Dominican Republic: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in the Dominican Republic

The Dominican assembled parquet panels market expanded rapidly to $X in 2022, growing by X% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Assembled Parquet Panels Exports

Exports from the Dominican Republic

In 2022, the amount of assembled parquet panels exported from the Dominican Republic contracted to X square meters, which is down by X% on the year before. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, assembled parquet panels exports shrank slightly to $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Jamaica (X square meters) was the main destination for assembled parquet panels exports from the Dominican Republic, with a X% share of total exports. Moreover, assembled parquet panels exports to Jamaica exceeded the volume sent to the second major destination, Haiti (X square meters), threefold.

From 2012 to 2022, the average annual growth rate of volume to Jamaica totaled X%.

In value terms, Haiti ($X) and Jamaica ($X) constituted the largest markets for assembled parquet panels exported from the Dominican Republic worldwide.

In terms of the main countries of destination, Haiti, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average assembled parquet panels export price amounted to $X per square meter, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per square meter), while the average price for exports to Jamaica stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Assembled Parquet Panels Imports

Imports into the Dominican Republic

In 2022, approx. X square meters of assembled parquet panels were imported into the Dominican Republic; with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, assembled parquet panels imports rose markedly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X square meters), the United States (X square meters) and Malaysia (X square meters) were the main suppliers of assembled parquet panels imports to the Dominican Republic, with a combined X% share of total imports. Spain, Peru, Italy and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of assembled parquet panels to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

Import Prices by Country

The average assembled parquet panels import price stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a mild reduction. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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