Dominican Republic - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Conveyor or Transmission Belt in the Dominican Republic - 2023
Contents:
- Price for Conveyor or Transmission Belt in the Dominican Republic (CIF) - 2022
- Price for Conveyor or Transmission Belt in the Dominican Republic (FOB) - 2022
- Imports of Conveyor or Transmission Belt in the Dominican Republic
- Exports of Conveyor or Transmission Belt in the Dominican Republic
Price for Conveyor or Transmission Belt in the Dominican Republic (CIF) - 2022
The average conveyor or transmission belt import price stood at $87,174 per ton in 2022, rising by 783% against the previous year. Overall, the import price posted a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Japan ($89,597 per ton), while the price for Turkey ($17,592 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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Conveyor or Transmission Belt in the Dominican Republic (FOB) - 2022
In 2022, the average conveyor or transmission belt export price amounted to $15,903 per ton, surging by 165% against the previous year. In general, the export price posted prominent growth. The export price peaked at $20,186 per ton in 2015; however, from 2016 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 El Salvador ($22,091 per ton), while the average price for exports to Brazil amounted to $14,612 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Conveyor or Transmission Belt in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas purchases of conveyor or transmission belts or belting, when their volume decreased by -89.7% to 141 tons. Over the period under review, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year.
In value terms, conveyor or transmission belt imports declined to $12M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +78.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 61%.
| Import of Conveyor or Transmission Belt in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.6 | 0.8 | 1.5 | 11.5 | 167.6% |
| Brazil | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| China | 1.4 | 2.3 | 4.4 | N/A | 77.3% |
| United States | 2.7 | 3.3 | 3.6 | N/A | 15.5% |
| Mexico | 0.9 | 2.7 | 1.4 | N/A | 24.7% |
| Others | 1.2 | 1.9 | 2.6 | 0.2 | -45.0% |
| Total | 6.9 | 11.1 | 13.4 | 12.2 | 20.9% |
Top Suppliers of Conveyor or Transmission Belt to the Dominican Republic in 2022:
- Japan (128.6 tons)
- Brazil (5.7 tons)
- Turkey (4.7 tons)
Exports of Conveyor or Transmission Belt in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of conveyor or transmission belts or belting, when their volume decreased by -77.8% to 8.9 tons. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 810% against the previous year. As a result, the exports reached the peak of 40 tons, and then shrank markedly in the following year.
In value terms, conveyor or transmission belt exports contracted rapidly to $142K in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 462% against the previous year. As a result, the exports reached the peak of $241K, and then dropped sharply in the following year.
| Export of Conveyor or Transmission Belt in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.2 | 0.6 | 1.1 | 108 | 714.3% |
| El Salvador | N/A | N/A | N/A | 34.0 | 0% |
| United States | 11.6 | 21.4 | 154 | N/A | 264.4% |
| Saudi Arabia | 27.5 | N/A | N/A | N/A | 0% |
| Jamaica | N/A | 16.1 | N/A | N/A | 0% |
| Others | 23.0 | 4.8 | 85.2 | N/A | 92.5% |
| Total | 62.4 | 42.8 | 241 | 142 | 31.5% |
Top Export Markets for Conveyor or Transmission Belt from the Dominican Republic in 2022:
- Brazil (7.4 tons)
- El Salvador (1.5 tons)
This report provides an in-depth analysis of the market for conveyor or transmission belt 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 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
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
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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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