Report Update Jan 1, 2025

Dominican Republic - Crude Steel and Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in the Dominican Republic

The Dominican market for raw steel and steel semi-finished products surged to $X in 2021, rising by 88% 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). Over the period under review, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from the Dominican Republic

For the sixth year in a row, the Dominican Republic recorded decline in shipments abroad of raw steel and steel semi-finished products, which decreased by -50.3% to X tons in 2021. Overall, exports recorded a sharp descent. The growth pace was the most rapid in 2015 with an increase of 96% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of raw steel and steel semi-finished products declined markedly to $X in 2021. In general, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 39%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for exports of raw steel and steel semi-finished products from the Dominican Republic, accounting for a 79% share of total exports. Moreover, exports of raw steel and steel semi-finished products to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +52.0%.

In value terms, Haiti ($X) remains the key foreign market for raw steel and steel semi-finished products exports from the Dominican Republic, comprising 75% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled +86.3%.

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2021, picking up by 58% against the previous year. In general, the export price showed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 623% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into the Dominican Republic

In 2021, imports of raw steel and steel semi-finished products into the Dominican Republic skyrocketed to X tons, growing by 69% against 2020. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 74%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of raw steel and steel semi-finished products soared to $X in 2021. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Brazil (X tons) and Russia (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to the Dominican Republic, together accounting for 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Brazil ($X) and Russia ($X) were the largest raw steel and steel semi-finished products suppliers to the Dominican Republic, together accounting for 77% of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +43.8%, saw the highest rates of growth with regard to 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

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2021, rising by 28% against the previous year. Overall, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 58% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw steel and steel semi-finished products in the world?

The countries with the highest volumes of consumption of raw steel and steel semi-finished products in 2020 were China, Taiwan Chinese) and India, with a combined 75% share of global consumption.

What are the largest producers of raw steel and steel semi-finished products in the world?

The country with the largest volume of production of raw steel and steel semi-finished products was China, comprising approx. 56% of total volume. Moreover, production of raw steel and steel semi-finished products in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Japan ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of raw steel and steel semi-finished products to the Dominican Republic?

In value terms, the largest raw steel and steel semi-finished products suppliers to the Dominican Republic were Ukraine, Brazil and Russia, with a combined 90% share of total imports.

What are the leading importers of raw steel and steel semi-finished products from the Dominican Republic?

In value terms, Haiti emerged as the key foreign market for raw steel and steel semi-finished products exports from the Dominican Republic, comprising 85% of total exports. The second position in the ranking was occupied by the United States, with a 15% share of total exports.

What is the average export price for raw steel and steel semi-finished products in the Dominican Republic?

In 2020, the average export price for raw steel and steel semi-finished products amounted to $2,649 per ton, increasing by 3.2% against the previous year.

What is the average import price for raw steel and steel semi-finished products in the Dominican Republic?

In 2020, the average import price for raw steel and steel semi-finished products amounted to $495 per ton, rising by 15% against the previous year.

This report provides an in-depth analysis of the market for raw steel and steel semi-finished products 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:

Prodcom 24102110 - Flat semi-finished products (of non-alloy steel)
Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024