Dominican Republic - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in the Dominican Republic - 2023
Contents:
- Concrete Reinforcing Bar Price in the Dominican Republic (FOB) - 2023
- Concrete Reinforcing Bar Price in the Dominican Republic (CIF) - 2023
- Concrete Reinforcing Bar Exports in the Dominican Republic
- Concrete Reinforcing Bar Imports in the Dominican Republic
Concrete Reinforcing Bar Price in the Dominican Republic (FOB) - 2023
The average concrete reinforcing bar export price stood at $908 per ton in March 2023, increasing by 19% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The export price peaked at $1,109 per ton in July 2022; however, from August 2022 to March 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was Haiti ($1,373 per ton), while the average price for exports to Saint Lucia ($710 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Concrete Reinforcing Bar Price in the Dominican Republic (CIF) - 2023
The average concrete reinforcing bar import price stood at $997 per ton in March 2023, remaining stable against the previous month. Over the period under review, the import price, however, showed a modest increase. The most prominent rate of growth was recorded in September 2022 an increase of 810% against the previous month. As a result, import price reached the peak level of $9,840 per ton. From October 2022 to March 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2023, the country with the highest price was Turkey ($1,092 per ton), while the price for Costa Rica amounted to $903 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%).
Concrete Reinforcing Bar Exports in the Dominican Republic
In 2022, approx. 171K tons of concrete reinforcing bars were exported from the Dominican Republic; jumping by 36% against 2021 figures. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 295% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, concrete reinforcing bar exports skyrocketed to $154M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 373%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Concrete Reinforcing Bar in the Dominican Republic (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 31.4 | 3.2 | 30.2 | 50.6 | 17.2% |
Haiti | 25.4 | 14.2 | 29.3 | 43.5 | 19.6% |
Guyana | N/A | N/A | 0.3 | 7.7 | 2466.7% |
Cayman Islands | 2.5 | 0.3 | 5.9 | 6.9 | 40.3% |
Turks and Caicos Islands | 1.8 | 0.4 | 1.1 | 6.7 | 55.0% |
Bahamas | 0.5 | 0.1 | 1.4 | 6.5 | 135.1% |
Antigua and Barbuda | 1.3 | 0.1 | 4.2 | 5.3 | 59.8% |
Dominica | 1.5 | 0.1 | 2.3 | 3.2 | 28.7% |
Saint Lucia | 0.9 | 0.1 | 2.5 | 2.6 | 42.4% |
Panama | N/A | N/A | 0.3 | 2.5 | 733.3% |
Saint Vincent and the Grenadines | 0.6 | N/A | 0.5 | 2.4 | 58.7% |
Suriname | 2.1 | N/A | 0.2 | 2.2 | 1.6% |
Jamaica | N/A | N/A | 2.9 | 2.1 | -27.6% |
Others | 4.9 | 0.2 | 7.2 | 11.2 | 31.7% |
Total | 72.9 | 18.7 | 88.4 | 154 | 28.3% |
Top Export Markets for Concrete Reinforcing Bar from the Dominican Republic in 2022:
- United States (61.3K tons)
- Haiti (42.6K tons)
- Guyana (9.0K tons)
- Turks and Caicos Islands (7.5K tons)
- Cayman Islands (7.5K tons)
- Bahamas (7.1K tons)
- Antigua and Barbuda (5.7K tons)
- Dominica (3.5K tons)
- Panama (3.4K tons)
- Jamaica (3.0K tons)
- Suriname (2.9K tons)
- Saint Lucia (2.9K tons)
- Saint Vincent and the Grenadines (2.6K tons)
Concrete Reinforcing Bar Imports in the Dominican Republic
In 2022, the amount of concrete reinforcing bars imported into the Dominican Republic soared to 105K tons, growing by 40% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +47.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, concrete reinforcing bar imports skyrocketed to $79M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Concrete Reinforcing Bar in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 22.7 | 31.9 | 43.5 | 73.2 | 47.7% |
Turkey | 3.4 | 3.8 | 0.8 | 5.1 | 14.5% |
Russia | N/A | 0.3 | 8.6 | N/A | 2766.7% |
Japan | 7.5 | 5.1 | 0.1 | N/A | -88.5% |
China | 5.7 | N/A | N/A | N/A | 0% |
Mexico | 3.3 | N/A | N/A | N/A | 0% |
Others | 2.1 | 0.5 | 2.4 | 0.6 | -34.1% |
Total | 44.7 | 41.7 | 55.4 | 78.9 | 20.9% |
Top Suppliers of Concrete Reinforcing Bar to the Dominican Republic in 2022:
- Japan (undefinedK tons)
- China (undefinedK tons)
- Costa Rica (99.0K tons)
- Turkey (5.9K tons)
This report provides an in-depth analysis of the concrete reinforcing bar 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 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
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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