Dominican Republic: Tin Bar Market Overview 2021

Tin Bar Market Size in the Dominican Republic

The Dominican tin bar market rose to $X in 2019, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Tin Bar Production in the Dominican Republic

In value terms, tin bar production expanded notably to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. Tin bar production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

Tin Bar Exports

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded decline in overseas shipments of tin bars, rods, profiles and wires, which decreased by -X% to X kg in 2019. In general, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, tin bar exports fell slightly to $X in 2019. Overall, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

The U.S. (X kg) was the main destination for tin bar exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, tin bar exports to the U.S. exceeded the volume sent to the second major destination, Haiti (X kg), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. amounted to +X%.

In value terms, the U.S. ($X) remains the key foreign market for tin bar exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by Haiti ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the U.S. stood at +X%.

Export Prices by Country

In 2019, the average tin bar export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tin bar export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Haiti stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Tin Bar Imports

Imports into the Dominican Republic

After two years of growth, overseas purchases of tin bars, rods, profiles and wires decreased by -X% to X tonnes in 2019. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, tin bar imports contracted markedly to $X in 2019. Over the period under review, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

China (X tonnes), the U.S. (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of tin bar imports to the Dominican Republic, together accounting for X% of total imports. These countries were followed by Mexico and Spain, which together accounted for a further X 2007 to 2019, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tin bar suppliers to the Dominican Republic were China ($X), the U.S. ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Mexico and Spain lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tin bar import price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tin bar import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tin bars, rods, profiles and wires in the world?

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China (17K tonnes) constituted the country with the largest volume of tin bar consumption, accounting for 22% of total volume. Moreover, tin bar consumption in China exceeded the figures recorded by the second-largest consumer, India (7.2K tonnes), twofold. The U.S. (6.6K tonnes) ranked third in terms of total consumption with a 8.5% share.

What are the largest producers of tin bars, rods, profiles and wires in the world?

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The countries with the highest volumes of tin bar production in 2019 were China (15K tonnes), the U.S. (12K tonnes) and India (7.1K tonnes), together accounting for 44% of global production.

What are the leading suppliers of tin bars, rods, profiles and wires to the Dominican Republic?

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In value terms, the largest tin bar suppliers to the Dominican Republic were China ($51K), the U.S. ($39K) and Taiwan (Chinese) ($16K), with a combined 93% share of total imports. These countries were followed by Mexico and Spain, which together accounted for a further 6.1%.

What are the leading importers of tin bars, rods, profiles and wires from the Dominican Republic?

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In value terms, the U.S. ($2.7K) remains the key foreign market for tin bar exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was occupied by Haiti ($108), with a 3.9% share of total exports.

What is the average export price for tin bars, rods, profiles and wires in the Dominican Republic?

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In 2019, the average tin bar export price amounted to $25,094 per tonne, with an increase of 5.5% against the previous year.

What is the average import price for tin bars, rods, profiles and wires in the Dominican Republic?

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In 2019, the average tin bar import price amounted to $23,903 per tonne, rising by 23% against the previous year.