Report Update Nov 1, 2024

Dominican Republic - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in the Dominican Republic

In 2022, the Dominican iron or steel leaf-spring market increased by 12% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a strong expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from the Dominican Republic

In 2022, the amount of iron or steel leaf-springs and leaves exported from the Dominican Republic soared to X kg, growing by 254% against the previous year. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports soared to $X in 2022. Overall, exports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2020 with an increase of 297%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Guyana (X kg) was the main destination for iron or steel leaf-spring 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 Guyana totaled -5.1%.

In value terms, Guyana ($X) also remains the key foreign market for iron or steel leaf-springs and leaves exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Guyana amounted to -1.7%.

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, with a decrease of -15.5% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. 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.

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

From 2012 to 2022, the rate of growth in terms of prices for Guyana amounted to +3.6% per year.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into the Dominican Republic

In 2022, purchases abroad of iron or steel leaf-springs and leaves was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 136% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports dropped to $X in 2022. In general, imports recorded prominent growth. The growth pace was the most rapid in 2018 when imports increased by 112% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Colombia (X tons) and Mexico (X tons) were the main suppliers of iron or steel leaf-spring imports to the Dominican Republic, together comprising 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was taken by Colombia ($X), with a 15% share of total imports. It was followed by Brazil, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+1.3% per year) and Brazil (+22.8% per year).

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, declining by -43.1% against the previous year. Overall, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 46% against the previous year. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel leaf-springs and leaves in the world?

The country with the largest volume of consumption of iron or steel leaf-springs and leaves was China, accounting for 29% of total volume. Moreover, consumption of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of iron or steel leaf-springs and leaves in the world?

China constituted the country with the largest volume of production of iron or steel leaf-springs and leaves, accounting for 30% of total volume. Moreover, production of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest producer, Mexico, twofold. The third position in this ranking was occupied by India, with a 9.1% share.

What are the leading suppliers of iron or steel leaf-springs and leaves to the Dominican Republic?

In value terms, the largest iron or steel leaf-spring and leave suppliers to the Dominican Republic were Colombia, China and Mexico, with a combined 59% share of total imports. Vietnam, Panama, the United States and Japan lagged somewhat behind, together accounting for a further 30%.

What are the leading importers of iron or steel leaf-springs and leaves from the Dominican Republic?

In value terms, Guyana remains the key foreign market for iron or steel leaf-spring and leave exports from the Dominican Republic, comprising 89% of total exports. The second position in the ranking was occupied by Jamaica $301), with a 10% share of total exports.

What is the average export price for iron or steel leaf-springs and leaves in the Dominican Republic?

The average export price for iron or steel leaf-springs and leaves stood at $7,999 per ton in 2021, with a decrease of -33.7% against the previous year.

What is the average import price for iron or steel leaf-springs and leaves in the Dominican Republic?

The average import price for iron or steel leaf-springs and leaves stood at $2,803 per ton in 2021, surging by 33% against the previous year.

This report provides an in-depth analysis of the market for iron or steel leaf-spring 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 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor

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