Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $790 per ton in 2022, falling by -9.2% against the previous year. In general, the import price showed a dramatic downturn. The growth pace was the most rapid in 2021 when the average import price increased by 58% against the previous year. The import price peaked at $11,791 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the United States ($1,748 per ton), while the price for Turkey ($537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+15.8%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $812 per ton in 2022, almost unchanged from the previous year. In general, the export price, however, showed mild growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52%. The export price peaked at $1,225 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($1,018 per ton), while the average price for exports to Suriname ($355 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 (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
After two years of decline, purchases abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by 4,783% to 15K tons in 2022. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $12M in 2022. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.6 | 4.1 | 0.2 | 7.8 | 69.6% |
| Turkey | 2.1 | 0.9 | N/A | 1.8 | -5.0% |
| Mexico | N/A | N/A | N/A | 0.9 | 0% |
| United States | 0.4 | 0.1 | N/A | 0.3 | -9.1% |
| Colombia | N/A | N/A | N/A | 0.3 | 0% |
| China | 0.6 | 0.1 | N/A | 0.2 | -30.7% |
| Belgium | 1.1 | N/A | N/A | N/A | 0% |
| Netherlands | 1.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | N/A | 0.3 | 14.5% |
| Total | 7.2 | 5.5 | 0.3 | 11.6 | 17.2% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the Dominican Republic in 2022:
- Brazil (9.0K tons)
- Turkey (3.4K tons)
- Mexico (1.3K tons)
- Colombia (0.4K tons)
- United States (0.2K tons)
- China (0.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from the Dominican Republic expanded remarkably to 7.5K tons, picking up by 9.9% on the previous year's figure. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 706%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded remarkably to $6.1M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,128%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 100 | 191 | 2,876 | 4,581 | 257.8% |
| Panama | N/A | N/A | 129 | 641 | 396.9% |
| Haiti | 338 | 112 | 288 | 260 | -8.4% |
| Venezuela | N/A | 24.0 | 196 | 159 | 157.4% |
| Suriname | N/A | N/A | N/A | 142 | 0% |
| Guyana | 25.1 | 60.9 | 136 | 86.5 | 51.0% |
| Cuba | N/A | N/A | 1,691 | N/A | 0% |
| Others | 3.6 | 66.1 | 269 | 203 | 283.5% |
| Total | 467 | 455 | 5,584 | 6,073 | 135.2% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the Dominican Republic in 2022:
- Costa Rica (5.5K tons)
- Panama (0.7K tons)
- Suriname (0.4K tons)
- Haiti (0.4K tons)
- Venezuela (0.2K tons)
- Guyana (0.1K tons)
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