Chipped Non-Coniferous Wood Price in the Dominican Republic - 2023

Chipped Non-Coniferous Wood Price in the Dominican Republic (CIF) - 2022

The average chipped non-coniferous wood import price stood at $2,698 per cubic meter in 2022, surging by 55% against the previous year. Overall, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 an increase of 639% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Chile ($3,529 per cubic meter), while the price for the United States stood at $538 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+57.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Chipped Non-Coniferous Wood Price in the Dominican Republic (FOB) - 2022

The average chipped non-coniferous wood export price stood at $72 per cubic meter in 2022, growing by 13% against the previous year. Overall, the export price, however, saw a abrupt downturn. The growth pace was the most rapid in 2016 when the average export price increased by 1,775%. The export price peaked at $170 per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States amounted to -8.2% per year.

Chipped Non-Coniferous Wood Imports in the Dominican Republic

In 2022, chipped non-coniferous wood imports into the Dominican Republic skyrocketed to 54 cubic meters, growing by 116% compared with 2021. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chipped non-coniferous wood imports skyrocketed to $146K in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Chipped Non-Coniferous Wood in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	7.9	4.1	13.8	138	159.5%
United States	20.2	22.7	12.5	8.1	-26.3%
China	0.3	0.3	0.2	N/A	-18.4%
Germany	4.7	4.4	8.3	N/A	32.9%
Others	6.1	10.7	8.7	N/A	19.4%
Total	39.2	42.1	43.5	146	55.0%

Top Suppliers of Chipped Non-Coniferous Wood to the Dominican Republic in 2022:

Chile (39.0 cubic meters)
United States (15.0 cubic meters)

Chipped Non-Coniferous Wood Exports in the Dominican Republic

In 2022, shipments abroad of non-coniferous wood in chips or particles decreased by 0% to 4 cubic meters for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, chipped non-coniferous wood exports rose markedly to $287 in 2022. In general, exports recorded a abrupt descent. Over the period under review, the exports attained the maximum at $399 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.