Price for Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic - 2023

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic (CIF) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic (FOB) - 2022
3. Imports of Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic
4. Exports of Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic

Price for Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic (CIF) - 2022

The average import price for copper; refined and copper alloys, unwroughts stood at $18,610 per ton in 2022, dropping by -11.2% against the previous year. In general, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 72%. As a result, import price attained the peak level of $20,964 per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($108,338 per ton), while the price for Panama ($5,611 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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $25,000 per ton in 2022, approximately mirroring the previous year. In general, the export price saw a strong expansion. The growth pace was the most rapid in 2015 an increase of 221% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($29,118 per ton), while the average price for exports to China ($1,000 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 the Netherlands (+38.4%), while the prices for the other major destinations experienced a decline.

Imports of Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic

In 2022, supplies from abroad of copper; refined and copper alloys, unwroughts decreased by -11.3% to 8.7 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 5.6%. As a result, imports reached the peak of 12 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; refined and copper alloys, unwroughts fell sharply to $162K in 2022. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 47%.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to the Dominican Republic in 2022:

1. Australia (3.6 tons)
2. Spain (2.7 tons)
3. United States (0.9 tons)
4. Colombia (0.6 tons)
5. Mexico (0.2 tons)
6. Switzerland (0.2 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in the Dominican Republic

In 2022, approx. 20 kg of copper; refined and copper alloys, unwroughts were exported from the Dominican Republic; remaining stable against the previous year's figure. Overall, exports recorded a sharp reduction. The smallest decline of 99.9% was in 2021.

In value terms, exports of copper; refined and copper alloys, unwroughts totaled $500 in 2022. In general, exports faced a significant curtailment. The smallest decline of 99.9% was in 2021.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from the Dominican Republic in 2022:

1. Netherlands (17.0 kg)
2. United States (1.0 kg)
3. China (1.0 kg)
4. Bulgaria (1.0 kg)

Source: IndexBox Market Intelligence Platform