Dominican Republic: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in the Dominican Republic

The Dominican copper tube and pipe market skyrocketed to $X in 2021, rising by 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper tube and pipe consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports from the Dominican Republic

In 2021, exports of copper tubes and pipes from the Dominican Republic skyrocketed to X tons, with an increase of 696% against 2020. In general, exports, however, saw a pronounced contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper tube and pipe exports skyrocketed to $X in 2021. Overall, exports recorded notable growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for copper tube and pipe exports from the Dominican Republic, accounting for a 90% share of total exports. Moreover, copper tube and pipe exports to Haiti exceeded the volume sent to the second major destination, Turks and Caicos Islands (X kg), more than tenfold. Cuba (X kg) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+57.8% per year) and Cuba (+80.8% per year).

In value terms, Haiti ($X) remains the key foreign market for copper tubes and pipes exports from the Dominican Republic, comprising 77% of total exports. The second position in the ranking was taken by Turks and Caicos Islands ($X), with a 21% share of total exports. It was followed by Cuba, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+87.1% per year) and Cuba (-8.7% per year).

Export Prices by Country

In 2021, the average copper tube and pipe export price amounted to $X per ton, jumping by 17% against the previous year. Overall, the export price saw a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 77% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turks and Caicos Islands ($X per ton), while the average price for exports to Cuba ($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 Turks and Caicos Islands (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into the Dominican Republic

In 2021, copper tube and pipe imports into the Dominican Republic rose rapidly to X tons, growing by 15% compared with 2020 figures. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.5% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 37%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, copper tube and pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of copper tube and pipe to the Dominican Republic, with a 58% share of total imports. Moreover, copper tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Mexico (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes and pipes to the Dominican Republic, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and Mexico (+1.3% per year).

Import Prices by Country

In 2021, the average copper tube and pipe import price amounted to $X per ton, with an increase of 31% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform