Dominican Republic - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in the Dominican Republic - 2023
Contents:
- Price for Steel and Iron Articles in the Dominican Republic (CIF) - 2023
- Price for Steel and Iron Articles in the Dominican Republic (FOB) - 2022
- Imports of Steel and Iron Articles in the Dominican Republic
- Exports of Steel and Iron Articles in the Dominican Republic
Price for Steel and Iron Articles in the Dominican Republic (CIF) - 2023
In March 2023, the average steel and iron articles import price amounted to $16,089 per ton, waning by -5.6% against the previous month. In general, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 459% m-o-m. The import price peaked at $22,485 per ton in September 2022; however, from October 2022 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,775 per ton), while the price for Mexico ($6,632 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 Mexico (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel and Iron Articles in the Dominican Republic (FOB) - 2022
In 2022, the average steel and iron articles export price amounted to $3,170 per ton, surging by 14% against the previous year. Overall, the export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 78% against the previous year. Over the period under review, the average export prices reached the maximum at $8,365 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,430 per ton), while the average price for exports to the UK ($495 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1,503.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel and Iron Articles in the Dominican Republic
In 2022, approx. 22K tons of articles of iron or steel were imported into the Dominican Republic; jumping by 35% against the previous year's figure. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, steel and iron articles imports expanded to $209M in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 61%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Steel and Iron Articles in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 60.1 | 70.1 | 131 | 130 | 29.3% |
| China | 27.6 | 24.6 | 40.1 | 46.0 | 18.6% |
| Spain | 7.1 | 1.8 | 2.5 | 5.0 | -11.0% |
| United Kingdom | 12.1 | 19.3 | 0.9 | 3.0 | -37.2% |
| South Korea | 0.1 | 0.1 | 0.1 | 2.7 | 200.0% |
| Mexico | 1.5 | 1.2 | 3.8 | 1.8 | 6.3% |
| Others | 9.2 | 7.2 | 20.9 | 20.4 | 30.4% |
| Total | 118 | 124 | 200 | 209 | 21.0% |
Top Suppliers of Steel and Iron Articles to the Dominican Republic in 2022:
- United States (9.8K tons)
- China (9.1K tons)
- Spain (0.7K tons)
- Mexico (0.3K tons)
- United Kingdom (0.3K tons)
- South Korea (0.3K tons)
Exports of Steel and Iron Articles in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in overseas shipments of articles of iron or steel, which increased by 37% to 2.7K tons in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 120%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, steel and iron articles exports skyrocketed to $8.7M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel and Iron Articles in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,566 | 2,299 | 1,614 | 3,127 | 6.8% |
| Haiti | 805 | 849 | 2,176 | 3,072 | 56.3% |
| Colombia | N/A | N/A | 132 | 329 | 149.2% |
| China | 245 | 52.5 | 198 | 250 | 0.7% |
| Grenada | 46.2 | 6.2 | 18.7 | 144 | 46.1% |
| El Salvador | N/A | N/A | N/A | 44.6 | 0% |
| United Kingdom | N/A | 0.1 | 7.8 | 29.1 | 1605.9% |
| Greece | N/A | N/A | 243 | N/A | 0% |
| Others | 1,014 | 775 | 1,164 | 1,678 | 18.3% |
| Total | 4,676 | 3,982 | 5,553 | 8,673 | 22.9% |
Top Export Markets for Steel and Iron Articles from the Dominican Republic in 2022:
- Haiti (947.0 tons)
- United States (575.8 tons)
- Colombia (446.6 tons)
- China (191.6 tons)
- Grenada (124.3 tons)
- El Salvador (70.9 tons)
- United Kingdom (58.8 tons)
This report provides an in-depth analysis of the market for steel and iron articles in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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