Report Update May 8, 2024

Dominican Republic - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in the Dominican Republic

The Dominican semi-manufactured silver market skyrocketed to $X in 2023, rising by X% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market attained the peak level in 2023 and is likely to continue growth in years to come.

Semi-Manufactured Silver Production in the Dominican Republic

In value terms, semi-manufactured silver production surged to $X in 2023 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Semi-Manufactured Silver Exports

Exports from the Dominican Republic

In 2023, shipments abroad of silver in semi-manufactured forms decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports reduced dramatically to $X in 2023. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then shrank markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for semi-manufactured silver exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, semi-manufactured silver exports to the United States exceeded the volume sent to the second major destination, Haiti (X kg), more than tenfold.

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

In value terms, the United States ($X) remains the key foreign market for silver in semi-manufactured forms exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

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

Export Prices by Country

The average semi-manufactured silver export price stood at $X per kg in 2023, which is down by X% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per kg in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Silver Imports

Imports into the Dominican Republic

In 2023, supplies from abroad of silver in semi-manufactured forms increased by X% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in the immediate term.

In value terms, semi-manufactured silver imports rose remarkably to $X in 2023. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, the United States (X tons) was the main supplier of semi-manufactured silver to the Dominican Republic, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of silver in semi-manufactured forms to the Dominican Republic.

From 2012 to 2023, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

In 2023, the average semi-manufactured silver import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price faced a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X,371 per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the semi-manufactured silver 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.

Product coverage:

Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023