Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,462 per ton, standing approx. at the previous year. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $5,119 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($99,000 per ton), while the price for South Korea ($2,623 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic (FOB) - 2022

In 2021, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $8,674 per ton, surging by 107% against the previous year. In general, the export price saw a resilient increase. The export price peaked at $9,192 per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($30,800 per ton), while the average price for exports to Haiti ($3,219 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 the United States (+7.9%).

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic

In 2022, imports of stainless steel; flat-rolled products of width less than 600mms into the Dominican Republic skyrocketed to 131 tons, growing by 21% on the previous year. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $455K in 2022. In general, imports, however, saw a pronounced descent.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to the Dominican Republic in 2022:

1. China (77.9 tons)
2. South Korea (15.6 tons)
3. India (10.6 tons)
4. United States (9.3 tons)
5. Nicaragua (7.5 tons)
6. Colombia (3.4 tons)
7. Spain (2.1 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the Dominican Republic

Exports of stainless steel; flat-rolled products of width less than 600mms from the Dominican Republic reduced markedly to 89 kg in 2021, waning by -96.2% against the previous year. Overall, exports faced a sharp downturn.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms contracted remarkably to $772 in 2021. In general, exports showed a precipitous shrinkage.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from the Dominican Republic in 2022:

1. Haiti (64.0 kg)
2. Belgium (15.0 kg)
3. United States (10.0 kg)

Source: IndexBox Market Intelligence Platform