Dominican Republic: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in the Dominican Republic

In 2022, the Dominican metal spring washer market increased by 5.6% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a perceptible increase. Metal spring washer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports from the Dominican Republic

In 2022, shipments abroad of iron or steel spring washers was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 5,758% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal spring washer exports skyrocketed to $X in 2022. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2016 with an increase of 1,531%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for metal spring washer exports from the Dominican Republic, with a 61% share of total exports. Moreover, metal spring washer exports to France exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.3% per year) and Haiti (+7.8% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel spring washers exports from the Dominican Republic, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.7% per year) and Haiti (+14.9% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, growing by 25% against the previous year. Over the period under review, the export price recorded a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by 474%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.8%).

Metal Spring Washer Imports

Imports into the Dominican Republic

In 2022, approx. X tons of iron or steel spring washers were imported into the Dominican Republic; waning by -2.8% on the year before. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 118%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal spring washer imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 117%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal spring washer to the Dominican Republic, with a 65% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.6% per year) and Mexico (+24.5% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest metal spring washer suppliers to the Dominican Republic, together comprising 78% of total imports. Japan, India, Mexico, Italy, Brazil and Spain lagged somewhat behind, together accounting for a further 11%.

Italy, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal spring washer import price stood at $X per ton in 2022, surging by 13% against the previous year. Overall, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2018 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Japan ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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