Report Update: May 8, 2024

Dominican Republic - Hydraulic Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Hydraulic Jack Price in the Dominican Republic - 2023

Hydraulic Jack Price in the Dominican Republic (CIF) - 2022

In 2022, the average hydraulic jack import price amounted to $38 per unit, dropping by -12% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 11%. Over the period under review, average import prices hit record highs at $160 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($109 per unit), while the price for Japan ($4.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.4%), while the prices for the other major suppliers experienced a decline.

Hydraulic Jack Price in the Dominican Republic (FOB) - 2022

The average hydraulic jack export price stood at $236 per unit in 2022, reducing by -31% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth was the most pronounced in 2016 an increase of 512% against the previous year. As a result, the export price attained the peak level of $1,036 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($2,452 per unit), while the average price for exports to Cuba ($120 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 Cuba (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports in the Dominican Republic

Hydraulic jack imports into the Dominican Republic totaled 37K units in 2022, remaining constant against 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 129%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, hydraulic jack imports reduced to $1.4M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of $1.6M, and then reduced in the following year.

Import of Hydraulic Jack in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	510	453	764	757	14.1%
United States	124	146	394	272	29.9%
Mexico	130	92.2	164	173	10.0%
Japan	52.2	42.3	48.5	77.6	14.1%
South Korea	2.8	3.8	12.8	8.6	45.4%
Others	152	147	210	133	-4.4%
Total	971	885	1,594	1,421	13.5%

Top Suppliers of Hydraulic Jack to the Dominican Republic in 2022:

Japan (15.8K units)
China (14.2K units)
Mexico (3.0K units)
United States (2.5K units)
South Korea (0.8K units)

Hydraulic Jack Exports in the Dominican Republic

In 2022, the amount of hydraulic jacks and hoists for raising vehicles exported from the Dominican Republic skyrocketed to 246 units, rising by 45% on 2021 figures. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic jack exports fell to $58K in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 47%. As a result, the exports reached the peak of $83K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Hydraulic Jack in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	27.5	55.1	28.9	32.1	5.3%
Sweden	N/A	N/A	N/A	9.8	0%
Spain	0.6	N/A	N/A	5.5	109.3%
Turks and Caicos Islands	N/A	N/A	0.1	4.2	4100.0%
United States	20.8	15.3	0.1	3.8	-43.3%
Cuba	N/A	0.3	0.1	1.0	82.6%
Haiti	0.5	0.2	5.7	0.5	0.0%
Honduras	6.1	6.1	N/A	N/A	0.0%
Others	1.2	6.1	23.2	1.4	5.3%
Total	56.7	83.1	58.2	58.1	0.8%

Top Export Markets for Hydraulic Jack from the Dominican Republic in 2022:

France (120.0 units)
Spain (42.0 units)
United States (20.0 units)
Turks and Caicos Islands (9.0 units)
Cuba (8.0 units)
Sweden (4.0 units)
Haiti (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hydraulic jack 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 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

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