Dominican Republic - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCoated Arc-Welding Electrode Price in the Dominican Republic - 2023
Contents:
- Coated Arc-Welding Electrode Price in the Dominican Republic (CIF) - 2023
- Coated Arc-Welding Electrode Price in the Dominican Republic (FOB) - 2023
- Coated Arc-Welding Electrode Imports in the Dominican Republic
- Coated Arc-Welding Electrode Exports in the Dominican Republic
Coated Arc-Welding Electrode Price in the Dominican Republic (CIF) - 2023
The average coated arc-welding electrode import price stood at $4,236 per ton in March 2023, increasing by 13% against the previous month. In general, import price indicated a modest expansion from March 2022 to March 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, coated arc-welding electrode import price increased by +31.1% against December 2022 indices. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 48% month-to-month. The import price peaked at $5,194 per ton in July 2022; however, from August 2022 to March 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($16,742 per ton), while the price for India ($2,600 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Coated Arc-Welding Electrode Price in the Dominican Republic (FOB) - 2023
In March 2023, the average coated arc-welding electrode export price amounted to $2,021 per ton, with an increase of 7.3% against the previous month. Over the period under review, the export price saw a tangible expansion. The most prominent rate of growth was recorded in June 2022 an increase of 1,484% against the previous month. As a result, the export price reached the peak level of $30,710 per ton. From July 2022 to March 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From March 2022 to March 2023, the rate of growth in terms of prices for Haiti amounted to +2.2% per month.
Coated Arc-Welding Electrode Imports in the Dominican Republic
In 2022, approx. 1.4K tons of coated base metal electrodes for electric arc-welding were imported into the Dominican Republic; with a decrease of -4.1% on the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 1.5K tons, and then declined slightly in the following year.
In value terms, coated arc-welding electrode imports skyrocketed to $4.8M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.7% 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 +54.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Coated Arc-Welding Electrode in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,053 | 754 | 1,421 | 1,481 | 12.0% |
United States | 1,333 | 763 | 690 | 1,142 | -5.0% |
Mexico | 927 | 566 | 825 | 1,125 | 6.7% |
Guatemala | 240 | 279 | 316 | 406 | 19.2% |
India | 60.0 | 35.1 | 173 | 205 | 50.6% |
South Korea | 143 | 129 | 332 | 83.3 | -16.5% |
Others | 151 | 558 | 148 | 310 | 27.1% |
Total | 3,907 | 3,084 | 3,906 | 4,753 | 6.8% |
Top Suppliers of Coated Arc-Welding Electrode to the Dominican Republic in 2022:
- China (585.7 tons)
- Mexico (283.5 tons)
- United States (195.7 tons)
- Guatemala (178.7 tons)
- India (82.3 tons)
- South Korea (42.4 tons)
Coated Arc-Welding Electrode Exports in the Dominican Republic
In 2022, overseas shipments of coated base metal electrodes for electric arc-welding decreased by -48.7% to 333 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 5.8% against the previous year. As a result, the exports reached the peak of 793 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, coated arc-welding electrode exports fell remarkably to $649K in 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports attained the peak of $1.5M, and then fell sharply in the following year.
Export of Coated Arc-Welding Electrode in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 1,084 | 1,223 | 1,117 | 561 | -19.7% |
United States | 10.8 | 0.3 | 376 | 70.5 | 86.9% |
Jamaica | 2.1 | N/A | N/A | 15.7 | 95.5% |
Others | 9.2 | 31.9 | 43.3 | 1.3 | -47.9% |
Total | 1,106 | 1,255 | 1,537 | 649 | -16.3% |
Top Export Markets for Coated Arc-Welding Electrode from the Dominican Republic in 2022:
- Haiti (313.6 tons)
- United States (10.1 tons)
- Jamaica (9.2 tons)
This report provides an in-depth analysis of the coated arc-welding electrode 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 25931510 - Base metal coated electrodes for electric arc-welding
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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This report provides an in-depth analysis of the coated arc-welding electrode market in the Dominican Republic.
This report provides an in-depth analysis of the cored arc-welding wire market in the Dominican Republic.
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