Dominican Republic - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLifting Equipment Price in the Dominican Republic - 2023
Contents:
- Lifting Equipment Price in the Dominican Republic (CIF) - 2022
- Lifting Equipment Price in the Dominican Republic (FOB) - 2022
- Lifting Equipment Imports in the Dominican Republic
- Lifting Equipment Exports in the Dominican Republic
Lifting Equipment Price in the Dominican Republic (CIF) - 2022
The average lifting equipment import price stood at $17,655 per unit in 2022, growing by 1.7% against the previous year. In general, the import price recorded a modest increase. The growth pace was the most rapid in 2015 when the average import price increased by 173%. The import price peaked at $25,613 per unit in 2016; however, from 2017 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 the UK ($290,326 per unit), while the price for China ($284 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+162.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Lifting Equipment Price in the Dominican Republic (FOB) - 2022
In 2021, the average lifting equipment export price amounted to $26,516 per unit, surging by 33% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 92% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Antigua and Barbuda ($50,000 per unit), while the average price for exports to Haiti amounted to $1,700 per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+113.4%).
Lifting Equipment Imports in the Dominican Republic
In 2022, lifting equipment imports into the Dominican Republic declined markedly to 26 units, with a decrease of -39.5% on 2021. Over the period under review, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 330%. Over the period under review, imports hit record highs at 123 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lifting equipment imports shrank remarkably to $459K in 2022. In general, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 334%. Over the period under review, imports attained the peak figure at $1.6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Lifting Equipment in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 320 | 38.6 | 178 | 127 | -26.5% |
| United States | 517 | 49.6 | 179 | 36.4 | -58.7% |
| Brazil | 117 | 11.9 | 43.5 | 31.0 | -35.8% |
| Netherlands | 2.5 | 0.5 | 4.5 | 11.6 | 66.8% |
| Mexico | 25.1 | 1.8 | 10.4 | 6.7 | -35.6% |
| China | 4.8 | 0.3 | 4.4 | 2.9 | -15.5% |
| Spain | 19.9 | 0.1 | 1.0 | 2.2 | -52.0% |
| Canada | 7.8 | 0.1 | 3.4 | 0.5 | -60.0% |
| Others | 581 | 69.0 | 323 | 241 | -25.4% |
| Total | 1,594 | 172 | 746 | 459 | -34.0% |
Top Suppliers of Lifting Equipment to the Dominican Republic in 2022:
- China (10.0 units)
- Mexico (4.0 units)
- United States (4.0 units)
- Brazil (2.0 units)
- Malaysia (2.0 units)
- Spain (2.0 units)
- Canada (1.0 units)
- Netherlands (1.0 units)
Lifting Equipment Exports in the Dominican Republic
In 2022, exports of lifting equipment from the Dominican Republic surged to 4 units, picking up by 100% on 2021. Overall, exports saw a remarkable increase. The exports peaked at 5 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, lifting equipment exports soared to $77K in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 132% against the previous year. As a result, the exports attained the peak of $100K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Lifting Equipment in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Antigua and Barbuda | N/A | N/A | 50.0 | 0% | |
| Haiti | N/A | N/A | 1.7 | 0% | |
| United States | 37.5 | 16.3 | 1.3 | -81.4% | |
| Colombia | N/A | 83.7 | N/A | 0% | |
| Jamaica | 5.7 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 43.2 | 100 | 53.0 | 10.8% | |
Top Export Markets for Lifting Equipment from the Dominican Republic in 2022:
- Haiti (1.0 units)
- Antigua and Barbuda (1.0 units)
This report provides an in-depth analysis of the lifting equipment 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 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
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
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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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