Dominican Republic: Wood Tool Market 2024

Wood Tool Market Size in the Dominican Republic

The Dominican wood tool market reduced to $X in 2022, dropping 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). Overall, consumption, however, saw a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Wood Tool Exports

Exports from the Dominican Republic

In 2022, after four years of decline, there was significant growth in overseas shipments of tools of wood, when their volume increased by X% to X tons. In general, exports enjoyed perceptible growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood tool exports soared to $X in 2022. Overall, exports saw perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for wood tool exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, wood tool exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the largest markets for wood tool exported from the Dominican Republic were the United States ($X), Haiti ($X) and the UK ($X), with a combined X% share of total exports. Jamaica, Aruba, Trinidad and Tobago and Switzerland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Jamaica, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average wood tool export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Switzerland ($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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wood Tool Imports

Imports into the Dominican Republic

Wood tool imports into the Dominican Republic fell rapidly to X tons in 2022, with a decrease of X% on 2021. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, wood tool imports dropped to $X in 2022. In general, total imports indicated a strong increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

China (X tons), Honduras (X tons) and Brazil (X tons) were the main suppliers of wood tool imports to the Dominican Republic, with a combined X% share of total imports. Venezuela, Mexico, El Salvador and the United States 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 Venezuela (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Honduras ($X) and Brazil ($X) were the largest wood tool suppliers to the Dominican Republic, together accounting for X% of total imports. Mexico, Venezuela, El Salvador and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Venezuela, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood tool import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :