Dominican Republic: Copper Screw Market 2024

Copper Screw Market Size in the Dominican Republic

The Dominican copper screw market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption posted a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Copper Screw Production in the Dominican Republic

In value terms, copper screw production contracted rapidly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Copper Screw Exports

Exports from the Dominican Republic

In 2022, copper screw exports from the Dominican Republic declined rapidly to X tons, falling by X% on 2021. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, copper screw exports contracted significantly to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Cuba (X tons) and the Netherlands (X kg) were the main destinations of copper screw exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X.4%), while the other leaders experienced more modest paces of growth.

In value terms, Cuba ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cuba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average copper screw export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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

Copper Screw Imports

Imports into the Dominican Republic

In 2022, imports of copper screws, bolts and nuts into the Dominican Republic skyrocketed to X tons, surging by X% against 2021 figures. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper screw imports skyrocketed to $X in 2022. Overall, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest copper screw supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, copper screw imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest copper screw suppliers to the Dominican Republic, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average copper screw import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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