Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic - 2023

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic (FOB) - 2023
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic (CIF) - 2023
3. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic
4. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic (FOB) - 2023

In February 2023, the average export price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $21,600 per ton, remaining constant against the previous month. Over the period under review, the export price saw a slight expansion. The pace of growth was the most pronounced in December 2022 an increase of 0.8% m-o-m. The export price peaked in February 2023.

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

From February 2022 to February 2023, the rate of growth in terms of prices for Russia amounted to +1.6% per month.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $4,171 per ton, falling by -48.9% against the previous month. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 942% m-o-m. Over the period under review, average import prices attained the peak figure at $14,502 per ton in January 2023; however, from February 2023 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 UK ($21,537 per ton), while the price for the United States amounted to $1,780 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in shipments abroad of granules and powders, of pig iron, spiegeleisen, iron or steels, which increased by 20% to 74 tons in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels surged to $1.5M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from the Dominican Republic in 2022:

1. Russia (74.2 tons)

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Dominican Republic

In 2022, the amount of granules and powders, of pig iron, spiegeleisen, iron or steels imported into the Dominican Republic skyrocketed to 189 tons, jumping by 23% on 2021 figures. In general, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 116%.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels surged to $1M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +91.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to the Dominican Republic in 2022:

1. United States (98.9 tons)
2. China (30.6 tons)
3. United Kingdom (30.2 tons)
4. Germany (18.0 tons)
5. Russia (10.9 tons)