Aluminium Wire Price in the Dominican Republic - 2023
Contents:
- Aluminium Wire Price in the Dominican Republic (CIF) - 2022
- Aluminium Wire Price in the Dominican Republic (FOB) - 2022
- Aluminium Wire Imports in the Dominican Republic
- Aluminium Wire Exports in the Dominican Republic
Aluminium Wire Price in the Dominican Republic (CIF) - 2022
In 2022, the average aluminium wire import price amounted to $3,484 per ton, shrinking by -5.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 15%. As a result, import price attained the peak level of $3,841 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,865 per ton), while the price for Venezuela ($1,255 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 (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Price in the Dominican Republic (FOB) - 2022
The average aluminium wire export price stood at $19,248 per ton in 2022, increasing by 135% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 198%. Over the period under review, the average export prices hit record highs at $29,460 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($753,632 per ton), while the average price for exports to the United States amounted to $5,380 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+26.0%).
Aluminium Wire Imports in the Dominican Republic
In 2022, purchases abroad of aluminium wires increased by 11% to 208 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic shrinkage.
In value terms, aluminium wire imports rose notably to $725K in 2022. In general, imports, however, showed a abrupt decrease.
| Import of Aluminium Wire in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 888 | 413 | 500 | 533 | -15.6% |
| Venezuela | 246 | 116 | 103 | 82.6 | -30.5% |
| United States | 84.3 | 185 | 21.9 | 68.3 | -6.8% |
| Colombia | 35.3 | 14.3 | 10.9 | 7.5 | -40.3% |
| Others | 101 | 33.1 | 52.9 | 34.1 | -30.4% |
| Total | 1,355 | 761 | 690 | 725 | -18.8% |
Top Suppliers of Aluminium Wire to the Dominican Republic in 2022:
- China (133.0 tons)
- Venezuela (65.8 tons)
- United States (4.1 tons)
- Colombia (2.3 tons)
Aluminium Wire Exports in the Dominican Republic
Aluminium wire exports from the Dominican Republic fell notably to 113 kg in 2022, waning by -45.1% on 2021 figures. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year.
In value terms, aluminium wire exports surged to $2.2K in 2022. Overall, exports saw a abrupt slump.
| Export of Aluminium Wire in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 3.1 | 2.2 | 1.1 | 1.6 | -19.8% |
| United States | 1.2 | 0.5 | 0.5 | 0.6 | -20.6% |
| France | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 4.2 | 2.7 | 1.7 | 2.2 | -19.4% |
Top Export Markets for Aluminium Wire from the Dominican Republic in 2022:
- United States (111.0 kg)
- Haiti (2.0 kg)
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