Dominican Republic: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in the Dominican Republic

In 2021, the Dominican market for copper bars, wire and plates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper bars, wire and plates consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Copper Bars, Wire And Plates

Exports from the Dominican Republic

In 2021, approx. X tons of copper bars, wire and plates were exported from the Dominican Republic; dropping by -20% compared with 2020. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 338%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports fell slightly to $X in 2021. Overall, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 199%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X tons), the United States (X tons) and Haiti (X kg) were the main destinations of copper bars, wire and plates exports from the Dominican Republic, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +324.5%), while shipments for the other leaders experienced a decline.

In value terms, Costa Rica ($X), the United States ($X) and Mexico ($X) constituted the largest markets for copper bars, wire and plates exported from the Dominican Republic worldwide, with a combined 97% share of total exports.

Costa Rica, with a CAGR of +874.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, increasing by 21% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +31.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 112% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Haiti ($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 Costa Rica (+129.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of copper bars, wire and plates, when their volume increased by 16% to X tons. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 39%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates imports surged to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 51% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of copper bars, wire and plates imports to the Dominican Republic, with a combined 55% share of total imports. These countries were followed by Brazil, Germany, Mexico and Canada, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of copper bars, wire and plates to the Dominican Republic, comprising 30% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Brazil, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.7% per year) and Brazil (+24.5% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, jumping by 30% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :