Price for Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic - 2023

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic (CIF) - 2023
2. Price for Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic (FOB) - 2022
3. Imports of Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic
4. Exports of Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic

Price for Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for metals; platinum, unwrought or in powder forms amounted to $12.7M per ton, picking up by 167% against the previous month. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $23.0M per ton in June 2022; afterwards, it flattened through to March 2023.

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

From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +0.7% per month.

Price for Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic (FOB) - 2022

In December 2021, the average export price for metals; platinum, unwrought or in powder forms amounted to $50.3M per ton, flattening at the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 23% against the previous month. As a result, the export price attained the peak level of $67,145 per kg; afterwards, it flattened through to December 2021.

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

From January 2021 to December 2021, the rate of growth in terms of prices for the United States amounted to -0.6% per month.

Imports of Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in purchases abroad of metals; platinum, unwrought or in powder forms, which increased by 26% to 2.3 tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 157% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of metals; platinum, unwrought or in powder forms soared to $22M in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 167%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to the Dominican Republic in 2022:

1. United States (2.3 tons)

Exports of Metals; Platinum, Unwrought or in Powder Form in the Dominican Republic

In 2022, the amount of metals; platinum, unwrought or in powder forms exported from the Dominican Republic dropped remarkably to 654 kg, falling by -17.9% on 2021. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of 797 kg, and then fell significantly in the following year.

In value terms, exports of metals; platinum, unwrought or in powder forms dropped sharply to $33M in 2022. Over the period under review, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when exports increased by 87% against the previous year. As a result, the exports reached the peak of $43M, and then dropped dramatically in the following year.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from the Dominican Republic in 2022:

1. United States (654.0 kg)

Source: IndexBox Market Intelligence Platform