Report Update Nov 1, 2024

Dominican Republic - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in the Dominican Republic

For the ninth year in a row, the Dominican chromium ore and concentrate market recorded growth in sales value, which increased by 43% to $X in 2022. Overall, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Chromium Ores and Concentrates in the Dominican Republic

In value terms, chromium ore and concentrate production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 63% against the previous year. Chromium ore and concentrate production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports from the Dominican Republic

In 2021, approx. X tons of chromium ores and concentrates were exported from the Dominican Republic; remaining constant against the previous year's figure. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, chromium ore and concentrate exports totaled $X in 2021. Overall, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Costa Rica (X tons) was the main destination for chromium ore and concentrate exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Costa Rica was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Costa Rica was relatively modest.

Export Prices by Country

The average chromium ore and concentrate export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2015 to 2021, the rate of growth in terms of prices for Costa Rica amounted to 0.0% per year.

Imports of Chromium Ores and Concentrates

Imports into the Dominican Republic

For the ninth consecutive year, the Dominican Republic recorded growth in purchases abroad of chromium ores and concentrates, which increased by 75% to X tons in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromium ore and concentrate imports surged to $X in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) and France (X tons) were the main suppliers of chromium ore and concentrate imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +160.9%).

In value terms, the United States ($X) and France ($X) constituted the largest chromium ore and concentrate suppliers to the Dominican Republic.

In terms of the main suppliers, the United States, with a CAGR of +173.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, declining by -31.2% against the previous year. Over the period under review, the import price, however, saw modest growth. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped significantly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium ores and concentrates in the world?

China constituted the country with the largest volume of chromium ore and concentrate consumption, accounting for 37% of total volume. Moreover, chromium ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Kazakhstan, threefold. The third position in this ranking was occupied by Turkey, with an 11% share.

What are the largest producers of chromium ores and concentrates in the world?

South Africa remains the largest chromium ore and concentrate producing country worldwide, accounting for 44% of total volume. Moreover, chromium ore and concentrate production in South Africa exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. Turkey ranked third in terms of total production with a 17% share.

What are the leading suppliers of chromium ores and concentrates to the Dominican Republic?

In value terms, the United States constituted the largest supplier of chromium ore and concentrate to the Dominican Republic.

What is the average export price for chromium ores and concentrates in the Dominican Republic?

The average chromium ore and concentrate export price stood at $376 per ton in 2015, flattening at the previous year.

What is the average import price for chromium ores and concentrates in the Dominican Republic?

In 2021, the average chromium ore and concentrate import price amounted to $740 per ton, declining by -5.7% against the previous year.

This report provides an in-depth analysis of the market for chromium ore and concentrate in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023