Dominican Republic - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in the Dominican Republic - 2023
Contents:
- Gear Box Price in the Dominican Republic (CIF) - 2022
- Gear Box Price in the Dominican Republic (FOB) - 2022
- Gear Box Imports in the Dominican Republic
- Gear Box Exports in the Dominican Republic
Gear Box Price in the Dominican Republic (CIF) - 2022
In 2022, the average gear box import price amounted to $35 per unit, rising by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 70%. The import price peaked at $38 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($55 per unit), while the price for Colombia ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Gear Box Price in the Dominican Republic (FOB) - 2022
In 2022, the average gear box export price amounted to $3.4 per unit, shrinking by -87.3% against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 151% against the previous year. Over the period under review, the average export prices reached the peak figure at $33 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($35 per unit), while the average price for exports to Colombia ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in the Dominican Republic
Gear box imports into the Dominican Republic rose rapidly to 115K units in 2022, increasing by 7.7% against the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +70.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, gear box imports skyrocketed to $4M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +55.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Gear Box in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 934 | 1,015 | 1,333 | 1,144 | 7.0% |
| Mexico | 609 | 388 | 251 | 747 | 7.0% |
| Japan | 362 | 278 | 455 | 671 | 22.8% |
| China | 397 | 306 | 437 | 521 | 9.5% |
| Canada | 157 | 179 | 252 | 254 | 17.4% |
| South Korea | 159 | 118 | 120 | 191 | 6.3% |
| Colombia | 4.8 | 22.9 | 27.5 | 52.6 | 122.1% |
| Others | 386 | 284 | 478 | 451 | 5.3% |
| Total | 3,009 | 2,591 | 3,353 | 4,030 | 10.2% |
Top Suppliers of Gear Box to the Dominican Republic in 2022:
- United States (43.5K units)
- China (18.1K units)
- Japan (17.4K units)
- Mexico (13.7K units)
- South Korea (5.4K units)
- Canada (5.0K units)
- Colombia (2.3K units)
Gear Box Exports in the Dominican Republic
In 2022, after two years of decline, there was significant growth in shipments abroad of gear boxes, when their volume increased by 235% to 11K units. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, gear box exports fell significantly to $38K in 2022. In general, exports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 14%. The exports peaked at $110K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Gear Box in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | N/A | N/A | 13.9 | 0% |
| United States | 32.2 | 17.1 | 81.6 | 2.6 | -56.8% |
| Turks and Caicos Islands | 2.9 | 2.4 | 0.1 | 2.5 | -4.8% |
| Cuba | 3.0 | 25.0 | 1.3 | 1.9 | -14.1% |
| Guyana | 15.1 | 23.8 | N/A | 0.3 | -72.9% |
| Netherlands | 25.4 | N/A | N/A | 0.2 | -80.1% |
| Curacao | 20.3 | N/A | N/A | 0.1 | -83.0% |
| Portugal | N/A | 6.0 | N/A | N/A | 0% |
| Others | 10.9 | 3.5 | 6.0 | 16.3 | 14.4% |
| Total | 110 | 77.9 | 89.1 | 37.8 | -30.0% |
Top Export Markets for Gear Box from the Dominican Republic in 2022:
- Netherlands (undefinedK units)
- Curacao (undefinedK units)
- Guyana (undefinedK units)
- Colombia (10.2K units)
- Turks and Caicos Islands (0.3K units)
- Cuba (0.1K units)
- United States (0.1K units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their 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.
-
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
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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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