Price for Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic
Price for Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $44,556 per ton in March 2023, approximately mirroring the previous month. Over the period under review, the import price, however, posted buoyant growth. The pace of growth was the most pronounced in July 2022 an increase of 414% against the previous month. Over the period under review, average import prices hit record highs at $45,129 per ton in February 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($55,069 per ton), while the price for Honduras ($8,651 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $16,193 per ton, surging by 242% against the previous year. In general, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 873%. The export price peaked at $75,265 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($254,000 per ton), while the average price for exports to Haiti ($2,195 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 Germany (+15.2%), while the prices for the other major destinations experienced a decline.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into the Dominican Republic soared to 133 tons, jumping by 200% compared with the previous year. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 475% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 surged to $1.3M in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 396% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 81.8 | 23.2 | 190 | 520 | 85.2% |
| China | 61.9 | 24.1 | 136 | 233 | 55.6% |
| Mexico | 19.2 | 1.7 | 33.9 | 127 | 87.7% |
| South Korea | 33.7 | 26.9 | 68.1 | 76.6 | 31.5% |
| United Kingdom | 37.2 | 8.9 | 65.2 | 64.9 | 20.4% |
| Others | 52.9 | 36.8 | 109 | 240 | 65.5% |
| Total | 287 | 122 | 603 | 1,262 | 63.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to the Dominican Republic in 2022:
- United States (75.5 tons)
- China (34.1 tons)
- Mexico (8.0 tons)
- United Kingdom (4.5 tons)
- South Korea (2.6 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from the Dominican Republic surged to 322 kg, rising by 747% against 2021 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,460%. As a result, the exports attained the peak of 356 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 surged to $5.2K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 4,833%. As a result, the exports attained the peak of $10K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 4.7 | 0% |
| Germany | 0.1 | 4.0 | 0.1 | 0.3 | 44.2% |
| Haiti | N/A | 0.6 | N/A | 0.2 | -42.3% |
| Canada | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Chile | N/A | 5.0 | N/A | N/A | 0% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 0.2 | 10.0 | 0.2 | 5.2 | 196.2% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from the Dominican Republic in 2022:
- Turkey (221.0 kg)
- Haiti (82.0 kg)
- Canada (16.0 kg)
- Germany (1.0 kg)
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