Price for Iron and Non-Alloy Steel in Ingot in the Dominican Republic - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in the Dominican Republic (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in the Dominican Republic
Price for Iron and Non-Alloy Steel in Ingot in the Dominican Republic (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $810 per ton in 2022, dropping by -25.6% against the previous year. Overall, the import price, however, posted a slight increase. The pace of growth was the most pronounced in 2014 an increase of 62% against the previous year. The import price peaked at $1,260 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($5,884 per ton), while the price for the United States totaled $2,478 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in purchases abroad of iron and non-alloy steel in ingots, which decreased by -6.4% to 407 tons in 2022. Over the period under review, imports showed a abrupt setback. The smallest decline of -5.1% was in 2021.
In value terms, imports of iron and non-alloy steel in ingots shrank markedly to $330K in 2022. In general, imports continue to indicate a abrupt contraction. The smallest decline of -14% was in 2021.
| Import of Iron and Non-Alloy Steel in Ingot in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 2.2 | 1.6 | 205 | 304.4% |
| Canada | 5.7 | 2.8 | 1.3 | 120 | 176.1% |
| Russia | 80.5 | 56.0 | 38.5 | N/A | -30.8% |
| Trinidad and Tobago | 261 | 237 | 213 | N/A | -9.7% |
| Mexico | 57.8 | 44.5 | 33.8 | N/A | -23.5% |
| Cuba | 14.8 | 9.4 | 5.9 | N/A | -36.9% |
| Brazil | 208 | 192 | 176 | N/A | -8.0% |
| Others | 9.6 | 6.3 | 4.2 | 5.2 | -18.5% |
| Total | 641 | 551 | 474 | 330 | -19.9% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to the Dominican Republic in 2022:
- United States (82.8 tons)
- Canada (20.3 tons)
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