Report Update Jan 1, 2025

Dominican Republic - Permanent Magnets of Metal - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in the Dominican Republic

The Dominican metal permanent magnet market amounted to $X in 2022, increasing by 9.2% 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, however, saw a significant expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Metal Permanent Magnet Exports

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of metal permanent magnets, when their volume increased by 517% to X tons. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal permanent magnet exports soared to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for metal permanent magnet exports from the Dominican Republic, accounting for a approx. 90% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +6.9%.

In value terms, the United States ($X) also remains the key foreign market for metal permanent magnets exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +23.2%.

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, surging by 61% against the previous year. In general, the export price enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 92% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +15.2% per year.

Metal Permanent Magnet Imports

Imports into the Dominican Republic

In 2022, the amount of metal permanent magnets imported into the Dominican Republic expanded notably to X tons, surging by 7.7% compared with 2021. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 211%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 208%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal permanent magnet imports to the Dominican Republic, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +146.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet suppliers to the Dominican Republic were the United States ($X), China ($X) and Italy ($X), with a combined 96% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +145.0%, saw 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 2022, the average metal permanent magnet import price amounted to $X per ton, increasing by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for metal permanent magnets in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Mexico, Indonesia, Japan, Germany, Canada, Saudi Arabia, Italy, South Korea, the Philippines and Thailand, which together accounted for a further 30%.

What are the largest producers of metal permanent magnets in the world?

China constituted the country with the largest volume of metal permanent magnet production, accounting for 50% of total volume. Moreover, metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of metal permanent magnets to the Dominican Republic?

In value terms, the United States constituted the largest supplier of metal permanent magnet to the Dominican Republic, comprising 63% of total imports. The second position in the ranking was occupied by China, with a 20% share of total imports. It was followed by Colombia, with a 7.1% share.

What are the leading importers of metal permanent magnets from the Dominican Republic?

In value terms, Mexico remains the key foreign market for metal permanent magnet exports from the Dominican Republic, comprising 67% of total exports. The second position in the ranking was occupied by the United States, with a 19% share of total exports. It was followed by Haiti, with a 4.6% share.

What is the average export price for metal permanent magnets in the Dominican Republic?

The average metal permanent magnet export price stood at $29 per unit in 2021, reducing by -18.3% against the previous year.

What is the average import price for metal permanent magnets in the Dominican Republic?

The average metal permanent magnet import price stood at $64 per unit in 2021, surging by 44% against the previous year.

This report provides an in-depth analysis of the metal permanent magnet 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 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024