Price for Iron or Steel; Cast Articles in the Dominican Republic - 2023
Contents:
- Price for Iron or Steel; Cast Articles in the Dominican Republic (CIF) - 2022
- Price for Iron or Steel; Cast Articles in the Dominican Republic (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in the Dominican Republic
- Exports of Iron or Steel; Cast Articles in the Dominican Republic
Price for Iron or Steel; Cast Articles in the Dominican Republic (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $2,144 per ton, with an increase of 27% against the previous year. In general, the import price, however, continues to indicate a sharp decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 20,454%. As a result, import price reached the peak level of $350,135 per ton. From 2016 to 2022, the average import prices remained at a 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 ($1,865 per ton), while the price for Mexico ($687 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel; Cast Articles in the Dominican Republic (FOB) - 2022
In 2022, the average export price for iron or steel; cast articleses amounted to $9,119 per ton, shrinking by -77% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 3,604%. As a result, the export price reached the peak level of $39,667 per ton, and then plummeted in the following year.
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 Jamaica ($1,673 per ton), while the average price for exports to Honduras ($87 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 Germany (+4.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Steel; Cast Articles in the Dominican Republic
In 2022, the amount of iron or steel; cast articleses imported into the Dominican Republic surged to 8.1K tons, growing by 118% compared with 2021 figures. In general, imports recorded a resilient increase.
In value terms, iron or steel; cast articles imports skyrocketed to $17M in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 5.0 | 2.3 | 5.1 | 4.3% |
| China | 2.4 | 1.9 | 1.7 | 1.0 | -25.3% |
| Mexico | 0.1 | 0.7 | 0.2 | 0.4 | 58.7% |
| Spain | 0.2 | N/A | 0.1 | 0.4 | 26.0% |
| India | 0.9 | 0.6 | 0.5 | 0.3 | -30.7% |
| Thailand | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Brazil | 0.4 | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.3 | 5.0 | 1.4 | 10.2 | 224.0% |
| Total | 9.0 | 13.6 | 6.3 | 17.4 | 24.6% |
Top Suppliers of Iron or Steel; Cast Articles to the Dominican Republic in 2022:
- Brazil (undefinedK tons)
- United States (2.7K tons)
- China (1.4K tons)
- Mexico (0.6K tons)
- India (0.2K tons)
- Spain (0.2K tons)
- Thailand (0.1K tons)
Exports of Iron or Steel; Cast Articles in the Dominican Republic
In 2022, shipments abroad of iron or steel; cast articleses decreased by -41.8% to 3.2 tons, falling for the second year in a row after two years of growth. In general, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. As a result, the exports reached the peak of 19 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron or steel; cast articles exports shrank notably to $29K in 2022. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 963%. As a result, the exports attained the peak of $220K, and then shrank rapidly in the following year.
| Export of Iron or Steel; Cast Articles in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.2 | 23.1 | 7.1 | 19.5 | 16.9% |
| Haiti | 5.2 | 2.9 | 0.8 | 2.2 | -24.9% |
| Jamaica | 1.2 | 2.7 | 0.3 | 0.8 | -12.6% |
| Netherlands | 0.9 | 3.6 | 0.4 | 0.7 | -8.0% |
| Antigua and Barbuda | 15.2 | N/A | N/A | N/A | 0% |
| Grenada | 13.0 | N/A | N/A | N/A | 0% |
| Curacao | 10.1 | N/A | N/A | N/A | 0% |
| Others | 11.2 | -11.5 | 212 | 6.2 | -17.9% |
| Total | 69.1 | 20.7 | 220 | 29.5 | -24.7% |
Top Export Markets for Iron or Steel; Cast Articles from the Dominican Republic in 2022:
- Germany (27.2 tons)
- Haiti (1.6 tons)
- Netherlands (0.6 tons)
- Jamaica (0.5 tons)
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