Dominican Republic: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in the Dominican Republic

In 2021, the Dominican base metal hinge market decreased by -25.3% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, continues to indicate a modest expansion. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Base Metal Hinge Exports

Exports from the Dominican Republic

In 2021, approx. X tons of base metal hinges were exported from the Dominican Republic; with an increase of 95% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 7,365%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, base metal hinge exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 7,030% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of base metal hinge exports from the Dominican Republic, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +46.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal hinge exported from the Dominican Republic were the United States ($X), Mexico ($X) and Haiti ($X), with a combined 61% share of total exports.

Mexico, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, rising by 33% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 58%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Suriname ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Hinge Imports

Imports into the Dominican Republic

In 2021, overseas purchases of base metal hinges decreased by -33.4% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2017 when imports increased by 119%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, base metal hinge imports fell significantly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 108% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest base metal hinge supplier to the Dominican Republic, accounting for a 78% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.6% per year) and the United States (-9.1% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to the Dominican Republic, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total imports. It was followed by Spain, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.1% per year) and Spain (-6.9% per year).

Import Prices by Country

In 2021, the average base metal hinge import price amounted to $X per ton, jumping by 22% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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