Dominican Republic: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in the Dominican Republic

In 2021, the Dominican concrete reinforcing wire rod market decreased by -X% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, consumption saw a abrupt decrease. Concrete reinforcing wire rod consumption peaked at $X in 2020, and then reduced rapidly in the following year.

Production of Wire Rod Used For Concrete Reinforcing in the Dominican Republic

In value terms, concrete reinforcing wire rod production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from the Dominican Republic

In 2021, after three years of decline, there was significant growth in overseas shipments of wire rod used for concrete reinforcing, when their volume increased by X% to X tons. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, concrete reinforcing wire rod exports soared to $X in 2021. In general, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for concrete reinforcing wire rod exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, concrete reinforcing wire rod exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Saint Kitts and Nevis (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Saint Kitts and Nevis (+X% per year).

In value terms, Haiti ($X) remains the key foreign market for concrete reinforcing wire rod exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Saint Lucia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Saint Lucia (+X% per year).

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, waning by -X% against the previous year. Overall, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then dropped modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Haiti ($X per ton), while the average price for exports to Saint Kitts and Nevis ($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 (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into the Dominican Republic

After six years of growth, supplies from abroad of wire rod used for concrete reinforcing decreased by -X% to X tons in 2021. Overall, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, concrete reinforcing wire rod imports declined notably to $X in 2021. In general, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Ukraine (X tons) and Russia (X tons) were the main suppliers of concrete reinforcing wire rod imports to the Dominican Republic.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X value terms, the largest concrete reinforcing wire rod suppliers to the Dominican Republic were Ukraine ($X) and Russia ($X, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average concrete reinforcing wire rod import price stood at $X per ton in 2021, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Ukraine totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%).

Source: IndexBox Platform