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Report Dominican Republic - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Dominican Republic - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Hot-Rolled Bars In Bearing Steels 2025

Market Size for Hot-Rolled Bars In Bearing Steels in the Dominican Republic

The Dominican hot-rolled bearing steel bar market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Bars In Bearing Steels in the Dominican Republic

In value terms, hot-rolled bearing steel bar production declined slightly to $X in 2022 estimated in export price. In general, production saw a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 4.2%. Hot-rolled bearing steel bar production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from the Dominican Republic

In 2022, the amount of hot-rolled bars in bearing steels exported from the Dominican Republic shrank sharply to X tons, which is down by -38.5% compared with 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 335%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled bearing steel bar exports contracted rapidly to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 213% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Jamaica (X tons) was the main destination for hot-rolled bearing steel bar exports from the Dominican Republic, with a 98% share of total exports. It was followed by the United States (X tons), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Jamaica totaled -9.0%.

In value terms, Jamaica ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was held by the United States ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Jamaica totaled -9.0%.

Export Prices by Country

In 2022, the average hot-rolled bearing steel bar export price amounted to $X per ton, surging by 7.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Jamaica stood at $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 (+5.1%).

Imports of Hot-Rolled Bars In Bearing Steels

Imports into the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded decline in overseas purchases of hot-rolled bars in bearing steels, which decreased by -21% to X tons in 2022. Overall, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2014 when imports increased by 1,081%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports soared to $X in 2022. Over the period under review, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 957% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of hot-rolled bearing steel bar to the Dominican Republic, with a 98% share of total imports. It was followed by the United States (X kg), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +33.3%.

In value terms, China ($X) constituted the largest supplier of hot-rolled bars in bearing steels to the Dominican Republic, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +30.3%.

Import Prices by Country

In 2022, the average hot-rolled bearing steel bar import price amounted to $X per ton, jumping by 144% against the previous year. In general, the import price posted a mild expansion. 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of hot-rolled bearing steel bar consumption, accounting for 18% of total volume. Moreover, hot-rolled bearing steel bar consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Turkey ranked third in terms of total consumption with a 5.6% share.
China constituted the country with the largest volume of hot-rolled bearing steel bar production, comprising approx. 44% of total volume. Moreover, hot-rolled bearing steel bar production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Russia, with a 6% share.
In value terms, Turkey constituted the largest supplier of hot-rolled bearing steel bar to the Dominican Republic, comprising 70% of total imports. The second position in the ranking was occupied by India, with a 9.4% share of total imports. It was followed by South Korea, with a 6% share.
The average hot-rolled bearing steel bar import price stood at $1,591 per ton in 2021, increasing by 2.5% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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 24106630 - Hot-rolled bars in bearing steels

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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