Dominican Republic: Metal Crown Cork Market 2025

Metal Crown Cork Market Size in the Dominican Republic

The Dominican metal crown cork market dropped markedly to $X in 2022, which is down by -18.8% against the previous year. Overall, consumption saw a mild decline. Metal crown cork consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Metal Crown Cork Production in the Dominican Republic

In value terms, metal crown cork production fell to $X in 2022 estimated in export price. In general, production recorded a noticeable curtailment. The growth pace was the most rapid in 2021 when the production volume increased by 39%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Metal Crown Cork Exports

Exports from the Dominican Republic

After three years of decline, overseas shipments of iron or steel crown corks increased by 6.2% to X units in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 273%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal crown cork exports totaled $X in 2022. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 214% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saint Vincent and the Grenadines (X units) was the main destination for metal crown cork exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saint Vincent and the Grenadines stood at +1.1%.

In value terms, Saint Vincent and the Grenadines ($X) also remains the key foreign market for iron or steel crown corks exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Saint Vincent and the Grenadines stood at +8.7%.

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, reducing by -5% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal crown cork export price increased by +41.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 56% against the previous year. Over the period under review, the average export prices attained the maximum at $X per thousand units in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Saint Vincent and the Grenadines.

From 2012 to 2022, the rate of growth in terms of prices for Saint Vincent and the Grenadines amounted to +7.5% per year.

Metal Crown Cork Imports

Imports into the Dominican Republic

After two years of growth, supplies from abroad of iron or steel crown corks decreased by -30.8% to X units in 2022. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 113%. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, metal crown cork imports soared to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 100% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X units) constituted the largest metal crown cork supplier to the Dominican Republic, with a 51% share of total imports. Moreover, metal crown cork imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Spain (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.6% per year) and Spain (+17.7% per year).

In value terms, the largest metal crown cork suppliers to the Dominican Republic were Spain ($X), the United States ($X) and Mexico ($X), with a combined 88% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +35.4%, recorded 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

In 2022, the average metal crown cork import price amounted to $X per thousand units, rising by 81% against the previous year. Overall, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Spain ($X per thousand units), while the price for Mexico ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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