Copper Wire Price in the Dominican Republic - 2023
Contents:
- Copper Wire Price in the Dominican Republic (CIF) - 2022
- Copper Wire Price in the Dominican Republic (FOB) - 2022
- Copper Wire Imports in the Dominican Republic
- Copper Wire Exports in the Dominican Republic
Copper Wire Price in the Dominican Republic (CIF) - 2022
The average copper wire import price stood at $7,739 per ton in 2022, reducing by -11% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. As a result, import price reached the peak level of $8,695 per ton, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($9,392 per ton), while the price for the United States ($4,957 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Copper Wire Price in the Dominican Republic (FOB) - 2022
In 2022, the average copper wire export price amounted to $6,874 per ton, which is down by -4.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 130%. As a result, the export price attained the peak level of $17,668 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
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 the United States ($6,952 per ton), while the average price for exports to Haiti stood at $2,962 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+129.7%), while the prices for the other major destinations experienced mixed trend patterns.
Copper Wire Imports in the Dominican Republic
In 2022, copper wire imports into the Dominican Republic reduced to 2.6K tons, with a decrease of -7% compared with 2021 figures. Over the period under review, imports showed a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of 2.8K tons, and then declined in the following year.
In value terms, copper wire imports shrank remarkably to $20M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +26.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $24M, and then reduced sharply in the following year.
| Import of Copper Wire in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.7 | 7.7 | 7.4 | 6.2 | 2.8% |
| Spain | 7.6 | 5.2 | 3.5 | 3.4 | -23.5% |
| United States | 2.4 | 1.8 | 1.9 | 1.9 | -7.5% |
| Brazil | 0.6 | 0.2 | 2.4 | 1.7 | 41.5% |
| Mexico | 0.6 | 0.3 | 0.7 | 0.3 | -20.6% |
| Canada | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| Germany | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | 0.2 | 0.1 | 7.9 | 6.2 | 214.1% |
| Total | 17.9 | 16.0 | 24.3 | 20.1 | 3.9% |
Top Suppliers of Copper Wire to the Dominican Republic in 2022:
- Belgium (715.2 tons)
- Spain (490.6 tons)
- United States (391.2 tons)
- Brazil (182.8 tons)
- Canada (46.3 tons)
- Mexico (26.5 tons)
- Germany (23.6 tons)
Copper Wire Exports in the Dominican Republic
In 2022, exports of copper wires from the Dominican Republic shrank rapidly to 4.1 tons, with a decrease of -31.1% against 2021 figures. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 683%. As a result, the exports attained the peak of 5.9 tons, and then shrank sharply in the following year.
In value terms, copper wire exports declined markedly to $28K in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 220%. As a result, the exports reached the peak of $43K, and then contracted rapidly in the following year.
| Export of Copper Wire in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 2.0 | 3.2 | 27.7 | 71.4% |
| Haiti | 5.9 | N/A | 0.7 | 0.2 | -67.6% |
| Costa Rica | N/A | N/A | 37.0 | N/A | 0% |
| Cuba | N/A | 4.0 | N/A | N/A | 0% |
| Others | 0.2 | 7.2 | 1.6 | N/A | 182.8% |
| Total | 11.7 | 13.3 | 42.5 | 27.9 | 33.6% |
Top Export Markets for Copper Wire from the Dominican Republic in 2022:
- United States (4.0 tons)
- Haiti (0.1 tons)
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