Dominican Republic: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Dominican Republic

In 2020, the Dominican market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Iron, steel or aluminium reservoir consumption peaked at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from the Dominican Republic

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers were finally on the rise to reach X tons for the first time since 2014, thus ending a five-year declining trend. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports surged to $X in 2020. Overall, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Colombia (X tons), the U.S. (X tons) and Peru (X tons) were the main destinations of iron, steel or aluminium reservoir exports from the Dominican Republic, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Peru (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from the Dominican Republic were Haiti ($X), the U.S. ($X) and Colombia ($X), with a combined X% share of total exports. These countries were followed by Peru, which accounted for a further X terms of the main countries of destination, Peru (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price recorded a slight contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Haiti ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Haiti, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into the Dominican Republic

In 2020, after two years of growth, there was decline in supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. Overall, imports, however, saw perceptible growth. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports contracted dramatically to $X in 2020. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), the U.S. (X tons) and China (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to the Dominican Republic, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Mexico, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to the Dominican Republic were the U.S. ($X), Mexico ($X) and China ($X), together comprising X% of total imports.

Among the main suppliers, Mexico 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 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, dropping by -X% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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