Price for Tungsten Ores and Concentrates in the Dominican Republic - 2022

Price for Tungsten Ores and Concentrates in the Dominican Republic (CIF) - 2022

In 2022, the average tungsten ores and concentrates import price amounted to $188,833 per ton, which is down by -16.9% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 79% against the previous year. Over the period under review, average import prices attained the peak figure at $227,333 per ton in 2021, and then reduced rapidly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +19.4% per year.

Imports of Tungsten Ores and Concentrates in the Dominican Republic

After three years of growth, supplies from abroad of tungsten ores and concentrateses decreased by 0% to 6 kg in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, tungsten ores and concentrates imports shrank significantly to $1.1K in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 51% against the previous year.