Dominican Republic: Gold Market 2025

Gold Market Size in the Dominican Republic

The Dominican gold market reduced to $X in 2021, with a decrease of -13.8% against the previous year. In general, consumption faced a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Gold Production in the Dominican Republic

In value terms, gold production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 914%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Gold Exports

Exports from the Dominican Republic

In 2021, overseas shipments of gold decreased by -6.1% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 548%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, gold exports amounted to $X in 2021. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 607%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Switzerland (X tons), India (X tons) and Canada (X tons) were the main destinations of gold exports from the Dominican Republic, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +60.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), India ($X) and Canada ($X) were the largest markets for gold exported from the Dominican Republic worldwide, with a combined 92% share of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +66.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, picking up by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2020 an increase of 26%. Over the period under review, the average export prices attained the maximum at $X per kg in 2016; however, from 2017 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 the United States ($X per kg), while the average price for exports to Canada ($X per kg) 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 (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into the Dominican Republic

In 2021, the amount of gold imported into the Dominican Republic surged to X tons, jumping by 72% on the previous year's figure. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 591%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, gold imports soared to $X in 2021. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 650%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of gold to the Dominican Republic, with a 51% share of total imports. Moreover, gold imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +13.7%.

In value terms, Italy ($X) constituted the largest supplier of gold to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 4.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +18.8%.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, surging by 20% against the previous year. In general, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +65.3% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 27%. Over the period under review, average import prices hit record highs at $X per kg in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per kg), while the price for the United States amounted to $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.5%).

Source: IndexBox Platform

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