Report Update Nov 1, 2024

Dominican Republic - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Dominican Republic: Nickel Ore Market 2024

Nickel Ore Market Size in the Dominican Republic

For the fifth year in a row, the Dominican nickel ore market recorded growth in sales value, which increased by 1,916% to $X in 2021. In general, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nickel Ore Production in the Dominican Republic

In value terms, nickel ore production rose markedly to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Nickel Ore Exports

Exports from the Dominican Republic

Nickel ore exports from the Dominican Republic skyrocketed to X tons in 2021, growing by 45% on the previous year's figure. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 203%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, nickel ore exports surged to $X in 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for nickel ore exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +47.7%.

In value terms, Canada ($X) also remains the key foreign market for nickel ores and concentrates exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +44.2%.

Export Prices by Country

In 2021, the average nickel ore export price amounted to $X per ton, increasing by 95% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -2.4% per year.

Nickel Ore Imports

Imports into the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded growth in purchases abroad of nickel ores and concentrates, which increased by 1,889% to X tons in 2021. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel ore imports surged to $X in 2021. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Guatemala (X tons) was the main supplier of nickel ore to the Dominican Republic, accounting for a 99.9% share of total imports. It was followed by the United States (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Guatemala was relatively modest.

In value terms, Guatemala ($X) constituted the largest supplier of nickel ores and concentrates to the Dominican Republic, comprising 99.9% of total imports. The second position in the ranking was taken by the United States ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Guatemala was relatively modest.

Import Prices by Country

The average nickel ore import price stood at $X per ton in 2021, waning by -27.5% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 93% against the previous year. The import price peaked at $X per ton in 2020, and then shrank markedly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Guatemala totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, the Philippines and Indonesia, with a combined 98% share of global consumption.

What are the largest producers of nickel ores and concentrates in the world?

The country with the largest volume of nickel ore production was the Philippines, accounting for 65% of total volume. Moreover, nickel ore production in the Philippines exceeded the figures recorded by the second-largest producer, Indonesia, twofold.

What are the leading suppliers of nickel ores and concentrates to the Dominican Republic?

In value terms, Guatemala constituted the largest supplier of nickel ore to the Dominican Republic.

What are the leading importers of nickel ores and concentrates from the Dominican Republic?

In value terms, Canada remains the key foreign market for nickel ore exports from the Dominican Republic.

What is the average export price for nickel ores and concentrates in the Dominican Republic?

In 2021, the average nickel ore export price amounted to $249 per ton, waning by -20% against the previous year.

What is the average import price for nickel ores and concentrates in the Dominican Republic?

The average nickel ore import price stood at $6,526 per ton in 2021, approximately equating the previous year.

This report provides an in-depth analysis of the nickel ore 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 07291200 - Nickel ores and concentrates

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