Dominican Republic: Granite Building Stone Market 2024

Granite Building Stone Market Size in the Dominican Republic

The Dominican granite building stone market surged to $X in 2021, jumping by 150% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Granite Building Stone Exports

Exports from the Dominican Republic

In 2021, granite building stone exports from the Dominican Republic declined notably to X tons, which is down by -16.4% on the previous year. In general, exports saw a deep downturn. The growth pace was the most rapid in 2016 with an increase of 888% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, granite building stone exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 968%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for granite building stone exports from the Dominican Republic, accounting for a 55% share of total exports. Moreover, granite building stone exports to the Netherlands exceeded the volume sent to the second major destination, Haiti (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+28.0% per year) and Turks and Caicos Islands (+44.9% per year).

In value terms, the largest markets for granite building stone exported from the Dominican Republic were Haiti ($X), the Netherlands ($X) and Turks and Caicos Islands ($X), with a combined 99.9% share of total exports.

In terms of the main countries of destination, Turks and Caicos Islands, with a CAGR of +52.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average granite building stone export price amounted to $X per ton, reducing by -13.9% against the previous year. Overall, the export price saw a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 67%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Granite Building Stone Imports

Imports into the Dominican Republic

In 2021, granite building stone imports into the Dominican Republic skyrocketed to X tons, picking up by 180% on the previous year's figure. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, granite building stone imports surged to $X in 2021. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest granite building stone supplier to the Dominican Republic, with a 47% share of total imports. Moreover, granite building stone imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Egypt (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+22.5% per year) and Egypt (+175.0% per year).

In value terms, the largest granite building stone suppliers to the Dominican Republic were Brazil ($X), Spain ($X) and China ($X), together comprising 80% of total imports. Egypt and India lagged somewhat behind, together accounting for a further 19%.

Egypt, with a CAGR of +163.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average granite building stone import price amounted to $X per ton, waning by -17.8% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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