Sulphates; of Copper Price in the Dominican Republic - 2023

Sulphates; of Copper Price in the Dominican Republic (CIF) - 2022

In 2022, the average sulphates; of copper import price amounted to $3,322 per ton, picking up by 17% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($3,765 per ton) and Spain ($3,554 per ton), while the price for Peru ($3,201 per ton) and Mexico ($3,263 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in the Dominican Republic (FOB) - 2022

In 2022, the average sulphates; of copper export price amounted to $647 per ton, rising by 10% against the previous year. Overall, the export price, however, saw a abrupt decrease. The export price peaked at $3,281 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Jamaica.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to -15.2% per year.

Sulphates; of Copper Imports in the Dominican Republic

Sulphates; of copper imports into the Dominican Republic fell rapidly to 742 tons in 2022, which is down by -28.1% compared with the previous year. Over the period under review, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, imports attained the peak of 1K tons, and then shrank markedly in the following year.

In value terms, sulphates; of copper imports contracted markedly to $2.5M in 2022. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of $2.9M, and then reduced remarkably in the following year.

Import of Sulphates; of Copper in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	1,005	820	1,908	1,449	13.0%
United States	52.8	72.6	208	397	95.9%
Peru	247	199	299	330	10.1%
China	15.4	35.6	15.4	102	87.8%
Russia	76.4	61.5	86.8	92.4	6.5%
Spain	122	109	166	85.3	-11.2%
Turkey	94.9	33.8	28.8	N/A	-44.9%
Others	198	102	215	8.1	-65.5%
Total	1,812	1,433	2,928	2,464	10.8%

Top Suppliers of Sulphates; of Copper to the Dominican Republic in 2022:

Mexico (444.1 tons)
United States (114.3 tons)
Peru (103.0 tons)
China (27.0 tons)
Russia (27.0 tons)
Spain (24.0 tons)

Sulphates; of Copper Exports in the Dominican Republic

In 2022, after two years of decline, there was decline in overseas shipments of sulphates; of coppers, when their volume decreased by 0% to 17 kg. In general, exports recorded a mild contraction. The smallest decline of -5.6% was in 2020.

In value terms, sulphates; of copper exports rose significantly to $11 in 2022. Over the period under review, exports showed a deep setback.