Report Update Nov 1, 2024

Dominican Republic - Nickel (Unwrought) - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Nickel Market 2024

Nickel Market Size in the Dominican Republic

The Dominican nickel market shrank to $X in 2022, reducing by -4.3% against the previous year. Overall, consumption continues to indicate a perceptible curtailment. Nickel consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Nickel Production in the Dominican Republic

In value terms, nickel production fell modestly to $X in 2022 estimated in export price. In general, production showed a noticeable setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 70%. Nickel production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nickel Exports

Exports from the Dominican Republic

In 2022, approx. X tons of nickel (unwrought) were exported from the Dominican Republic; with an increase of 853% against 2021 figures. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for nickel exports from the Dominican Republic, accounting for a approx. 99% share of total exports.

From 2021 to 2022, the average annual growth rate of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for nickel (unwrought) exports from the Dominican Republic.

From 2021 to 2022, the average annual growth rate of value to India was relatively modest.

Export Prices by Country

In 2022, the average nickel export price amounted to $X per ton, picking up by 5.5% against the previous year. Over the period from 2021 to 2022, it increased at an average annual rate of +5.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2021 to 2022, the rate of growth in terms of prices for India amounted to 0.0% per year.

Nickel Imports

Imports into the Dominican Republic

After six years of growth, purchases abroad of nickel (unwrought) decreased by -6.9% to X kg in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 660%. Imports peaked at X kg in 2021, and then shrank in the following year.

In value terms, nickel imports contracted to $X in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2016 when imports increased by 504% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, the United States (X kg) was the main supplier of nickel to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +21.0%.

In value terms, the United States ($X) constituted the largest supplier of nickel (unwrought) to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +24.4%.

Import Prices by Country

In 2022, the average nickel import price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2013 an increase of 18% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, with a combined 32% share of global consumption. Indonesia, Nigeria, Turkey, Japan, the UK, South Korea, France, Poland, Sudan and Brazil lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and China, together accounting for 27% of global production. These countries were followed by Indonesia, Nigeria, Australia, Turkey, Canada, the UK, Japan, Norway, Poland and South Africa, which together accounted for a further 34%.

What are the leading suppliers of nickel (unwrought) to the Dominican Republic?

In value terms, the United States $837) constituted the largest supplier of nickel to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was occupied by Switzerland $91), with a 9.8% share of total imports.

What are the leading importers of nickel (unwrought) from the Dominican Republic?

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

What is the average export price for nickel (unwrought) in the Dominican Republic?

The average nickel export price stood at $5,000 per ton in 2020, reducing by -11.7% against the previous year.

What is the average import price for nickel (unwrought) in the Dominican Republic?

In 2021, the average nickel import price amounted to $14,968 per ton, picking up by 13% against the previous year.

This report provides an in-depth analysis of the nickel 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 24451100 - Nickel, unwrought
Prodcom 24451110 -
Prodcom 24451120 -

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