Price for Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic - 2022

Contents:

1. Price for Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic (CIF) - 2022
2. Price for Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic (FOB) - 2022
3. Imports of Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic
4. Exports of Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic

Price for Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $6,745 per ton in 2022, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 24%. The import price peaked at $9,656 per ton in 2017; however, from 2018 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 the United States ($15,492 per ton), while the price for Indonesia ($5,697 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic (FOB) - 2022

The average export price for wood; statuettes and other ornaments of wood stood at $7,690 per ton in 2022, with an increase of 3.4% against the previous year. In general, the export price showed a slight increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27%. The export price peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +15.5% per year.

Imports of Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic

In 2022, approx. 187 tons of wood; statuettes and other ornaments of wood were imported into the Dominican Republic; growing by 4.6% compared with the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of wood; statuettes and other ornaments of wood rose remarkably to $1.3M in 2022. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to the Dominican Republic in 2022:

1. China (132.1 tons)
2. Indonesia (35.4 tons)
3. United States (13.8 tons)
4. Thailand (4.6 tons)

Exports of Wood; Statuettes and Other Ornaments of Wood in the Dominican Republic

In 2022, shipments abroad of wood; statuettes and other ornaments of wood decreased by -9.9% to 2.6 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, the exports attained the peak of 4.3 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wood; statuettes and other ornaments of wood fell to $20K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 72%. As a result, the exports reached the peak of $25K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from the Dominican Republic in 2022:

1. United States (2.6 tons)

Source: IndexBox Market Intelligence Platform