Dominican Republic: Metal Washer Market 2025

Metal Washer Market Size in the Dominican Republic

The Dominican metal washer market skyrocketed to $X in 2021, growing by 81% 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 saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Washer Exports

Exports from the Dominican Republic

In 2021, metal washer exports from the Dominican Republic shrank rapidly to X tons, which is down by -15% compared with the previous year's figure. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 5,276%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal washer exports skyrocketed to $X in 2021. In general, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 2,427% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for metal washer exports from the Dominican Republic, accounting for a 58% share of total exports. Moreover, metal washer exports to Haiti exceeded the volume sent to the second major destination, Spain (X tons), twofold. Germany (X kg) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Germany (+73.9% per year).

In value terms, the largest markets for metal washer exported from the Dominican Republic were Germany ($X), the United States ($X) and Haiti ($X), with a combined 97% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +30.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, growing by 239% against the previous year. In general, the export price showed a measured expansion. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Washer Imports

Imports into the Dominican Republic

Metal washer imports into the Dominican Republic surged to X tons in 2021, picking up by 60% on the previous year's figure. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 62%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, metal washer imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest metal washer supplier to the Dominican Republic, accounting for a 60% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.2% per year) and Spain (+47.5% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel washers to the Dominican Republic, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Spain, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.0% per year) and Spain (+43.2% per year).

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, growing by 25% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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