Dominican Republic: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in the Dominican Republic

The Dominican stainless steel angle market rose slightly to $X in 2022, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Stainless Steel Angle Production in the Dominican Republic

In value terms, stainless steel angle production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Stainless steel angle production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Stainless Steel Angle Exports

Exports from the Dominican Republic

In 2022, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons, rising for the third year in a row after seven years of decline. Over the period under review, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stainless steel angle exports dropped dramatically to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Dominica (X tons), Jamaica (X tons) and Antigua and Barbuda (X tons) were the main destinations of stainless steel angle exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Dominica (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for stainless steel angle exported from the Dominican Republic were Jamaica ($X), Trinidad and Tobago ($X) and Dominica ($X), together comprising X% of total exports. Antigua and Barbuda and Haiti lagged somewhat behind, together accounting for a further X%.

Antigua and Barbuda, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Dominica ($X 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 Haiti (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into the Dominican Republic

In 2022, overseas purchases of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, stainless steel angle imports surged to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Italy (X tons) were the main suppliers of stainless steel angle imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle suppliers to the Dominican Republic were China ($X), India ($X) and Italy ($X), with a combined X% share of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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