Dominican Republic - Base Metal Motor Vehicle Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Vehicle Lock Price in the Dominican Republic - 2023
Contents:
- Metal Vehicle Lock Price in the Dominican Republic (CIF) - 2022
- Metal Vehicle Lock Price in the Dominican Republic (FOB) - 2022
- Metal Vehicle Lock Imports in the Dominican Republic
- Metal Vehicle Lock Exports in the Dominican Republic
Metal Vehicle Lock Price in the Dominican Republic (CIF) - 2022
The average metal vehicle lock import price stood at $12,576 per ton in 2022, falling by -25.6% against the previous year. In general, the import price saw a perceptible downturn. The growth pace was the most rapid in 2020 an increase of 16%. The import price peaked at $22,446 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($83,193 per ton), while the price for South Korea ($6,595 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 (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Vehicle Lock Price in the Dominican Republic (FOB) - 2022
In 2022, the average metal vehicle lock export price amounted to $21,825 per ton, surging by 4.4% against the previous year. In general, the export price showed a mild increase. The pace of growth appeared the most rapid in 2018 an increase of 36%. The export price peaked at $30,270 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($33,467 per ton), while the average price for exports to Jamaica ($2,081 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+16.4%), while the prices for the other major destinations experienced a decline.
Metal Vehicle Lock Imports in the Dominican Republic
In 2022, the amount of base metal motor vehicle locks imported into the Dominican Republic skyrocketed to 48 tons, growing by 44% against 2021. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, metal vehicle lock imports expanded remarkably to $598K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 85%. As a result, imports reached the peak of $637K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Metal Vehicle Lock in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.2 | 175 | 246 | 252 | 49.6% |
| South Korea | 54.3 | 141 | 33.6 | 79.4 | 13.5% |
| United States | 93.8 | 150 | 74.4 | 75.2 | -7.1% |
| Japan | 41.7 | 48.1 | 42.5 | 50.3 | 6.4% |
| Mexico | 17.2 | 20.8 | 19.8 | 23.2 | 10.5% |
| Germany | 15.4 | 13.3 | 15.7 | 17.2 | 3.8% |
| Others | 45.6 | 88.9 | 127 | 101 | 30.4% |
| Total | 343 | 637 | 559 | 598 | 20.4% |
Top Suppliers of Metal Vehicle Lock to the Dominican Republic in 2022:
- China (29.3 tons)
- South Korea (12.0 tons)
- Japan (1.0 tons)
- United States (0.9 tons)
- Germany (0.9 tons)
- Mexico (0.8 tons)
Metal Vehicle Lock Exports in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of base metal motor vehicle locks, when their volume decreased by -31.9% to 92 kg. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 170%. As a result, the exports attained the peak of 135 kg, and then reduced rapidly in the following year.
In value terms, metal vehicle lock exports declined significantly to $2K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 138% against the previous year. As a result, the exports attained the peak of $2.8K, and then plummeted in the following year.
| Export of Metal Vehicle Lock in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 278 | 626 | 2,317 | 1,313 | 67.8% |
| Haiti | 401 | 388 | 77.0 | 378 | -1.9% |
| United States | 27.0 | 8.0 | 143 | 123 | 65.8% |
| Jamaica | 48.0 | 71.0 | 137 | 65.0 | 10.6% |
| Curacao | 8.0 | 8.0 | 2.0 | 12.0 | 14.5% |
| Others | 85.0 | 88.0 | 150 | 117 | 11.2% |
| Total | 847 | 1,189 | 2,826 | 2,008 | 33.3% |
Top Export Markets for Metal Vehicle Lock from the Dominican Republic in 2022:
- Panama (39.0 kg)
- Jamaica (31.0 kg)
- Haiti (14.0 kg)
- United States (4.0 kg)
- Curacao (2.0 kg)
This report provides an in-depth analysis of the metal vehicle lock 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 25721150 - Base metal motor vehicle locks
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.
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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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