Dominican Republic - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Free-Cutting Steel Wire Rod in the Dominican Republic - 2023
Contents:
- Price for Free-Cutting Steel Wire Rod in the Dominican Republic (CIF) - 2023
- Price for Free-Cutting Steel Wire Rod in the Dominican Republic (FOB) - 2022
- Imports of Free-Cutting Steel Wire Rod in the Dominican Republic
- Exports of Free-Cutting Steel Wire Rod in the Dominican Republic
Price for Free-Cutting Steel Wire Rod in the Dominican Republic (CIF) - 2023
The average free-cutting steel wire rod import price stood at $744 per ton in March 2023, increasing by 8.6% against the previous month. Over the period under review, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in June 2022 an increase of 27% m-o-m. Over the period under review, average import prices hit record highs at $1,197 per ton in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2023, the country with the highest price was Brazil ($753 per ton), while the price for China totaled $683 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Free-Cutting Steel Wire Rod in the Dominican Republic (FOB) - 2022
The average free-cutting steel wire rod export price stood at $661 per ton in 2022, declining by -19.8% against the previous year. Over the period under review, the export price saw a mild slump. The pace of growth was the most pronounced in 2021 an increase of 56%. As a result, the export price attained the peak level of $824 per ton, and then declined rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Suriname ($866 per ton), while the average price for exports to Haiti ($574 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 (+2.7%), while the prices for the other major destinations experienced a decline.
Imports of Free-Cutting Steel Wire Rod in the Dominican Republic
In 2022, the amount of wire rod of free-cutting steel imported into the Dominican Republic fell to 97K tons, with a decrease of -12.7% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of 112K tons, and then fell in the following year.
In value terms, free-cutting steel wire rod imports contracted modestly to $86M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 162% against the previous year. As a result, imports reached the peak of $87M, and then contracted modestly in the following year.
Import of Free-Cutting Steel Wire Rod in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 4.5 | 7.2 | 9.2 | 40.0 | 107.1% |
Turkey | 10.4 | 3.6 | 11.1 | 19.7 | 23.7% |
China | 2.4 | 0.6 | 7.5 | 12.0 | 71.0% |
Mexico | 1.0 | 0.8 | 1.3 | 7.0 | 91.3% |
United States | 0.2 | 0.8 | 1.3 | 4.8 | 188.4% |
Russia | 1.8 | 2.6 | 11.5 | 2.1 | 5.3% |
Ukraine | N/A | N/A | 17.9 | N/A | 0% |
Argentina | 5.9 | 4.0 | 5.0 | N/A | -7.9% |
Trinidad and Tobago | 13.9 | 12.7 | 20.3 | N/A | 20.8% |
Others | 0.9 | 0.8 | 1.4 | N/A | 24.7% |
Total | 41.1 | 33.1 | 86.5 | 85.6 | 27.7% |
Top Suppliers of Free-Cutting Steel Wire Rod to the Dominican Republic in 2022:
- Brazil (43.5K tons)
- Turkey (21.1K tons)
- China (12.2K tons)
- Mexico (8.7K tons)
- United States (7.5K tons)
- Russia (4.4K tons)
Exports of Free-Cutting Steel Wire Rod in the Dominican Republic
In 2022, overseas shipments of wire rod of free-cutting steel were finally on the rise to reach 109 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp reduction.
In value terms, free-cutting steel wire rod exports reached $72K in 2022. In general, exports, however, recorded a dramatic downturn.
Export of Free-Cutting Steel Wire Rod in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 218 | 56.7 | 37.2 | 40.7 | -42.8% |
Haiti | 128 | 10.8 | 24.9 | 23.2 | -43.4% |
Suriname | 31.3 | 5.3 | 8.7 | 8.1 | -36.3% |
Others | 2.0 | 0.4 | 0.2 | 0.1 | -63.2% |
Total | 379 | 73.2 | 71.1 | 72.1 | -42.5% |
Top Export Markets for Free-Cutting Steel Wire Rod from the Dominican Republic in 2022:
- United States (59.1 tons)
- Haiti (40.4 tons)
- Suriname (9.4 tons)
This report provides an in-depth analysis of the market for free-cutting steel wire rod in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106120 - Wire rod of free-cutting steel
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for free-cutting steel wire rod in the Dominican Republic.
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in the Dominican Republic.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in the Dominican Republic.
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in the Dominican Republic.
This report provides an in-depth analysis of the market for concrete reinforcing wire rod in the Dominican Republic.
This report provides an in-depth analysis of the global market for free-cutting steel wire rod.
Global Tyre Cord Wire Rod Market Report 2018. This report provides an in-depth analysis of the global market for tyre cord wire rod.
Global Hot-Rolled Wire Rod Market Report 2018. This report provides an in-depth analysis of the global hot-rolled wire rod market.
This report provides an in-depth analysis of the global market for hot-rolled non-alloy steel wire rod.
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o