Dominican Republic: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in the Dominican Republic

The Dominican free-cutting steel wire rod market contracted modestly to $X in 2022, declining by X% 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, recorded prominent growth. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Exports of Wire Rod Of Free-Cutting Steel

Exports from the Dominican Republic

In 2022, overseas shipments of wire rod of free-cutting steel increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, free-cutting steel wire rod exports stood at $X in 2022. Overall, exports, however, showed a sharp shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Haiti (X tons) and Suriname (X tons) were the main destinations of free-cutting steel wire rod exports from the Dominican Republic, with a combined X% share of total exports.

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

In value terms, the United States ($X), Haiti ($X) and Suriname ($X) constituted the largest markets for free-cutting steel wire rod exported from the Dominican Republic worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, 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 a decline.

Export Prices by Country

The average free-cutting steel wire rod export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell markedly in the following year.

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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (X%), while the prices for the other major destinations experienced a decline.

Imports of Wire Rod Of Free-Cutting Steel

Imports into the Dominican Republic

In 2022, approx. X tons of wire rod of free-cutting steel were imported into the Dominican Republic; waning by X% compared with 2021 figures. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, free-cutting steel wire rod imports contracted to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest free-cutting steel wire rod supplier to the Dominican Republic, with a X% share of total imports. Moreover, free-cutting steel wire rod imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of wire rod of free-cutting steel to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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