Dominican Republic: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in the Dominican Republic

The Dominican market for sanitary ware and parts of iron or steel amounted to $X in 2021, growing by 4.5% against the previous year. In general, consumption, however, recorded a slight downturn. Iron or steel sanitary ware consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Sanitary Ware And Parts Of Iron Or Steel in the Dominican Republic

In value terms, iron or steel sanitary ware production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from the Dominican Republic

In 2021, approx. X tons of sanitary ware and parts of iron or steel were exported from the Dominican Republic; which is down by -16.7% compared with 2020 figures. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 2,912%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware exports expanded markedly to $X in 2021. Overall, exports, however, saw a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 4,521% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for iron or steel sanitary ware exports from the Dominican Republic, with a 55% share of total exports. Moreover, iron or steel sanitary ware exports to the United States exceeded the volume sent to the second major destination, Turks and Caicos Islands (X tons), threefold. The third position in this ranking was held by Haiti (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+98.0% per year) and Haiti (+17.9% per year).

In value terms, the United States ($X) remains the key foreign market for sanitary ware and parts of iron or steel exports from the Dominican Republic, comprising 38% of total exports. The second position in the ranking was taken by Turks and Caicos Islands ($X), with an 18% share of total exports. It was followed by Haiti, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+53.7% per year) and Haiti (+10.6% per year).

Export Prices by Country

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, jumping by 32% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2016 an increase of 54% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Honduras ($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 Haiti (-6.2%), while the prices for the other major destinations experienced a decline.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into the Dominican Republic

Iron or steel sanitary ware imports into the Dominican Republic skyrocketed to X tons in 2021, picking up by 43% against 2020 figures. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 181%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, iron or steel sanitary ware imports soared to $X in 2021. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 151%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel sanitary ware supplier to the Dominican Republic, with a 73% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. The third position in this ranking was held by Spain (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+10.9% per year) and Spain (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by Spain ($X), with an 8.6% share of total imports. It was followed by the United States, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.5% per year) and the United States (-0.6% per year).

Import Prices by Country

The average import price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, with an increase of 8.7% against the previous year. In general, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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