Price for Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic - 2023

Contents:

1. Price for Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic (CIF) - 2022
2. Price for Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic (FOB) - 2022
3. Imports of Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic
4. Exports of Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic

Price for Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic (CIF) - 2022

The average import price for metals; silver, unwrought, (but not powder) stood at $709,227 per ton in 2022, which is down by -14.4% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure at $1,010,152 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States amounted to -3.5% per year.

Price for Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic (FOB) - 2022

The average export price for metals; silver, unwrought, (but not powder) stood at $761,720 per ton in 2022, falling by -17.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 81% against the previous year. As a result, the export price attained the peak level of $1,050,350 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($765,010 per ton), while the average price for exports to Italy amounted to $647,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic

In 2022, supplies from abroad of metals; silver, unwrought, (but not powder) decreased by -7.8% to 415 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, imports attained the peak of 687 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of metals; silver, unwrought, (but not powder) reduced markedly to $294K in 2022. In general, imports showed a slight decline. The pace of growth appeared the most rapid in 2020 when imports increased by 91% against the previous year. As a result, imports reached the peak of $595K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to the Dominican Republic in 2022:

1. United States (415.0 kg)

Exports of Metals; Silver, Unwrought, (But Not Powder) in the Dominican Republic

In 2022, shipments abroad of metals; silver, unwrought, (but not powder) was finally on the rise to reach 107 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a precipitous curtailment.

In value terms, exports of metals; silver, unwrought, (but not powder) soared to $82K in 2022. Over the period under review, exports, however, continue to indicate a sharp reduction.

Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from the Dominican Republic in 2022:

1. United States (104.0 kg)
2. Italy (3.0 kg)

Source: IndexBox Market Intelligence Platform