Dominican Republic: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in the Dominican Republic

The Dominican iron or steel bridges market dropped slightly to $X in 2023, declining by X% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Iron Or Steel Bridges And Bridge-Sections in the Dominican Republic

In value terms, iron or steel bridges production contracted to $X in 2023 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Iron or steel bridges production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from the Dominican Republic

After three years of decline, overseas shipments of iron or steel bridges and bridge-sections increased by X% to X tons in 2023. Overall, exports, however, recorded a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, iron or steel bridges exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for iron or steel bridges exports from the Dominican Republic, with a X% share of total exports. Moreover, iron or steel bridges exports to the United States exceeded the volume sent to the second major destination, Antigua and Barbuda (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Antigua and Barbuda (X% per year) and Haiti (X% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel bridges and bridge-sections exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Antigua and Barbuda (X% per year).

Export Prices by Country

In 2023, the average iron or steel bridges export price amounted to $X per ton, remaining constant against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into the Dominican Republic

Iron or steel bridges imports into the Dominican Republic soared to X tons in 2023, jumping by X% against 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, iron or steel bridges imports dropped to $X in 2023. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Costa Rica (X tons) constituted the largest supplier of iron or steel bridges to the Dominican Republic, accounting for a X% share of total imports. Moreover, iron or steel bridges imports from Costa Rica exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Costa Rica stood at X%.

In value terms, Costa Rica ($X) constituted the largest supplier of iron or steel bridges and bridge-sections to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Costa Rica stood at X%.

Import Prices by Country

In 2023, the average iron or steel bridges import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform