Dominican Republic: Market for Iron Or Steel Anchors, Grapnels 2025

Market Size for Iron Or Steel Anchors, Grapnels in the Dominican Republic

The Dominican metal anchors and grapnels market reached $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal anchors and grapnels consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Anchors, Grapnels in the Dominican Republic

In value terms, metal anchors and grapnels production totaled $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports from the Dominican Republic

After three years of growth, shipments abroad of iron or steel anchors, grapnels decreased by -55.1% to X units in 2022. Overall, exports saw a precipitous descent. The pace of growth was the most pronounced in 2016 when exports increased by 9,389% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal anchors and grapnels exports skyrocketed to $X in 2022. In general, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 11,624% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X units) was the main destination for metal anchors and grapnels exports from the Dominican Republic, with a 86% share of total exports. Moreover, metal anchors and grapnels exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti was relatively modest.

In value terms, the United States ($X) remains the key foreign market for iron or steel anchors, grapnels exports from the Dominican Republic, comprising 74% of total exports. The second position in the ranking was held by Haiti ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +39.9%.

Export Prices by Country

The average metal anchors and grapnels export price stood at $X per unit in 2022, picking up by 437% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 857%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Anchors, Grapnels

Imports into the Dominican Republic

In 2022, approx. X units of iron or steel anchors, grapnels were imported into the Dominican Republic; reducing by -17.4% compared with the year before. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2015 when imports increased by 346%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal anchors and grapnels imports shrank to $X in 2022. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 531% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Colombia (X units) were the main suppliers of metal anchors and grapnels imports to the Dominican Republic, together accounting for 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +66.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest metal anchors and grapnels suppliers to the Dominican Republic were the United States ($X), China ($X) and Colombia ($X), together accounting for 99% of total imports.

Among the main suppliers, Colombia, with a CAGR of +71.5%, 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 mixed trend patterns.

Import Prices by Country

The average metal anchors and grapnels import price stood at $X per unit in 2022, picking up by 15% against the previous year. Overall, the import price continues to indicate a pronounced expansion. The growth pace was the most rapid in 2019 an increase of 76%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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