Dominican Republic: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in the Dominican Republic

After four years of growth, the Dominican iron or steel bridges market decreased by -1.2% to $X in 2022. In general, consumption, however, continues to indicate a buoyant expansion. Iron or steel bridges consumption peaked at $X in 2021, and then fell in the following year.

Production of Iron Or Steel Bridges And Bridge-Sections in the Dominican Republic

In value terms, iron or steel bridges production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 most prominent rate of growth was recorded in 2015 when the production volume increased by 95% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from the Dominican Republic

Iron or steel bridges exports from the Dominican Republic shrank dramatically to X kg in 2022, with a decrease of -99.6% on the previous year. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 83% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron or steel bridges exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 156%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X kg) was the main destination for iron or steel bridges exports from the Dominican Republic, with a 73% share of total exports. Moreover, iron or steel bridges exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, Haiti (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turks and Caicos Islands stood at +41.8%.

In value terms, Turks and Caicos Islands ($X) emerged as the key foreign market for iron or steel bridges and bridge-sections exports from the Dominican Republic, comprising 80% of total exports. The second position in the ranking was taken by Haiti ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turks and Caicos Islands amounted to +22.1%.

Export Prices by Country

The average iron or steel bridges export price stood at $X per ton in 2022, growing by 31% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 88%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($X per ton), while the average price for exports to Haiti stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into the Dominican Republic

In 2022, approx. X tons of iron or steel bridges and bridge-sections were imported into the Dominican Republic; waning by -17.9% on 2021. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 32,268%. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, iron or steel bridges imports contracted notably to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 28,183% against the previous year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

Saudi Arabia (X tons), Costa Rica (X tons) and Canada (X tons) were the main suppliers of iron or steel bridges imports to the Dominican Republic, together comprising 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +278.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel bridges suppliers to the Dominican Republic were Saudi Arabia ($X), Costa Rica ($X) and Canada ($X), together accounting for 100% of total imports.

Canada, with a CAGR of +189.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average iron or steel bridges import price amounted to $X per ton, with a decrease of -10.4% against the previous year. Overall, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :