Dominican Republic - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in the Dominican Republic - 2023
Contents:
- Gold Price in the Dominican Republic (FOB) - 2023
- Gold Price in the Dominican Republic (CIF) - 2023
- Gold Exports in the Dominican Republic
- Gold Imports in the Dominican Republic
Gold Price in the Dominican Republic (FOB) - 2023
In March 2023, the average gold export price amounted to $17.3M per ton, growing by 2.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 57% month-to-month. As a result, the export price reached the peak level of $19,970 per kg; afterwards, it flattened through to March 2023.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Switzerland ($20.2M per ton), while the average price for exports to the United States ($7.3M 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 Switzerland (+1.5%), while the prices for the other major destinations experienced a decline.
Gold Price in the Dominican Republic (CIF) - 2023
In March 2023, the average gold import price amounted to $21.9M per ton, waning by -1.8% against the previous month. Overall, the import price, however, recorded measured growth. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 457% against the previous month. As a result, import price attained the peak level of $73,184 per kg. From May 2022 to March 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($36.7M per ton), while the price for the United States amounted to $10.8M per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.1%).
Gold Exports in the Dominican Republic
After two years of decline, shipments abroad of gold increased by 3.3% to 123 tons in 2022. Overall, exports, however, saw a deep reduction.
In value terms, gold exports shrank modestly to $1.8B in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 8.4%.
Export of Gold in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 767 | 1,151 | 774 | 824 | 2.4% |
India | 402 | 178 | 583 | 577 | 12.8% |
Canada | 300 | 359 | 337 | 334 | 3.6% |
United States | 155 | 75.1 | 133 | 57.1 | -28.3% |
Others | 5.0 | 3.2 | 4.0 | 6.1 | 6.9% |
Total | 1,629 | 1,766 | 1,831 | 1,799 | 3.4% |
Top Export Markets for Gold from the Dominican Republic in 2022:
- Switzerland (49.8 tons)
- India (36.0 tons)
- Canada (35.9 tons)
- United States (0.9 tons)
Gold Imports in the Dominican Republic
In 2022, gold imports into the Dominican Republic shrank sharply to 4 tons, waning by -34.1% compared with 2021. Over the period under review, imports saw a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 72%. As a result, imports attained the peak of 6 tons, and then fell notably in the following year.
In value terms, gold imports contracted markedly to $148M in 2022. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 107% against the previous year. As a result, imports attained the peak of $200M, and then contracted remarkably in the following year.
Import of Gold in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 76.4 | 86.4 | 117 | 87.8 | 4.7% |
United States | 13.3 | 10.0 | 8.6 | 0.9 | -59.2% |
Others | N/A | N/A | 73.7 | 59.4 | -19.4% |
Total | 89.7 | 96.5 | 200 | 148 | 18.2% |
Top Suppliers of Gold to the Dominican Republic in 2022:
- Italy (2.1 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the gold market 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 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
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
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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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