Dominican Republic: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the Dominican Republic

In 2021, after two years of growth, there was significant decline in the Dominican market for ribbed or other deformed wire rod of non-alloy steel, when its value decreased by -22% to $X. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the Dominican Republic

In value terms, deformed non-alloy steel wire rod production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 30%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded decline in overseas shipments of ribbed or other deformed wire rod of non-alloy steel, which decreased by -30.5% to X tons in 2021. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 245% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports fell to $X in 2021. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 183%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X tons), the United States (X tons) and Saint Lucia (X tons) were the main destinations of deformed non-alloy steel wire rod exports from the Dominican Republic, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +17.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for deformed non-alloy steel wire rod exported from the Dominican Republic were the United States ($X), Haiti ($X) and Saint Lucia ($X), together accounting for 96% of total exports.

The United States, with a CAGR of +20.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, jumping by 23% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, deformed non-alloy steel wire rod export price increased by +48.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 70%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Suriname ($X per ton), while the average price for exports to Haiti ($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 Suriname (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into the Dominican Republic

After five years of growth, overseas purchases of ribbed or other deformed wire rod of non-alloy steel decreased by -53.7% to X tons in 2021. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 762% against the previous year. Imports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, deformed non-alloy steel wire rod imports reduced remarkably to $X in 2021. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 657% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Ukraine (X tons) and Turkey (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to the Dominican Republic, together comprising 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was held by Ukraine ($X), with a 28% share of total imports. It was followed by Turkey, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +53.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and Turkey (+4.2% per year).

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, increasing by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 61%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+49.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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