Dominican Republic - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in the Dominican Republic - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in the Dominican Republic (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in the Dominican Republic (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in the Dominican Republic
- Exports of Balancing Mechanical Parts Machine in the Dominican Republic
Price for Balancing Mechanical Parts Machine in the Dominican Republic (CIF) - 2022
In 2022, the average balancing mechanical parts machine import price amounted to $2,630 per unit, picking up by 18% against the previous year. In general, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2019 an increase of 128% against the previous year. As a result, import price attained the peak level of $4,474 per unit. From 2020 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 Germany ($17,770 per unit), while the price for China ($1,012 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balancing Mechanical Parts Machine in the Dominican Republic (FOB) - 2022
The average balancing mechanical parts machine export price stood at $3,105 per unit in 2022, falling by -87.7% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2018 when the average export price increased by 762%. As a result, the export price reached the peak level of $49,198 per unit. From 2019 to 2022, the average 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 the United States ($23,572 per unit), while the average price for exports to Mexico totaled $2,546 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+203.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balancing Mechanical Parts Machine in the Dominican Republic
In 2022, purchases abroad of machines for balancing mechanical parts decreased by -1.3% to 306 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +61.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of 310 units, and then contracted modestly in the following year.
In value terms, balancing mechanical parts machine imports skyrocketed to $805K in 2022. In general, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 99%. Over the period under review, imports reached the peak figure at $844K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Balancing Mechanical Parts Machine in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 234 | 193 | 505 | 457 | 25.0% |
Germany | 530 | 62.8 | 85.2 | 143 | -35.4% |
China | 52.5 | 86.4 | 95.8 | 130 | 35.3% |
Mexico | 1.5 | 4.9 | 1.5 | 41.8 | 203.2% |
Others | 25.0 | 0.8 | 5.7 | 34.0 | 10.8% |
Total | 844 | 348 | 693 | 805 | -1.6% |
Top Suppliers of Balancing Mechanical Parts Machine to the Dominican Republic in 2022:
- United States (133.0 units)
- China (129.0 units)
- Mexico (30.0 units)
- Germany (8.0 units)
Exports of Balancing Mechanical Parts Machine in the Dominican Republic
In 2022, overseas shipments of machines for balancing mechanical parts decreased by -26.7% to 11 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 400% against the previous year. As a result, the exports attained the peak of 15 units, and then dropped remarkably in the following year.
In value terms, balancing mechanical parts machine exports contracted markedly to $33K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 444%. Over the period under review, the exports attained the peak figure at $379K in 2021, and then reduced rapidly in the following year.
Export of Balancing Mechanical Parts Machine in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 0.2 | N/A | N/A | 26.3 | 408.5% |
United States | 14.7 | 81.2 | 320 | 6.6 | -23.4% |
Cuba | N/A | N/A | 46.5 | N/A | 0% |
Others | N/A | N/A | 12.0 | N/A | 0% |
Total | 14.9 | 81.2 | 379 | 32.9 | 30.2% |
Top Export Markets for Balancing Mechanical Parts Machine from the Dominican Republic in 2022:
- Mexico (10.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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