Report Update: May 1, 2024

Dominican Republic - Table, Kitchen Or Household Articles And Parts Of Iron - Market Analysis, Forecast, Size, Trends And Insights

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Iron Household Articles Price in the Dominican Republic - 2023

Iron Household Articles Price in the Dominican Republic (CIF) - 2023

In March 2023, the average iron household articles import price amounted to $5,831 per ton, picking up by 74% against the previous month. Over the period under review, the import price enjoyed a moderate increase. The pace of growth appeared the most rapid in December 2022 an increase of 116% against the previous month. The import price peaked at $10,539 per ton in September 2022; however, from October 2022 to March 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($11,765 per ton), while the price for Brazil ($1,297 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 (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Iron Household Articles Price in the Dominican Republic (FOB) - 2022

The average iron household articles export price stood at $5,061 per ton in 2022, jumping by 19% against the previous year. Over the period under review, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 115%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($24,904 per ton), while the average price for exports to Guatemala ($2,198 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports in the Dominican Republic

In 2022, approx. 1.4K tons of table, kitchen or household articles and parts of iron were imported into the Dominican Republic; increasing by 31% against 2021 figures. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 136% against the previous year. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, iron household articles imports amounted to $6.5M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 172% against the previous year. As a result, imports reached the peak of $7.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Iron Household Articles in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,091	4,308	2,148	2,040	23.2%
United States	588	898	535	1,456	35.3%
Spain	510	539	381	386	-8.9%
India	139	321	199	189	10.8%
Turkey	52.6	197	59.8	58.5	3.6%
Hong Kong SAR	47.4	202	49.8	47.3	-0.1%
Others	241	808	2,396	2,346	113.5%
Total	2,671	7,274	5,769	6,522	34.7%

Top Suppliers of Iron Household Articles to the Dominican Republic in 2022:

China (847.1 tons)
United States (81.0 tons)
Spain (64.6 tons)
India (22.3 tons)
Turkey (10.4 tons)
Hong Kong SAR (9.3 tons)

Iron Household Articles Exports in the Dominican Republic

In 2022, shipments abroad of table, kitchen or household articles and parts of iron decreased by -21% to 9.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 97%.

In value terms, iron household articles exports contracted to $46K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.4% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 82%.

Export of Iron Household Articles in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.3	9.4	23.5	22.8	62.6%
Suriname	0.6	2.7	7.9	7.6	133.1%
Jamaica	4.7	8.0	3.7	3.6	-8.5%
Haiti	0.8	4.9	2.5	2.7	50.0%
Italy	0.9	1.8	1.0	1.2	10.1%
Guatemala	2.0	1.7	0.8	0.8	-26.3%
Venezuela	0.3	1.1	0.6	0.7	32.6%
Canada	N/A	N/A	1.6	N/A	0%
Others	9.1	13.7	7.2	6.8	-9.3%
Total	23.8	43.4	48.8	46.1	24.7%

Top Export Markets for Iron Household Articles from the Dominican Republic in 2022:

United States (4.1 tons)
Suriname (1.7 tons)
Haiti (1.1 tons)
Jamaica (0.4 tons)
Italy (0.4 tons)
Guatemala (0.3 tons)
Venezuela (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron household articles 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 25991245 - Table, kitchen or household articles and parts thereof of iron other than cast iron, or steel other than stainless (excl. enamelled)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023