Dominican Republic: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in the Dominican Republic

In 2021, the Dominican zinc ores and concentrates market decreased by -92% to $X, falling for the sixth consecutive year after four years of growth. Overall, consumption saw a sharp slump. Zinc ores and concentrates consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Zinc Ores And Concentrates in the Dominican Republic

In value terms, zinc ores and concentrates production expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.5% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 41% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Zinc Ores And Concentrates

Exports from the Dominican Republic

For the tenth consecutive year, the Dominican Republic recorded growth in overseas shipments of zinc ores and concentrates, which increased by 66% to X tons in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 123%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, zinc ores and concentrates exports surged to $X in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 346% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons), Belgium (X tons) and Hong Kong SAR (X tons) were the main destinations of zinc ores and concentrates exports from the Dominican Republic, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +138.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Hong Kong SAR ($X) appeared to be the largest markets for zinc ores and concentrates exported from the Dominican Republic worldwide, with a combined 92% share of total exports.

China, with a CAGR of +94.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2021, falling by -9.2% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 100%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and Belgium ($X per ton), while the average price for exports to Belize ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.4%).

Imports of Zinc Ores And Concentrates

Imports into the Dominican Republic

In 2021, supplies from abroad of zinc ores and concentrates decreased by -63.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 360% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports declined remarkably to $X in 2021. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 738%. Imports peaked at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

In 2021, the United States (X tons) was the main zinc ores and concentrates supplier to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -18.7%.

In value terms, the United States ($X) constituted the largest supplier of zinc ores and concentrates to the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +6.0%.

Import Prices by Country

The average zinc ores and concentrates import price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the import price showed a significant expansion. The growth pace was the most rapid in 2019 an increase of 82% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +30.4% per year.

Source: IndexBox Platform

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