Price for Winding Wire of Copper in the Dominican Republic - 2023
Contents:
- Price for Winding Wire of Copper in the Dominican Republic (CIF) - 2022
- Price for Winding Wire of Copper in the Dominican Republic (FOB) - 2022
- Imports of Winding Wire of Copper in the Dominican Republic
- Exports of Winding Wire of Copper in the Dominican Republic
Price for Winding Wire of Copper in the Dominican Republic (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $17,667 per ton, surging by 11% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper import price increased by +34.4% against 2016 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($22,760 per ton), while the price for China ($8,499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in the Dominican Republic (FOB) - 2022
The average winding wire of copper export price stood at $12,956 per ton in 2022, rising by 162% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 415% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($5,167 per ton), while the average price for exports to Bahamas ($1,702 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 Spain (+1,176.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in the Dominican Republic
In 2022, approx. 838 tons of winding wire of coppers were imported into the Dominican Republic; increasing by 4.4% against the year before. Over the period under review, imports, however, continue to indicate a perceptible shrinkage.
In value terms, winding wire of copper imports soared to $15M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Winding Wire of Copper in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 4.0 | 5.2 | 6.8 | 14.8% |
| Malaysia | 2.8 | 2.4 | 3.7 | 4.4 | 16.3% |
| Mexico | 0.8 | 0.3 | 0.8 | 2.4 | 44.2% |
| China | 1.8 | 2.0 | 1.8 | 0.7 | -27.0% |
| Spain | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Singapore | 2.1 | 2.0 | 0.5 | N/A | -51.2% |
| Brazil | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Turkey | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | 0.3 | 0.7 | 0.5 | N/A | 29.1% |
| Total | 13.1 | 12.1 | 12.8 | 14.8 | 4.2% |
Top Suppliers of Winding Wire of Copper to the Dominican Republic in 2022:
- United States (336.6 tons)
- Malaysia (193.9 tons)
- Mexico (182.5 tons)
- China (79.6 tons)
- Spain (45.1 tons)
Exports of Winding Wire of Copper in the Dominican Republic
In 2022, winding wire of copper exports from the Dominican Republic fell significantly to 4.2 tons, dropping by -63.1% compared with the year before. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 316% against the previous year.
In value terms, winding wire of copper exports declined modestly to $54K in 2022. Over the period under review, exports saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 289% against the previous year.
| Export of Winding Wire of Copper in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.0 | 7.6 | 1.0 | 16.9 | -3.8% |
| Bahamas | N/A | N/A | N/A | 0.9 | 0% |
| Haiti | 22.4 | 5.0 | 43.9 | 0.1 | -83.5% |
| Spain | 2.5 | N/A | N/A | N/A | 0% |
| Antigua and Barbuda | 7.4 | N/A | N/A | N/A | 0% |
| Myanmar | 5.4 | 1.9 | N/A | N/A | -64.8% |
| Others | 1.0 | N/A | 11.4 | 36.6 | 232.0% |
| Total | 57.7 | 14.5 | 56.4 | 54.5 | -1.9% |
Top Export Markets for Winding Wire of Copper from the Dominican Republic in 2022:
- Haiti (undefined tons)
- United States (3.6 tons)
- Bahamas (0.5 tons)
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