Price for Cycles; Parts Thereof, Saddles in the Dominican Republic - 2023

Contents:

1. Price for Cycles; Parts Thereof, Saddles in the Dominican Republic (CIF) - 2022
2. Price for Cycles; Parts Thereof, Saddles in the Dominican Republic (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in the Dominican Republic
4. Exports of Cycles; Parts Thereof, Saddles in the Dominican Republic

Price for Cycles; Parts Thereof, Saddles in the Dominican Republic (CIF) - 2022

The average cycles; parts thereof, saddles import price stood at $7.6 per unit in 2022, growing by 37% against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 102% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +34.8% per year.

Price for Cycles; Parts Thereof, Saddles in the Dominican Republic (FOB) - 2022

In 2022, the average cycles; parts thereof, saddles export price amounted to $48 per unit, increasing by 96% against the previous year. Over the period under review, the export price saw significant growth. The pace of growth appeared the most rapid in 2020 an increase of 114%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($40 per unit), while the average price for exports to Haiti ($19 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in the Dominican Republic

For the third year in a row, the Dominican Republic recorded decline in purchases abroad of cycles; parts thereof, saddleses, which decreased by -48.8% to 82K units in 2022. Overall, imports showed a sharp slump. The smallest decline of -29.3% was in 2021. Over the period under review, imports hit record highs at 559K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cycles; parts thereof, saddles imports shrank rapidly to $626K in 2022. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 6.3%. Imports peaked at $1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Cycles; Parts Thereof, Saddles to the Dominican Republic in 2022:

1. China (79.8K units)

Exports of Cycles; Parts Thereof, Saddles in the Dominican Republic

In 2022, the amount of cycles; parts thereof, saddleses exported from the Dominican Republic shrank rapidly to 312 units, with a decrease of -22.8% on the previous year. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,824%. As a result, the exports reached the peak of 404 units, and then shrank rapidly in the following year.

In value terms, cycles; parts thereof, saddles exports skyrocketed to $15K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,078% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cycles; Parts Thereof, Saddles from the Dominican Republic in 2022:

1. Cuba (244.0 units)
2. Haiti (37.0 units)
3. United States (30.0 units)

Source: IndexBox Market Intelligence Platform