Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic - 2023

Contents:

1. Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic (CIF) - 2023
2. Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic (FOB) - 2023
3. Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic
4. Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic

Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $4,106 per ton, picking up by 14% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average import price increased by 1,381% m-o-m. As a result, import price attained the peak level of $65,027 per ton. From July 2022 to March 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($9,962 per ton), while the price for China ($2,994 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Italy (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic (FOB) - 2023

In March 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $5,104 per ton, growing by 7.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 9.7% month-to-month. As a result, the export price reached the peak level of $5,482 per ton. From June 2022 to March 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was France ($5,833 per ton), while the average price for exports to Haiti ($1,462 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic

In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into the Dominican Republic amounted to 18K tons, leveling off at the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +67.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $78M in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to the Dominican Republic in 2022:

1. China (16.8K tons)
2. Spain (1.2K tons)

Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Dominican Republic

In 2022, approx. 3.1K tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from the Dominican Republic; which is down by -39% on the previous year's figure. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 5,515% against the previous year. As a result, the exports attained the peak of 5.1K tons, and then shrank rapidly in the following year.

In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows declined rapidly to $16M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,363% against the previous year. As a result, the exports attained the peak of $20M, and then dropped rapidly in the following year.

Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from the Dominican Republic in 2022:

1. United States (2785.6 tons)
2. France (118.6 tons)
3. Canada (85.4 tons)
4. Colombia (75.9 tons)
5. Haiti (39.2 tons)

Source: IndexBox Market Intelligence Platform