Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic (CIF) - 2022
In 2022, the average import price for electric motors and generators amounted to $186 per unit, reducing by -7.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 56%. The import price peaked at $270 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 the UK ($1,397 per unit), while the price for Mexico ($75 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+69.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic (FOB) - 2022
The average export price for electric motors and generators stood at $297 per unit in 2022, growing by 3% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $341 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($838 per unit), while the average price for exports to the United States ($146 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 Canada (+56.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in purchases abroad of electric motors and generators, which increased by 182% to 31K units in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors and generators surged to $5.7M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 320 | 670 | 836 | 3,700 | 126.1% |
| United States | 1,168 | 1,106 | 929 | 925 | -7.5% |
| Japan | 42.8 | 15.6 | 64.3 | 152 | 52.6% |
| Brazil | 11.4 | 486 | 59.0 | 138 | 129.6% |
| Mexico | 103 | 63.0 | 53.1 | 53.4 | -19.7% |
| Colombia | 2.5 | 65.8 | 35.0 | 7.5 | 44.2% |
| Others | 425 | 426 | 225 | 765 | 21.6% |
| Total | 2,074 | 2,831 | 2,201 | 5,740 | 40.4% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to the Dominican Republic in 2022:
- China (26.1K units)
- United States (1.1K units)
- Mexico (0.7K units)
- Japan (0.7K units)
- Brazil (0.3K units)
- Colombia (0.1K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic
In 2022, after two years of decline, there was significant growth in overseas shipments of electric motors and generators, when their volume increased by 203% to 615 units. In general, exports, however, continue to indicate a abrupt contraction. The exports peaked at 1.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators surged to $182K in 2022. Over the period under review, exports, however, showed a sharp downturn. The exports peaked at $359K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.6 | 66.8 | 23.0 | 82.3 | 74.1% |
| Haiti | 209 | 63.4 | 28.2 | 20.1 | -54.2% |
| Cuba | 19.6 | 0.2 | N/A | 8.4 | -24.6% |
| British Virgin Islands | 14.7 | N/A | N/A | N/A | 0% |
| Others | 100 | N/A | 7.3 | 71.6 | -10.5% |
| Total | 359 | 130 | 58.5 | 182 | -20.3% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from the Dominican Republic in 2022:
- United States (564.0 units)
- Haiti (29.0 units)
- Cuba (10.0 units)
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822
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
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