Report Update Nov 1, 2024

Dominican Republic - Iron or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Expanded Metal Market 2024

Expanded Metal Market Size in the Dominican Republic

The Dominican expanded metal market skyrocketed to $X in 2022, picking up by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Expanded Metal Exports

Exports from the Dominican Republic

In 2022, the amount of iron or steel expanded metal exported from the Dominican Republic declined significantly to X tons, with a decrease of -27.4% against the previous year's figure. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,028% against the previous year. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, expanded metal exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 5,195% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for expanded metal exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +48.5%.

In value terms, Haiti ($X) also remains the key foreign market for iron or steel expanded metal exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled +33.7%.

Export Prices by Country

In 2022, the average expanded metal export price amounted to $X per ton, rising by 125% against the previous year. Overall, the export price, however, continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 46,213%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +162.8% per year.

Expanded Metal Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in supplies from abroad of iron or steel expanded metal, which increased by 1.6% to X tons in 2022. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 81%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, expanded metal imports soared to $X in 2022. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 83%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of expanded metal to the Dominican Republic, with a 67% share of total imports. Moreover, expanded metal imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +69.6%.

In value terms, China ($X) and Mexico ($X) constituted the largest expanded metal suppliers to the Dominican Republic.

China, with a CAGR of +69.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, jumping by 32% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expanded metal import price increased by +80.0% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 37%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel expanded metal in the world?

China remains the largest expanded metal consuming country worldwide, accounting for 24% of total volume. Moreover, expanded metal consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.7% share.

What are the largest producers of iron or steel expanded metal in the world?

The country with the largest volume of expanded metal production was China, accounting for 29% of total volume. Moreover, expanded metal production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.4% share.

What are the leading suppliers of iron or steel expanded metal to the Dominican Republic?

In value terms, China, Honduras and Mexico constituted the largest expanded metal suppliers to the Dominican Republic, together comprising 88% of total imports.

What are the leading importers of iron or steel expanded metal from the Dominican Republic?

In value terms, Haiti remains the key foreign market for expanded metal exports from the Dominican Republic, comprising 94% of total exports. The second position in the ranking was occupied by Antigua and Barbuda, with a 5.6% share of total exports.

What is the average export price for iron or steel expanded metal in the Dominican Republic?

In 2021, the average expanded metal export price amounted to $1,449 per ton, increasing by 3.2% against the previous year.

What is the average import price for iron or steel expanded metal in the Dominican Republic?

The average expanded metal import price stood at $1,752 per ton in 2021, surging by 33% against the previous year.

This report provides an in-depth analysis of the expanded metal market 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 25931350 - Iron or steel expanded metal

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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023