Price for Wire of Other Alloy Steel in the Dominican Republic - 2023
Contents:
- Price for Wire of Other Alloy Steel in the Dominican Republic (CIF) - 2022
- Price for Wire of Other Alloy Steel in the Dominican Republic (FOB) - 2022
- Imports of Wire of Other Alloy Steel in the Dominican Republic
- Exports of Wire of Other Alloy Steel in the Dominican Republic
Price for Wire of Other Alloy Steel in the Dominican Republic (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,450 per ton in 2022, waning by -2% against the previous year. In general, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 an increase of 75%. The import price peaked at $2,037 per ton in 2012; however, from 2013 to 2022, 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 the United States ($15,310 per ton), while the price for China totaled $1,435 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.3%).
Price for Wire of Other Alloy Steel in the Dominican Republic (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $1,477 per ton, growing by 3.1% against the previous year. Over the period under review, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2019 an increase of 4,116%. The export price peaked at $12,740 per ton in 2017; however, from 2018 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 Panama.
From 2013 to 2022, the rate of growth in terms of prices for Panama amounted to +3.1% per year.
Imports of Wire of Other Alloy Steel in the Dominican Republic
In 2022, approx. 1,000 tons of wire of other alloy steels were imported into the Dominican Republic; picking up by 78% compared with 2021. In general, imports posted a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 258% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel imports surged to $1.5M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 353%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Wire of Other Alloy Steel in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 583 | 161 | 829 | 1,412 | 34.3% |
| Others | 107 | 21.9 | N/A | 37.9 | -29.2% |
| Total | 691 | 183 | 829 | 1,450 | 28.0% |
Top Suppliers of Wire of Other Alloy Steel to the Dominican Republic in 2022:
- China (984.3 tons)
Exports of Wire of Other Alloy Steel in the Dominican Republic
Wire of other alloy steel exports from the Dominican Republic was estimated at 175 tons in 2022, therefore, remained relatively stable against the previous year. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports rose to $259K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | 251 | 259 | 3.2% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 0.7 | N/A | 251 | 259 | 617.9% |
Top Export Markets for Wire of Other Alloy Steel from the Dominican Republic in 2022:
- Panama (175.1 tons)
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