Dominican Republic - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Dominican Republic: Titanium Market 2022
Titanium Market Size in the Dominican Republic
The Dominican titanium market skyrocketed to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.
Exports from the Dominican Republic
In 2021, titanium exports from the Dominican Republic amounted to less than X kg, remaining constant against 2020 figures. In general, exports recorded a relatively flat trend pattern.
In value terms, titanium exports stood at less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
Imports into the Dominican Republic
In 2021, the amount of titanium sponge, powders, ingots and slabs imported into the Dominican Republic surged to X tons, rising by X% compared with 2020 figures. In general, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.
In value terms, titanium imports expanded modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of titanium to the Dominican Republic, with a X% share of total imports. Moreover, titanium imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold.
From 2012 to 2021, the average annual growth rate of volume from China totaled +X%.
In value terms, the largest titanium suppliers to the Dominican Republic were China ($X) and the United States ($X the main suppliers, China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review.
Import Prices by Country
The average titanium import price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).
Source: IndexBox Platform
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the titanium market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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