Price for Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic
- Imports of Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic
Price for Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic (FOB) - 2022
The average export price for ferrous waste and scrap; of stainless steels stood at $1,842 per ton in 2022, surging by 31% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 75%. Over the period under review, the average export prices reached the maximum at $1,930 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($7,343 per ton), while the average price for exports to the United States ($202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $8,007 per ton, jumping by 35% against the previous year. Overall, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 China ($12,397 per ton), while the price for Panama ($3,842 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic
In 2022, the amount of ferrous waste and scrap; of stainless steels exported from the Dominican Republic contracted rapidly to 2.8K tons, shrinking by -16.1% on 2021 figures. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 6,674%. As a result, the exports attained the peak of 3.4K tons, and then contracted notably in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels amounted to $5.2M in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 8,695%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 53.7 | 43.2 | 3,271 | 4,080 | 323.5% |
| Netherlands | 2.5 | 3.2 | 526 | 511 | 489.1% |
| India | 0.1 | 1.5 | 284 | 308 | 1355.0% |
| United States | 0.1 | 0.7 | 273 | 109 | 929.1% |
| Spain | 0.1 | 1.4 | 141 | 109 | 929.1% |
| Taiwan (Chinese) | 4.8 | 3.0 | 219 | 55.6 | 126.3% |
| Thailand | N/A | 0.5 | 29.0 | 28.9 | 660.3% |
| Others | 0.9 | 0.7 | 19.2 | 37.7 | 247.3% |
| Total | 62.3 | 54.1 | 4,762 | 5,240 | 338.1% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from the Dominican Republic in 2022:
- Netherlands (763.2 tons)
- Italy (555.7 tons)
- India (552.0 tons)
- United States (539.3 tons)
- Spain (145.0 tons)
- Taiwan (Chinese) (144.7 tons)
- Thailand (61.0 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic
In 2022, imports of ferrous waste and scrap; of stainless steels into the Dominican Republic amounted to 766 kg, growing by 14% against the previous year's figure. The total import volume increased at an average annual rate of +14.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of stainless steels soared to $6.1K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Stainless Steel in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.5 | 2.3 | 3.4 | 5.2 | 51.3% |
| China | 0.1 | 0.3 | 0.5 | 0.9 | 108.0% |
| Panama | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 2.6 | 4.0 | 6.1 | 56.2% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to the Dominican Republic in 2022:
- United States (674.0 kg)
- China (73.0 kg)
- Panama (19.0 kg)
344
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Dominican Republic.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
344
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Dominican Republic.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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