Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.3 per unit in 2022, surging by 25% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for millstones, grindstones, grinding wheels and the like; of natural stones increased by +104.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 46% against the previous year. The import price peaked at $0.3 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($0.9 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.2 per unit, which is down by -17.3% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 1,422%. As a result, the export price attained the peak level of $2.4 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($0.3 per unit), while the average price for exports to the United States amounted to $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-6.0%), while the prices for the other major destinations experienced a decline.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic

In 2022, approx. 471K units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into the Dominican Republic; which is down by -38.6% compared with the previous year's figure. In general, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked at 968K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones contracted markedly to $159K in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $208K, and then shrank rapidly in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to the Dominican Republic in 2022:

1. Mexico (348.9K units)
2. China (57.4K units)
3. Spain (22.6K units)
4. Belgium (16.0K units)
5. United States (14.6K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Dominican Republic

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from the Dominican Republic contracted remarkably to 4.9K units, which is down by -27.6% against 2021. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 956% against the previous year. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 6.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones reduced markedly to $748 in 2022. In general, exports showed a mild setback. The pace of growth was the most pronounced in 2021 when exports increased by 1,405%. As a result, the exports reached the peak of $1.2K, and then declined rapidly in the following year.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from the Dominican Republic in 2022:

1. United States (4.8K units)
2. Haiti (0.1K units)

Source: IndexBox Market Intelligence Platform