Ferro-Alloys; Ferro-Nickel Price in the Dominican Republic - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in the Dominican Republic (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Exports in the Dominican Republic
Ferro-Alloys; Ferro-Nickel Price in the Dominican Republic (FOB) - 2023
The average ferro-alloys; ferro-nickel export price stood at $6,548 per ton in March 2023, stabilizing at the previous month. Over the period under review, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in November 2022 an increase of 17% m-o-m. Over the period under review, the average export prices hit record highs at $9,439 per ton in March 2022; however, from April 2022 to March 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In March 2023, the country with the highest price was South Korea ($6,715 per ton), while the average price for exports to China ($6,045 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 South Korea (+1.2%), while the prices for the other major destinations experienced a decline.
Ferro-Alloys; Ferro-Nickel Exports in the Dominican Republic
Ferro-alloys; ferro-nickel exports from the Dominican Republic skyrocketed to 95K tons in 2022, growing by 22% on 2021. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, ferro-alloys; ferro-nickel exports skyrocketed to $488M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Ferro-Alloys; Ferro-Nickel in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 194 | 136 | 120 | 188 | -1.0% |
| Italy | 14.0 | 13.4 | 28.4 | 44.6 | 47.1% |
| Netherlands | 1.9 | 40.5 | 46.6 | 35.5 | 165.4% |
| Sweden | 7.5 | 16.0 | 31.8 | 30.2 | 59.1% |
| United States | 23.7 | 18.1 | 29.2 | 24.4 | 1.0% |
| India | 3.6 | 6.4 | 8.2 | 10.6 | 43.3% |
| Spain | 17.3 | N/A | 1.4 | 10.6 | -15.1% |
| Others | 50.0 | 75.0 | 135 | 144 | 42.3% |
| Total | 312 | 305 | 401 | 488 | 16.1% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from the Dominican Republic in 2022:
- China (33.9K tons)
- Netherlands (12.8K tons)
- Italy (7.3K tons)
- Sweden (5.0K tons)
- India (1.7K tons)
- Spain (1.7K tons)
- United States (1.2K tons)
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This report provides an in-depth analysis of the ferro-alloys market in the Dominican Republic.
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This report provides an in-depth analysis of the miscellaneous ferro-alloys market in the Dominican Republic.
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This report provides an in-depth analysis of the ferro-chromium market in the Dominican Republic.
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This report provides an in-depth analysis of the ferro-silicon market in the Dominican Republic.
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This report provides an in-depth analysis of the ferro-manganese market in the Dominican Republic.
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This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in the Dominican Republic.
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This report provides an in-depth analysis of the ferro-silico-manganese market in the Dominican Republic.
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This report provides an in-depth analysis of the ferro-molybdenum market in the Dominican Republic.
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This report provides an in-depth analysis of the global ferro-alloys market.
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This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
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China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
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The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
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Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
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The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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Discover the top import markets for Ferro-Chromium and their impact on the global market. Learn about the key players driving demand for this essential alloy.
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Explore the top import markets for ferro-silicon and delve into the key statistics and numbers behind these markets. Learn about the demand drivers and trends in these key markets.
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Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
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Discover the leading countries for importing Ferro-Silico-Manganese and the key factors driving their demand. Learn about the global market trends and statistics.
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Explore the top import markets for Ferro-Molybdenum in the world, including key statistics on import values and market insights.
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In value terms, ferro-chromium exports totaled $9B in 2018. Over the period under review, the total exports indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +1.2% over the last eleven years.
