Report Update: May 1, 2024

Dominican Republic - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Ball Bearing Price in the Dominican Republic - 2023

Ball Bearing Price in the Dominican Republic (CIF) - 2023

In March 2023, the import price in the Dominican Republic amounted to $15,749 per ton, rising by 37% against the previous month. In general, the import price enjoyed a notable expansion. The most prominent rate of growth was recorded in October 2022 when the import price increased by 178% m-o-m. As a result, import price reached the peak level of $33,351 per ton. From November 2022 to March 2023, the import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($27,510 per ton), while China ($10,119 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.5%), while the other leaders experienced more modest paces of growth.

Ball Bearing Price in the Dominican Republic (FOB) - 2022

In 2022, the export price in the Dominican Republic amounted to $17,482 per ton, which is down by -25.7% against the previous year. Over the period under review, the export price, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2015 when the export price increased by 519%. As a result, the export price reached the peak level of $92,021 per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($201,523 per ton), while China ($6,818 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 (+23.6%), while the other leaders experienced more modest paces of growth.

Ball Bearing Imports in the Dominican Republic

In 2022, ball bearing imports into the Dominican Republic surged to 1.1K tons, rising by 21% against 2021. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. The Dominican Republic imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ball bearing imports soared to $17M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.7% 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 +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. The Dominican Republic imports peaked in 2022 and are likely to continue growth in the near future.

Import of Ball Bearing in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,837	1,453	1,903	1,966	2.3%
China	1,410	1,531	2,096	1,929	11.0%
United States	1,254	1,000	1,289	1,375	3.1%
India	435	343	533	619	12.5%
Mexico	518	433	583	595	4.7%
Italy	527	418	563	588	3.7%
Netherlands	445	432	519	518	5.2%
France	514	380	460	467	-3.1%
Japan	421	348	416	441	1.6%
Brazil	244	226	333	393	17.2%
South Korea	348	302	401	351	0.3%
Indonesia	246	178	237	256	1.3%
Russia	246	175	212	194	-7.6%
Others	-8,431.7	-7,208.3	-9,532.6	-9,673.8	4.7%
Total	13.7	9.9	13.2	16.6	6.6%

Top Suppliers of Ball Bearing to the Dominican Republic in 2022:

Germany (128.3K tons)
United States (99.4K tons)
India (85.5K tons)
China (73.1K tons)
Italy (45.0K tons)
Mexico (44.6K tons)
Netherlands (44.4K tons)
Brazil (42.5K tons)
Indonesia (35.6K tons)
France (32.4K tons)
Russia (24.9K tons)
South Korea (23.1K tons)
Japan (21.7K tons)

Ball Bearing Exports in the Dominican Republic

Ball bearing exports from the Dominican Republic shrank markedly to 9.8 tons in 2022, which is down by -53.2% compared with the previous year. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,098% against the previous year. As a result, the exports reached the peak of 21 tons, and then dropped sharply in the following year.

In value terms, ball bearing exports reduced dramatically to $171K in 2022. Over the period under review, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 393% against the previous year. As a result, the exports reached the peak of $491K, and then declined dramatically in the following year.

Export of Ball Bearing in the Dominican Republic (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.6	2.5	3.5	3.6	11.5%
Japan	1.8	1.5	2.0	1.9	1.8%
Germany	1.7	1.6	2.0	1.9	3.8%
Italy	0.9	0.7	0.9	0.9	0.0%
France	0.8	0.6	0.8	0.7	-4.4%
Netherlands	0.4	0.4	0.5	0.6	14.5%
Thailand	0.4	0.4	0.5	0.5	7.7%
South Korea	0.5	0.4	0.5	0.4	-7.2%
Poland	0.2	0.2	0.2	0.2	0.0%
Others	-9.3	-8.3	-10.8	-10.7	4.8%
Total	N/A	N/A	N/A	N/A	0%

Top Export Markets for Ball Bearing from the Dominican Republic in 2022:

China (534.7K tons)
Japan (106.6K tons)
Germany (70.7K tons)
Italy (61.0K tons)
South Korea (38.3K tons)
France (35.5K tons)
Netherlands (35.2K tons)
Poland (24.6K tons)
Thailand (19.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ball bearing market 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 28151030 - Ball bearings

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023