Dominican Republic: Market for Welded And Cold-Formed Sections Of Steel 2025

Market Size for Welded And Cold-Formed Sections Of Steel in the Dominican Republic

The Dominican market for welded and cold-formed sections of steel rose to $X in 2022, increasing by 4.1% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Welded And Cold-Formed Sections Of Steel in the Dominican Republic

In value terms, welded and cold-formed steel sections production expanded to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from the Dominican Republic

In 2022, overseas shipments of welded and cold-formed sections of steel decreased by -98.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections exports declined notably to $X in 2022. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for welded and cold-formed steel sections exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by the United States (X kg), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to -13.0%.

In value terms, France ($X) emerged as the key foreign market for welded and cold-formed sections of steel exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -7.9%.

Export Prices by Country

The average export price for welded and cold-formed sections of steel stood at $X per ton in 2022, surging by 47% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into the Dominican Republic

In 2022, welded and cold-formed steel sections imports into the Dominican Republic was estimated at X tons, growing by 5.4% against 2021 figures. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 3,098% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, welded and cold-formed steel sections imports rose slightly to $X in 2022. Over the period under review, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by 2,906%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Spain (X tons) and China (X kg) were the main suppliers of welded and cold-formed steel sections imports to the Dominican Republic, with a combined 99.9% 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 Spain (with a CAGR of +68.3%), while imports for the other leaders experienced a decline.

In value terms, the largest welded and cold-formed steel sections suppliers to the Dominican Republic were the United States ($X), Spain ($X) and China ($X).

Spain, with a CAGR of +79.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, which is down by -1.7% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 73%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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