Dominican Republic: Copper Foil Market 2024

Copper Foil Market Size in the Dominican Republic

The Dominican copper foil market expanded markedly to $X in 2022, picking up by 8.9% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Copper Foil Production in the Dominican Republic

In value terms, copper foil production rose notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 48% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Copper Foil Exports

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of copper foil, when their volume increased by 272% to X kg. Overall, exports enjoyed a tangible increase. The pace of growth was the most pronounced in 2014 when exports increased by 607%. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, copper foil exports skyrocketed to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,076% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Aruba (X kg) was the main destination for copper foil exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by the United States (X kg), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Aruba totaled +32.2%.

In value terms, Aruba ($X) remains the key foreign market for copper foil exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Aruba stood at +35.4%.

Export Prices by Country

In 2022, the average copper foil export price amounted to $X per ton, which is down by -45.5% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 an increase of 153% against the previous year. The export price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.6%).

Copper Foil Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of copper foil increased by 98% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 134% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper foil imports skyrocketed to $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 158% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of copper foil to the Dominican Republic, with a 46% share of total imports. Moreover, copper foil imports from Mexico exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.1% per year) and the Netherlands (+247.1% per year).

In value terms, Mexico ($X), the Netherlands ($X) and China ($X) constituted the largest copper foil suppliers to the Dominican Republic, with a combined 84% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +272.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average copper foil import price amounted to $X per ton, falling by -6.1% against the previous year. Over the period under review, the import price recorded a mild decline. The pace of growth appeared the most rapid in 2019 an increase of 43%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform