Metals; Platinum, Semi-Manufactured Price in the Dominican Republic - 2023

Metals; Platinum, Semi-Manufactured Price in the Dominican Republic (CIF) - 2023

The average metals; platinum, semi-manufactured import price stood at $29.1M per ton in March 2023, surging by 609% against the previous month. Overall, the import price saw a perceptible expansion. Over the period under review, average import prices hit record highs at $37.1M per ton in June 2022; afterwards, it flattened through to March 2023.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +3.4% per month.

Metals; Platinum, Semi-Manufactured Price in the Dominican Republic (FOB) - 2022

In 2022, the average metals; platinum, semi-manufactured export price amounted to $34,515,000 per ton, jumping by 49% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 an increase of 266%. The export price peaked in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +534.6% per year.

Metals; Platinum, Semi-Manufactured Imports in the Dominican Republic

In 2022, supplies from abroad of metals; platinum, semi-manufactureds decreased by -20.8% to 859 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 9.1% against the previous year.

In value terms, metals; platinum, semi-manufactured imports reduced rapidly to $29M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $36M, and then fell markedly in the following year.

Import of Metals; Platinum, Semi-Manufactured in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	29.0	21.5	35.9	28.9	-0.1%
Others	N/A	N/A	N/A	N/A	0%
Total	29.0	21.6	35.9	28.9	-0.1%

Top Suppliers of Metals; Platinum, Semi-Manufactured to the Dominican Republic in 2022:

United States (859.0 kg)

Metals; Platinum, Semi-Manufactured Exports in the Dominican Republic

In 2022, metals; platinum, semi-manufactured exports from the Dominican Republic was estimated at 1 kg, standing approx. at the previous year's figure. In general, exports showed a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metals; platinum, semi-manufactured exports soared to $35K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.