Price for Chain and Parts Thereof, of Iron or Steel in the Dominican Republic - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in the Dominican Republic (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in the Dominican Republic (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in the Dominican Republic
4. Exports of Chain and Parts Thereof, of Iron or Steel in the Dominican Republic

Price for Chain and Parts Thereof, of Iron or Steel in the Dominican Republic (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $8,754 per ton, rising by 20% against the previous year. Overall, the import price showed a measured increase. The most prominent rate of growth was recorded in 2015 an increase of 264%. As a result, import price reached the peak level of $22,718 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Italy ($16,810 per ton), while the price for Hong Kong SAR ($4,883 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in the Dominican Republic (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $19,006 per ton, surging by 169% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 304%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($22,296 per ton), while the average price for exports to the United States stood at $14,180 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.3%).

Imports of Chain and Parts Thereof, of Iron or Steel in the Dominican Republic

In 2022, the amount of chain and parts thereof, of iron or steel imported into the Dominican Republic rose rapidly to 1.2K tons, growing by 14% compared with 2021 figures. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel soared to $10M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to the Dominican Republic in 2022:

1. China (827.0 tons)
2. United States (185.8 tons)
3. Italy (70.5 tons)
4. Hong Kong SAR (18.8 tons)
5. Japan (12.1 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in the Dominican Republic

In 2022, exports of chain and parts thereof, of iron or steel from the Dominican Republic dropped sharply to 5.3 tons, which is down by -97.9% against the previous year's figure. Over the period under review, exports recorded a precipitous decrease. The smallest decline of -11.8% was in 2020.

In value terms, exports of chain and parts thereof, of iron or steel reduced dramatically to $109K in 2022. Overall, exports continue to indicate a precipitous curtailment. The smallest decline of -26.1% was in 2020.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from the Dominican Republic in 2022:

1. Haiti (4.2 tons)
2. United States (1.1 tons)

Source: IndexBox Market Intelligence Platform