Price for Steel, Stainless; Ingots and Other Primary Forms in the Dominican Republic - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in the Dominican Republic (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in the Dominican Republic
Price for Steel, Stainless; Ingots and Other Primary Forms in the Dominican Republic (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $21,288 per ton, rising by 24% against the previous year. Overall, the import price showed strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 158% against the previous year. Over the period under review, average import prices reached the peak figure at $35,842 per ton in 2019; however, from 2020 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 the United States ($21,554 per ton), while the price for China stood at $5,157 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.8%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Stainless; Ingots and Other Primary Forms in the Dominican Republic
In 2022, after three years of growth, there was significant decline in supplies from abroad of steel, stainless; ingots and other primary formses, when their volume decreased by -64.9% to 5.3 tons. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 433% against the previous year. As a result, imports reached the peak of 15 tons, and then shrank dramatically in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses shrank dramatically to $112K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 203%. As a result, imports attained the peak of $257K, and then declined markedly in the following year.
| Import of Steel, Stainless; Ingots and Other Primary Forms in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.6 | 83.0 | 256 | 112 | 54.1% |
| China | 0.9 | 0.3 | 1.1 | 0.4 | -23.7% |
| Others | 30.6 | 1.5 | N/A | N/A | -95.1% |
| Total | 62.1 | 84.9 | 257 | 112 | 21.7% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to the Dominican Republic in 2022:
- United States (5.2 tons)
- China (0.1 tons)
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