Cranes; Tower Cranes Price in the Dominican Republic - 2023

Contents:

  1. Cranes; Tower Cranes Price in the Dominican Republic (CIF) - 2022
  2. Cranes; Tower Cranes Price in the Dominican Republic (FOB) - 2022
  3. Cranes; Tower Cranes Imports in the Dominican Republic
  4. Cranes; Tower Cranes Exports in the Dominican Republic

Cranes; Tower Cranes Price in the Dominican Republic (CIF) - 2022

The average cranes; tower cranes import price stood at $30,222 per unit in 2022, declining by -22.8% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 86% against the previous year. The import price peaked at $82,840 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Mexico ($117,135 per unit), while the price for Canada ($4,240 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Cranes; Tower Cranes Price in the Dominican Republic (FOB) - 2022

The average cranes; tower cranes export price stood at $15,625 per unit in 2022, reducing by -16% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $73,903 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($27,563 per unit), while the average price for exports to the United States stood at $6,343 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+6,676.9%), while the prices for the other major destinations experienced a decline.

Cranes; Tower Cranes Imports in the Dominican Republic

Cranes; tower cranes imports into the Dominican Republic dropped significantly to 52 units in 2022, which is down by -28.8% against the previous year's figure. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,725% against the previous year. As a result, imports reached the peak of 73 units, and then plummeted in the following year.

In value terms, cranes; tower cranes imports shrank significantly to $1.6M in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 867% against the previous year. As a result, imports attained the peak of $2.9M, and then declined markedly in the following year.

Import of Cranes; Tower Cranes in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico1,4282161,072995-11.3%
Germany12131.92011568.8%
Canada0.90.1190147446.6%
China10.91.4166129127.9%
United States5944.29.186.7-47.3%
Spain10612.446.739.5-28.0%
Italy19.22.210.58.2-24.7%
Brazil5.20.73.42.9-17.7%
Others57.226.61,16313.1-38.8%
Total2,3432962,8601,578-12.3%

Top Suppliers of Cranes; Tower Cranes to the Dominican Republic in 2022:

  1. Canada (35.0 units)
  2. Mexico (8.0 units)
  3. Germany (3.0 units)
  4. United States (2.0 units)
  5. China (2.0 units)
  6. Brazil (1.0 units)
  7. Italy (1.0 units)
  8. Spain (1.0 units)

Cranes; Tower Cranes Exports in the Dominican Republic

In 2022, after two years of decline, there was decline in overseas shipments of cranes; tower craneses, when their volume decreased by 0% to 1 units. In general, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cranes; tower cranes exports fell notably to $9.6K in 2022. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. The exports peaked at $40K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Cranes; Tower Cranes in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Haiti35.35.37.67.4-40.6%
United States4.31.25.22.2-20.0%
Others0.1N/AN/AN/A0%
Total39.76.512.89.6-37.7%

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    Source: IndexBox Market Intelligence Platform

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