Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $228 per ton, with an increase of 7.1% against the previous year. In general, the export price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2021 when the average export price increased by 48%. The export price peaked at $289 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 Bangladesh ($370 per ton), while the average price for exports to Vietnam ($69 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 Singapore (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $684 per ton in 2022, shrinking by -4.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 162%. The import price peaked at $743 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($996 per ton), while the price for the United States totaled $661 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+32.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic
In 2022, approx. 228K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from the Dominican Republic; which is down by -8.6% against the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, the exports attained the peak of 249K tons, and then shrank in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted slightly to $52M in 2022. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, the exports reached the peak of $53M, and then reduced slightly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 15.3 | 12.2 | 28.6 | 27.3 | 21.3% |
| Singapore | 1.6 | 1.1 | 6.4 | 6.6 | 60.4% |
| India | 1.0 | 0.6 | 1.6 | 4.0 | 58.7% |
| Bangladesh | 1.0 | 0.6 | 1.8 | 2.5 | 35.7% |
| South Korea | 1.5 | 1.0 | 1.2 | 2.4 | 17.0% |
| Vietnam | 5.2 | 3.7 | 4.3 | 2.2 | -24.9% |
| Hong Kong SAR | N/A | N/A | 0.4 | 2.1 | 425.0% |
| Thailand | 3.6 | 3.9 | 4.7 | 1.4 | -27.0% |
| Others | 4.9 | 2.0 | 3.8 | 3.4 | -11.5% |
| Total | 34.1 | 25.2 | 52.9 | 51.8 | 15.0% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from the Dominican Republic in 2022:
- Taiwan (Chinese) (120.0K tons)
- Vietnam (32.4K tons)
- Singapore (19.4K tons)
- South Korea (18.5K tons)
- India (15.2K tons)
- Bangladesh (6.7K tons)
- Hong Kong SAR (6.0K tons)
- Thailand (5.1K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic
In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels increased by 15% to 103 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a significant decline.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded significantly to $70K in 2022. Overall, imports, however, recorded a dramatic descent.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 269 | 64.6 | 64.0 | 63.5 | -38.2% |
| China | 9.2 | 1.7 | N/A | 6.9 | -9.1% |
| Others | 93.8 | N/A | N/A | N/A | 0% |
| Total | 372 | 66.3 | 64.1 | 70.4 | -42.6% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to the Dominican Republic in 2022:
- United States (96.0 tons)
- China (6.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Dominican Republic.
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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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