Price for Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic - 2023

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic
4. Exports of Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic

Price for Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $5,310 per ton in 2022, which is down by -28.2% against the previous year. Over the period under review, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 69% against the previous year. The import price peaked at $8,599 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($51,990 per ton), while the price for China ($1,292 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+164.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $433,333 per ton in 2021, stabilizing at the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2019 an increase of 475% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

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

From 2018 to 2021, the rate of growth in terms of prices for the United States amounted to +424.3% per year.

Imports of Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic

In 2022, supplies from abroad of safety pins and other pins; of iron or steels was finally on the rise to reach 3.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a dramatic shrinkage.

In value terms, imports of safety pins and other pins; of iron or steels surged to $16K in 2022. Over the period under review, imports, however, recorded a noticeable shrinkage.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to the Dominican Republic in 2022:

1. China (1838.0 kg)
2. South Korea (714.0 kg)
3. Panama (206.0 kg)
4. United States (203.0 kg)
5. Spain (47.0 kg)

Exports of Safety Pins and Other Pins; of Iron or Steel in the Dominican Republic

Exports of safety pins and other pins; of iron or steels from the Dominican Republic stood at 3 kg in 2021, therefore, remained relatively stable against 2020. Overall, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels stood at $1.3K in 2021. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from the Dominican Republic in 2022:

1. United States (3.0 kg)

Source: IndexBox Market Intelligence Platform