Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $2,273 per ton in 2022, picking up by 33% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 208% against the previous year. As a result, import price attained the peak level of $3,037 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($9,932 per ton), while the price for Spain ($1,220 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,643 per ton in 2022, jumping by 80% against the previous year. Over the period under review, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($3,803 per ton), while the average price for exports to Costa Rica ($1,193 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 Panama (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic
In 2022, purchases abroad of iron or non-alloy steel wire, not plated or coateds decreased by -37.8% to 1.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 231%. As a result, imports reached the peak of 2.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined notably to $3.8M in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $4.6M, and then dropped notably in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 1,721 | 2,015 | 3,312 | 2,595 | 14.7% |
| China | 371 | 201 | 447 | 816 | 30.0% |
| United States | 84.7 | 194 | 378 | 241 | 41.7% |
| Spain | 130 | 5.8 | 35.0 | 56.1 | -24.4% |
| Brazil | 42.5 | 151 | 331 | 0.5 | -77.3% |
| Others | 130 | 88.6 | 84.4 | 97.2 | -9.2% |
| Total | 2,480 | 2,656 | 4,587 | 3,805 | 15.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to the Dominican Republic in 2022:
- El Salvador (1254.1 tons)
- China (259.6 tons)
- United States (75.4 tons)
- Spain (45.9 tons)
- Brazil (0.1 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -88.7% to 37 tons in 2022. Over the period under review, exports faced a dramatic decline. The smallest decline of -16.6% was in 2020.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds contracted rapidly to $61K in 2022. In general, exports saw a sharp setback. The smallest decline of -17.8% was in 2021.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 119 | 70.0 | 29.8 | 31.9 | -35.5% |
| United States | 221 | 75.2 | 109 | 15.0 | -59.2% |
| Haiti | 30.4 | 203 | 96.0 | 10.6 | -29.6% |
| Antigua and Barbuda | 6.5 | 0.7 | 2.1 | 1.4 | -40.1% |
| Grenada | 1.3 | 2.8 | 1.6 | 0.8 | -14.9% |
| Guyana | 39.4 | N/A | N/A | N/A | 0% |
| El Salvador | N/A | N/A | 35.1 | N/A | 0% |
| Others | 51.1 | 9.9 | 24.0 | 1.1 | -72.2% |
| Total | 468 | 362 | 298 | 60.8 | -49.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from the Dominican Republic in 2022:
- Costa Rica (26.8 tons)
- United States (5.8 tons)
- Haiti (2.8 tons)
- Antigua and Barbuda (0.9 tons)
- Grenada (0.6 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in the Dominican Republic.
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This report provides an in-depth analysis of the market for iron and steel wire in the Dominican Republic.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in the Dominican Republic.
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This report provides an in-depth analysis of the market for iron and steel wire in the Dominican Republic.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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