Price for Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic
- Exports of Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic
Price for Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic (CIF) - 2022
The average import price for steel, stainless stood at $4,770 per ton in 2022, jumping by 51% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 66%. The import price peaked at $5,107 per ton in 2013; however, from 2014 to 2022, import prices stood 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 Spain ($9,621 per ton), while the price for India ($2,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic (FOB) - 2022
The average export price for steel, stainless stood at $5,817 per ton in 2022, jumping by 59% against the previous year. In general, the export price saw a moderate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 934%. Over the period under review, the average export prices attained the maximum at $14,121 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +2.4% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic
In 2022, imports of steel, stainless into the Dominican Republic skyrocketed to 285 tons, with an increase of 36% on 2021 figures. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless surged to $1.1M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 372 | 336 | 461 | 525 | 12.2% |
| India | 182 | 220 | 144 | 303 | 18.5% |
| Italy | 6.2 | N/A | 47.6 | 188 | 211.8% |
| United States | 21.5 | 19.9 | 5.8 | 125 | 79.8% |
| Others | 2.0 | 7.0 | 4.0 | 0.6 | -33.1% |
| Total | 584 | 582 | 662 | 1,141 | 25.0% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to the Dominican Republic in 2022:
- China (134.3 tons)
- India (112.3 tons)
- Italy (25.1 tons)
- United States (13.7 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic
In 2022, shipments abroad of steel, stainless decreased by -76.8% to 331 kg, falling for the second year in a row after two years of growth. In general, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 109%. As a result, the exports reached the peak of 1.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless shrank notably to $1.9K in 2022. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2020 when exports increased by 152%. As a result, the exports reached the peak of $9.5K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Stainless; Angles, Shapes and Sections in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 3.4 | 9.5 | 5.2 | 1.9 | -17.6% |
| Dominica | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.8 | 9.5 | 5.2 | 1.9 | -20.6% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from the Dominican Republic in 2022:
- Haiti (331.0 kg)
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