Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic (FOB) - 2023
In March 2023, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $208 per ton, with an increase of 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 30% month-to-month. The export price peaked in March 2023.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From March 2022 to March 2023, the rate of growth in terms of prices for Vietnam amounted to +3.6% per month.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic (CIF) - 2022
The average import price for ferrous waste and scrap; of tinned iron or steels stood at $300 per ton in 2022, falling by -9% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of 75%. The import price peaked at $652 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, 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 France amounted to +22.3% per year.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic
After three years of growth, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -25.3% to 141K tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23%. As a result, the exports reached the peak of 189K tons, and then reduced sharply in the following year.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels reduced remarkably to $22M in 2022. Overall, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +12.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, the exports reached the peak of $34M, and then shrank markedly in the following year.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 8.9 | 11.9 | 18.9 | 14.9 | 18.7% |
| Vietnam | 5.1 | 3.7 | 4.1 | 2.0 | -26.8% |
| India | 0.3 | 0.4 | 0.8 | 1.7 | 78.3% |
| Singapore | 1.4 | 1.1 | 4.7 | 1.3 | -2.4% |
| Thailand | 1.2 | 2.5 | 1.9 | 1.1 | -2.9% |
| South Korea | 0.8 | 0.4 | 0.2 | 0.5 | -14.5% |
| Others | 2.1 | 1.8 | 3.1 | 0.8 | -27.5% |
| Total | 19.7 | 21.7 | 33.7 | 22.3 | 4.2% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from the Dominican Republic in 2022:
- Taiwan (Chinese) (84.5K tons)
- Vietnam (31.9K tons)
- Thailand (9.2K tons)
- India (6.6K tons)
- South Korea (3.8K tons)
- Singapore (3.6K tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic
In 2022, purchases abroad of ferrous waste and scrap; of tinned iron or steels was finally on the rise to reach 36 tons after two years of decline. Over the period under review, imports, however, showed a significant curtailment.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels skyrocketed to $11K in 2022. In general, imports, however, continue to indicate a sharp downturn.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 105 | N/A | N/A | 10.8 | -53.1% |
| China | N/A | 1.7 | N/A | N/A | 0% |
| Others | 37.2 | N/A | N/A | N/A | 0% |
| Total | 142 | 1.7 | N/A | 10.8 | -57.6% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to the Dominican Republic in 2022:
- United States (35.8 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Dominican Republic.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Dominican Republic.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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