Price for Steel, stainless; semi-finished products, other than of rectangular cross-section in the Dominican Republic - 2022

Contents:

  1. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Dominican Republic (CIF) - 2022
  2. Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Dominican Republic

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Dominican Republic (CIF) - 2022

The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $35,605 per ton in 2022, approximately equating the previous year. In general, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 63%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($45,028 per ton), while the price for the United States totaled $9,093 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Dominican Republic

In 2022, approx. 778 kg of steel, stainless; semi-finished products, other than of rectangular cross-sectia were imported into the Dominican Republic; stabilizing at 2021. Overall, imports showed a precipitous decline. The smallest decline of -99.5% was in 2020.

In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $28K in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The smallest decline of -99.4% was in 2020.

Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy12.00.1N/A25.829.1%
United States36.60.2N/A1.9-62.7%
Spain3.0N/AN/AN/A0%
Colombia38.60.2N/AN/A-99.5%
China2.7N/AN/AN/A0%
Panama16.10.1N/AN/A-99.4%
Others1.0N/AN/AN/A0%
Total1100.7N/A27.7-36.9%

Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to the Dominican Republic in 2022:

  1. Italy (574.0 kg)
  2. United States (204.0 kg)

Source: IndexBox Market Intelligence Platform

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