Dominican Republic: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in the Dominican Republic

In 2022, the Dominican rolled bitumen articles market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a strong increase. Rolled bitumen articles consumption peaked in 2022 and is likely to see gradual growth in the near future.

Rolled Bitumen Articles Exports

Exports from the Dominican Republic

In 2022, shipments abroad of articles of bitumen in rolls increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports saw noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, rolled bitumen articles exports skyrocketed to $X in 2022. In general, exports continue to indicate measured growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X square meters) was the main destination for rolled bitumen articles exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, rolled bitumen articles exports to Panama exceeded the volume sent to the second major destination, the United States (X square meters), sevenfold. The third position in this ranking was held by Jamaica (X square meters), with a X% share.

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

In value terms, Panama ($X) emerged as the key foreign market for articles of bitumen in rolls exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

In 2022, the average rolled bitumen articles export price amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the export price showed a slight decline. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2017 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 Haiti ($X per square meter), while the average price for exports to Jamaica ($X per square meter) was amongst the lowest.

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

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Rolled Bitumen Articles Imports

Imports into the Dominican Republic

In 2022, rolled bitumen articles imports into the Dominican Republic shrank to X square meters, which is down by X% on the previous year. In general, imports, however, showed a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X square meters in 2021, and then contracted in the following year.

In value terms, rolled bitumen articles imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X square meters), the United States (X square meters) and Canada (X square meters) were the main suppliers of rolled bitumen articles imports to the Dominican Republic, together accounting for X% of total imports.

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, the largest rolled bitumen articles suppliers to the Dominican Republic were Italy ($X), the United States ($X) and Canada ($X), together accounting for X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average rolled bitumen articles import price amounted to $X per square meter, jumping by X% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. Over the period under review, average import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Venezuela ($X per square meter), while the price for Russia ($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 Venezuela (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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