Dominican Republic: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in the Dominican Republic

The Dominican natural stone sett market fell modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw resilient growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Natural Stone Sett Production in the Dominican Republic

In value terms, natural stone sett production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Natural Stone Sett Exports

Exports from the Dominican Republic

In 2022, shipments abroad of natural stone setts, kerbstones and flagstones increased by X% to X tons, rising for the second year in a row after three years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, natural stone sett exports surged to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for natural stone sett exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, natural stone sett exports to the United States exceeded the volume sent to the second major destination, British Virgin Islands (X tons), more than tenfold. The third position in this ranking was taken by Costa Rica (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Barbados ($X), with a X% share of total exports. It was followed by Antigua and Barbuda, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (X% per year) and Antigua and Barbuda (X% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 Barbados ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into the Dominican Republic

Natural stone sett imports into the Dominican Republic soared to X tons in 2022, growing by X% on 2021 figures. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, natural stone sett imports soared to $X in 2022. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Indonesia (X tons) and Spain (X tons) were the main suppliers of natural stone sett imports to the Dominican Republic, together comprising X% of total imports. The United States and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Argentina ($X) and Spain ($X) were the largest natural stone sett suppliers to the Dominican Republic, together accounting for X% of total imports. The United States and China lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the average natural stone sett import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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