Dominican Republic: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in the Dominican Republic

In 2021, the Dominican copper pipe and fitting market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Copper Tubes, Pipes And Fitting

Exports from the Dominican Republic

Copper pipe and fitting exports from the Dominican Republic soared to X tons in 2021, picking up by 142% against 2020. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2016 when exports increased by 143%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, copper pipe and fitting exports surged to $X in 2021. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 358%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Haiti (X tons) was the main destination for copper pipe and fitting exports from the Dominican Republic, accounting for a 65% share of total exports. Moreover, copper pipe and fitting exports to Haiti exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Jamaica (X kg), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+214.9% per year) and Jamaica (+47.8% per year).

In value terms, Haiti ($X) remains the key foreign market for copper tubes, pipes and fitting exports from the Dominican Republic, comprising 40% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Italy, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Haiti stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.5% per year) and Italy (+193.6% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, picking up by 17% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 89%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 the United States (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into the Dominican Republic

In 2021, overseas purchases of copper tubes, pipes and fitting were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 -7.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 65%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of copper pipe and fitting to the Dominican Republic, accounting for a 51% share of total imports. Moreover, copper pipe and fitting 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 held by Italy (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.8% per year) and Italy (-0.1% per year).

In value terms, the largest copper pipe and fitting suppliers to the Dominican Republic were the United States ($X), China ($X) and Italy ($X), with a combined 79% share of total imports. Mexico and Spain lagged somewhat behind, together accounting for a further 9.9%.

Spain, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average copper pipe and fitting import price amounted to $X per ton, surging by 26% against the previous year. Overall, the import price saw 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :