Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $744 per ton, with an increase of 8.6% against the previous month. In general, the import price, however, recorded a noticeable decrease. The growth pace was the most rapid in June 2022 when the average import price increased by 27% m-o-m. Over the period under review, average import prices attained the peak figure at $1,195 per ton in March 2022; however, from April 2022 to March 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2023, the country with the highest price was Brazil ($753 per ton), while the price for China amounted to $683 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $656 per ton in 2022, shrinking by -26.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $890 per ton, and then declined markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Antigua and Barbuda ($915 per ton), while the average price for exports to Guyana ($554 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 Jamaica (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into the Dominican Republic dropped to 100K tons in 2022, which is down by -11% compared with 2021. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +56.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 75%. As a result, imports attained the peak of 113K tons, and then dropped in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped to $83M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 155%. As a result, imports attained the peak of $87M, and then dropped slightly in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.6 | 14.9 | 13.0 | 36.3 | 68.4% |
| Turkey | 17.5 | 7.9 | 15.7 | 18.0 | 0.9% |
| China | 4.0 | 1.4 | 10.6 | 10.7 | 38.8% |
| Mexico | 1.6 | 0.1 | 1.8 | 6.2 | 57.1% |
| Argentina | 9.9 | 8.2 | N/A | 5.4 | -18.3% |
| United States | 0.4 | 1.6 | 1.9 | 4.2 | 119.0% |
| Russia | N/A | N/A | 16.4 | 1.9 | -88.4% |
| Ukraine | N/A | N/A | 25.4 | N/A | 0% |
| Others | 0.2 | N/A | 1.9 | N/A | 208.2% |
| Total | 41.2 | 34.0 | 86.7 | 82.7 | 26.1% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the Dominican Republic in 2022:
- Brazil (40.4K tons)
- Turkey (19.8K tons)
- China (11.2K tons)
- Argentina (10.2K tons)
- Mexico (8.0K tons)
- United States (8.0K tons)
- Russia (2.6K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
After two years of decline, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by 75% to 140 tons in 2022. Overall, exports, however, saw a dramatic decrease.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $92K in 2022. Over the period under review, exports, however, showed a sharp slump.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 28.0 | 53.9 | 92.5% |
| Antigua and Barbuda | N/A | N/A | 12.1 | 18.5 | 52.9% |
| Poland | N/A | N/A | N/A | 8.7 | 0% |
| Panama | N/A | N/A | N/A | 5.7 | 0% |
| Guyana | N/A | N/A | 28.5 | 3.8 | -86.7% |
| Suriname | N/A | 12.1 | 0.7 | 0.8 | -74.3% |
| Dominica | 137 | 57.4 | 0.9 | N/A | -91.9% |
| Saint Lucia | 429 | 43.4 | N/A | N/A | -89.9% |
| Others | 6.0 | N/A | 0.9 | 0.6 | -53.6% |
| Total | 572 | 113 | 71.1 | 92.0 | -45.6% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the Dominican Republic in 2022:
- United States (87.1 tons)
- Antigua and Barbuda (20.2 tons)
- Poland (15.2 tons)
- Panama (8.4 tons)
- Guyana (6.9 tons)
- Suriname (1.6 tons)
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