Dominican Republic: Aluminium Market 2024

Aluminium Market Size in the Dominican Republic

The Dominican aluminium market declined to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Aluminium consumption peaked at $X in 2021, and then shrank in the following year.

Aluminium Production in the Dominican Republic

In value terms, aluminium production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Aluminium Exports

Exports from the Dominican Republic

In 2022, aluminium exports from the Dominican Republic dropped significantly to X tons, waning by X% compared with the previous year. Overall, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium exports contracted notably to $X in 2022. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for aluminium exports from the Dominican Republic, with a X% share of total exports. It was followed by Haiti (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%.

In value terms, France ($X) remains the key foreign market for aluminum (unwrought, not alloyed) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%.

Export Prices by Country

The average aluminium export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Haiti amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%).

Aluminium Imports

Imports into the Dominican Republic

After two years of growth, purchases abroad of aluminum (unwrought, not alloyed) decreased by X% to X tons in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank significantly in the following year.

In value terms, aluminium imports reduced sharply to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of aluminium to the Dominican Republic, with a X% share of total imports. Moreover, aluminium imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and South Africa (X% per year).

In value terms, India ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :