Price for Powders of Pig Iron in the Dominican Republic - 2023

Contents:

1. Price for Powders of Pig Iron in the Dominican Republic (CIF) - 2022
2. Price for Powders of Pig Iron in the Dominican Republic (FOB) - 2022
3. Imports of Powders of Pig Iron in the Dominican Republic
4. Exports of Powders of Pig Iron in the Dominican Republic

Price for Powders of Pig Iron in the Dominican Republic (CIF) - 2022

The average powders of pig iron import price stood at $8,124 per ton in 2022, waning by -7.5% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 75% against the previous year. As a result, import price reached the peak level of $10,267 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($13,836 per ton), while the price for Brazil ($1,499 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in the Dominican Republic (FOB) - 2022

The average powders of pig iron export price stood at $5,322 per ton in 2022, reducing by -8.8% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 54%. Over the period under review, the average export prices reached the peak figure at $12,752 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($6,583 per ton), while the average price for exports to the United States stood at $1,855 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-5.4%).

Imports of Powders of Pig Iron in the Dominican Republic

In 2022, approx. 73 tons of powders of pig ira were imported into the Dominican Republic; falling by -9.8% against 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% 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 +34.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of 80 tons, and then fell in the following year.

In value terms, powders of pig iron imports declined rapidly to $590K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of $707K, and then contracted markedly in the following year.

Top Suppliers of Powders of Pig Iron to the Dominican Republic in 2022:

1. Russia (18.9 tons)
2. United States (18.0 tons)
3. United Kingdom (17.8 tons)
4. India (7.5 tons)
5. Mexico (6.3 tons)
6. Brazil (3.8 tons)

Exports of Powders of Pig Iron in the Dominican Republic

In 2022, approx. 59 kg of powders of pig ira were exported from the Dominican Republic; dropping by -13.2% on the previous year. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports attained the peak of 68 kg, and then shrank in the following year.

In value terms, powders of pig iron exports dropped rapidly to $314 in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 73% against the previous year. As a result, the exports reached the peak of $397, and then shrank markedly in the following year.

Top Export Markets for Powders of Pig Iron from the Dominican Republic in 2022:

1. Russia (43.0 kg)
2. United States (16.0 kg)

Source: IndexBox Market Intelligence Platform