Dominican Republic: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in the Dominican Republic

The Dominican non-alloy steel u-section market dropped to $X in 2022, with a decrease of -11% 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). In general, consumption, however, showed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Non-Alloy Steel U-Section Exports

Exports from the Dominican Republic

In 2022, after three years of growth, there was significant decline in overseas shipments of u-sections of non-alloy steel, when their volume decreased by -51.1% to X tons. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by 638%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-alloy steel u-section exports contracted sharply to $X in 2022. In general, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2016 when exports increased by 784%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Antigua and Barbuda (X tons), Haiti (X tons) and Dominica (X tons) were the main destinations of non-alloy steel u-section exports from the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda (with a CAGR of +35.2%), while the other leaders experienced a decline.

In value terms, Antigua and Barbuda ($X), Haiti ($X) and Dominica ($X) appeared to be the largest markets for non-alloy steel u-section exported from the Dominican Republic worldwide.

Among the main countries of destination, Antigua and Barbuda, with a CAGR of +61.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-alloy steel u-section export price amounted to $X per ton, increasing by 28% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2013 an increase of 174% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Dominica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Anguilla (+68.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into the Dominican Republic

Non-alloy steel u-section imports into the Dominican Republic reduced notably to X tons in 2022, waning by -29.2% on the previous year. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 82% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section imports fell to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 109%. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

Turkey (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of non-alloy steel u-section imports to the Dominican Republic, with a combined 97% 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 Turkey (with a CAGR of +55.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), the United States ($X) and Mexico ($X) constituted the largest non-alloy steel u-section suppliers to the Dominican Republic, with a combined 95% share of total imports.

Turkey, with a CAGR of +58.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 non-alloy steel u-section import price amounted to $X per ton, surging by 39% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +86.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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