Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,375 per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 1,582%. As a result, import price reached the peak level of $23,084 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.8% per year.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $4,369 per ton, jumping by 190% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 3,749%. As a result, the export price attained the peak level of $31,883 per ton. From 2020 to 2022, the average export prices remained at a 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 Haiti ($8,582 per ton), while the average price for exports to the United States totaled $4,361 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+202.6%).
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic
Imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into the Dominican Republic soared to 215 tons in 2022, jumping by 34% against 2021 figures. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 60%.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $295K in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 181 | 98.7 | 213 | 294 | 17.6% |
| El Salvador | 27.6 | N/A | N/A | N/A | 0% |
| United States | 169 | N/A | N/A | N/A | 0% |
| Others | 14.2 | N/A | 10.8 | 1.1 | -57.4% |
| Total | 392 | 98.7 | 224 | 295 | -9.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to the Dominican Republic in 2022:
- China (214.6 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -94.2% to 19 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 20,586% against the previous year. As a result, the exports attained the peak of 318 tons, and then declined dramatically in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses declined rapidly to $81K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 19,408%. As a result, the exports reached the peak of $480K, and then reduced notably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 177 | 81.0 | -54.2% |
| Haiti | 22.5 | 2.5 | 303 | 0.3 | -76.3% |
| Others | 0.1 | N/A | 0.3 | N/A | 73.2% |
| Total | 22.6 | 2.5 | 480 | 81.4 | 53.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from the Dominican Republic in 2022:
- United States (18.6 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in the Dominican Republic.
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