Dominican Republic: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2025

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in the Dominican Republic

The Dominican market for articles of goldsmiths’ wares of base metal clad with precious metal expanded slightly to $X in 2022, increasing by 1.5% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in the Dominican Republic

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 60%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Exports from the Dominican Republic

In 2021, exports of articles of goldsmiths’ wares of base metal clad with precious metal from the Dominican Republic totaled less than X kg, standing approx. at the year before. Over the period under review, exports saw a sharp descent. The smallest decline of 99.9% was in 2017. Over the period under review, the exports of hit record highs at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X in 2021. Overall, exports showed a deep contraction. The smallest decline of -58% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

From 2013 to 2016, the average annual growth rate of volume to No country was relatively modest.

From 2013 to 2016, the average annual rate of growth in terms of value to No country was relatively modest.

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports into the Dominican Republic

In 2022, after five years of decline, there was significant growth in overseas purchases of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume increased by 318% to X kg. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 497%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal soared to $X in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 290% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, France (X kg) constituted the largest precious metal-clad goldsmiths ware articles of base metals supplier to the Dominican Republic, accounting for a 69% share of total imports. Moreover, imports of articles of goldsmiths’ wares of base metal clad with precious metal from France exceeded the figures recorded by the second-largest supplier, Brazil (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.3% per year) and Italy (-14.9% per year).

In value terms, France ($X), Brazil ($X) and Italy ($X) constituted the largest precious metal-clad goldsmiths ware articles of base metals suppliers to the Dominican Republic, with a combined 99.9% share of total imports.

France, with a CAGR of +78.8%, 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 mixed trend patterns.

Import Prices by Country

The average import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, which is down by -52.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 99.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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