic skyrocketed to X square meters in 2021, picking up by 279% compared with 2020 figures. Overall, exports, however, showed a deep slump. The exports peaked at X square meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, rolled bitumen articles exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X square meters), the United States (X square meters) and Haiti (X square meters) were the main destinations of rolled bitumen articles 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 Haiti (with a CAGR of +14.5%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Haiti ($X) and Panama ($X) constituted the largest markets for rolled bitumen articles exported from the Dominican Republic worldwide.

Haiti, with a CAGR of +31.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, rising by 31% against the previous year. Overall, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 47%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Haiti ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Bitumen Articles Imports

Imports into the Dominican Republic

After two years of decline, overseas purchases of articles of bitumen in rolls increased by 68% to X square meters in 2021. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 163%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, rolled bitumen articles imports soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest supplier of rolled bitumen articles to the Dominican Republic, accounting for a 48% share of total imports. Moreover, rolled bitumen articles imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X square meters), twofold. The third position in this ranking was held by Russia (X square meters), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.0% per year) and Russia (+17.1% per year).

In value terms, Italy ($X) constituted the largest supplier of rolled bitumen articles to the Dominican Republic, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Russia, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.0% per year) and Russia (+7.1% per year).

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2021, increasing by 7.6% against the previous year. Overall, the import price, however, recorded a deep setback. Over the period under review, average import prices reached the peak figure at $X per square meter in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :