Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic
4. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic (CIF) - 2022

The average import price for steel, alloy stood at $1,751 per ton in 2022, which is down by -6% against the previous year. Overall, the import price recorded a noticeable downturn. The pace of growth was the most pronounced in 2016 an increase of 67%. As a result, import price reached the peak level of $3,492 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,514 per ton), while the price for Hong Kong SAR ($1,540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.4%), while the prices for the other major suppliers experienced a decline.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic (FOB) - 2022

The average export price for steel, alloy stood at $2,120 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 216% against the previous year. As a result, the export price reached the peak level of $5,716 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($7,563 per ton), while the average price for exports to the United States stood at $1,943 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+18.1%).

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in supplies from abroad of steel, alloy, which increased by 15% to 1K tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of steel, alloy stood at $1.8M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 7.8% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to the Dominican Republic in 2022:

1. United States (496.0 tons)
2. China (283.4 tons)
3. Hong Kong SAR (222.3 tons)
4. South Korea (18.7 tons)

Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in the Dominican Republic

In 2022, the amount of steel, alloy exported from the Dominican Republic dropped dramatically to 1.5 tons, which is down by -19.6% against 2021. In general, exports continue to indicate a abrupt decrease. The smallest decline of -19.5% was in 2021.

In value terms, exports of steel, alloy contracted markedly to $3.2K in 2022. Overall, exports faced a abrupt descent. The smallest decline of -19.4% was in 2020.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from the Dominican Republic in 2022:

1. United States (1478.0 kg)
2. Haiti (48.0 kg)

Source: IndexBox Market Intelligence Platform