Dominican Republic: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the Dominican Republic

The Dominican iron and steel wire market fell to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption showed a mild increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Iron and steel wire consumption peaked at $X in 2019, and then reduced in the following year.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the Dominican Republic

In value terms, iron and steel wire production shrank to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from the Dominican Republic

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons, rising for the fourth consecutive year after eight years of decline. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, iron and steel wire exports skyrocketed to $X in 2020. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Haiti (X tons), the U.S. (X tons) and Panama (X tons) were the main destinations of iron and steel wire exports from the Dominican Republic, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti, while exports for the other leaders experienced a decline.

In value terms, Haiti ($X), the U.S. ($X) and Panama ($X) appeared to be the largest markets for iron and steel wire exported from the Dominican Republic worldwide, together accounting for X% of total exports.

Haiti recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price recorded a slight decline. The pace of growth was the most pronounced in 2019 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were the U.S. ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Panama ($X per ton) and Haiti ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into the Dominican Republic

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported into the Dominican Republic; dropping by -X% against the previous year. Overall, imports, however, posted temperate growth. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, iron and steel wire imports surged to $X in 2020. In general, total imports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

El Salvador (X tons), China (X tons) and the U.S. (X tons) were the main suppliers of iron and steel wire imports to the Dominican Republic, with a combined X% share of total imports. These countries were followed by Brazil, Turkey and Russia, which together accounted for a further X 2007 to 2020, the biggest increases were in Turkey, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to the Dominican Republic were the U.S. ($X), El Salvador ($X) and China ($X), with a combined X% share of total imports. Brazil, Turkey and Russia lagged somewhat behind, together accounting for a further X saw 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

The average iron and steel wire import price stood at $X per ton in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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