Price for Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic
Price for Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $77,621 per ton in 2022, declining by -6% against the previous year. In general, the import price saw a perceptible decline. The growth pace was the most rapid in 2016 when the average import price increased by 43% against the previous year. The import price peaked at $113,216 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Germany ($149,176 per ton), while the price for Brazil ($35,265 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $37,058 per ton, jumping by 52% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 138%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($231,698 per ton), while the average price for exports to El Salvador ($2,857 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 Jamaica (+95.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic
In 2022, approx. 284 tons of machinery; parts of machinery of heading no. 8422 were imported into the Dominican Republic; surging by 46% against 2021 figures. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of machinery; parts of machinery of heading no. 8422 soared to $22M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +71.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.2 | 3.6 | 6.0 | 8.5 | 5.7% |
| Italy | 1.7 | 2.5 | 2.1 | 3.1 | 22.2% |
| Germany | 2.3 | 1.5 | 1.9 | 3.1 | 10.5% |
| China | 0.8 | 0.9 | 1.2 | 1.6 | 26.0% |
| Mexico | 0.8 | 1.0 | 1.3 | 1.1 | 11.2% |
| Spain | 0.9 | 0.9 | 0.5 | 0.6 | -12.6% |
| France | 0.9 | 0.3 | 0.2 | 0.5 | -17.8% |
| Brazil | 0.6 | 0.3 | 0.2 | 0.4 | -12.6% |
| Others | 1.6 | 1.9 | 2.6 | 3.2 | 26.0% |
| Total | 16.8 | 12.9 | 16.1 | 22.1 | 9.6% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to the Dominican Republic in 2022:
- United States (91.8 tons)
- Italy (59.5 tons)
- China (36.2 tons)
- Mexico (24.3 tons)
- Germany (20.6 tons)
- Brazil (11.6 tons)
- Spain (10.7 tons)
- France (1.6 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic
Exports of machinery; parts of machinery of heading no. 8422 from the Dominican Republic skyrocketed to 12 tons in 2022, surging by 58% compared with 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 138%. As a result, the exports attained the peak of 17 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machinery; parts of machinery of heading no. 8422 skyrocketed to $451K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 152% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turks and Caicos Islands | N/A | N/A | 1.6 | 201 | 12462.5% |
| Haiti | 98.2 | 162 | 55.0 | 88.0 | -3.6% |
| United States | 28.5 | 57.8 | 44.9 | 73.8 | 37.3% |
| Jamaica | N/A | N/A | 0.2 | 51.9 | 25850.0% |
| El Salvador | N/A | N/A | N/A | 20.0 | 0% |
| Colombia | N/A | N/A | 25.3 | N/A | 0% |
| Germany | 2.4 | 0.2 | 1.4 | N/A | -23.6% |
| Malaysia | N/A | 176 | N/A | N/A | 0% |
| France | 0.6 | N/A | 40.2 | N/A | 718.5% |
| Bahamas | 28.4 | N/A | N/A | N/A | 0% |
| Others | 6.9 | 21.2 | 19.5 | 16.3 | 33.2% |
| Total | 165 | 417 | 188 | 451 | 39.8% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from the Dominican Republic in 2022:
- El Salvador (7.0 tons)
- Haiti (2.5 tons)
- United States (1.2 tons)
- Turks and Caicos Islands (0.9 tons)
- Jamaica (0.4 tons)
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