Dominican Republic: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in the Dominican Republic

The Dominican pig iron articles market reduced modestly to $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pig Iron Articles Production in the Dominican Republic

In value terms, pig iron articles production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Pig Iron Articles Exports

Exports from the Dominican Republic

In 2022, overseas shipments of granules and powders of pig iron increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, pig iron articles exports soared to $X in 2022. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for pig iron articles exports from the Dominican Republic, with a X% share of total exports. It was followed by the United States (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%.

In value terms, Russia ($X) remains the key foreign market for granules and powders of pig iron exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%.

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into the Dominican Republic

In 2022, overseas purchases of granules and powders of pig iron increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, pig iron articles imports surged to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest pig iron articles supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, pig iron articles imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the UK ($X) constituted the largest supplier of granules and powders of pig iron to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average pig iron articles import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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