Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic (CIF) - 2022

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $21,022 per ton in 2022, jumping by 18% against the previous year. Over the period under review, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $32,661 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($83,542 per ton), while the price for Spain ($18,050 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic (FOB) - 2022

In 2022, the average export price for copper; cast, moulded, stamped or forged, but not further worked amounted to $27,200 per ton, growing by 69% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 75%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.8% per year.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic

In 2022, purchases abroad of copper; cast, moulded, stamped or forged, but not further worked decreased by -59.6% to 14 tons, falling for the second consecutive year after two years of growth. In general, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 39 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked reduced remarkably to $294K in 2022. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $617K, and then plummeted in the following year.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to the Dominican Republic in 2022:

1. Spain (13.3 tons)
2. China (0.4 tons)
3. United States (0.3 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the Dominican Republic

In 2022, after three years of growth, there was significant decline in shipments abroad of copper; cast, moulded, stamped or forged, but not further worked, when their volume decreased by -29.9% to 1.1 tons. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 56%. As a result, the exports reached the peak of 1.5 tons, and then shrank remarkably in the following year.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked soared to $29K in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 100% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from the Dominican Republic in 2022:

1. United States (1.1 tons)

Source: IndexBox Market Intelligence Platform