Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic (CIF) - 2022

In 2022, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $3,976 per ton, rising by 146% against the previous year. Overall, the import price saw a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($29,490 per ton), while the price for China ($1,146 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,099 per ton, leveling off at the previous year. Overall, the export price showed a sharp setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $29,000 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Antigua and Barbuda ($1,388 per ton), while the average price for exports to Costa Rica totaled $771 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (+16.3%), while the prices for the other major destinations experienced a decline.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic

In 2022, purchases abroad of alloy steel flat-rolled products, of a width 600mm or mores decreased by -45.1% to 5.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 195%. As a result, imports reached the peak of 10K tons, and then contracted sharply in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $22M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 314%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to the Dominican Republic in 2022:

1. Japan (3115.2 tons)
2. China (1591.2 tons)
3. Mexico (456.4 tons)
4. South Korea (161.3 tons)
5. United States (148.3 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in the Dominican Republic

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores exported from the Dominican Republic amounted to 5.4 tons, remaining constant against 2021 figures. In general, exports faced a dramatic setback. The smallest decline of -48.2% was in 2020.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores totaled $5.9K in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -47.4% was in 2020.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from the Dominican Republic in 2022:

1. Antigua and Barbuda (2.8 tons)
2. Costa Rica (2.5 tons)

Source: IndexBox Market Intelligence Platform