Price for Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic
Price for Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $28,458 per ton in 2022, shrinking by -36.6% against the previous year. Overall, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2019 an increase of 51%. The import price peaked at $44,852 per ton in 2021, and then shrank markedly in the following year.
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 United States ($54,330 per ton), while the price for South Africa ($416 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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $1,193 per ton in 2022, which is down by -97.5% against the previous year. Over the period under review, the export price continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 613% against the previous year. Over the period under review, the average export prices attained the peak figure at $81,870 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($59,304 per ton), while the average price for exports to India ($661 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 Cuba (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic
Imports of machinery; parts of the machinery of heading no. 8427 into the Dominican Republic surged to 129 tons in 2022, rising by 105% compared with the previous year's figure. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $3.7M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 931 | 2,011 | 2,251 | 1,797 | 24.5% |
| Spain | 4.3 | 39.9 | 22.1 | 1,149 | 544.1% |
| China | 216 | 172 | 144 | 487 | 31.1% |
| United Kingdom | 17.2 | 53.8 | 134 | 99.8 | 79.7% |
| Japan | 32.4 | 20.4 | 27.4 | 49.4 | 15.1% |
| South Africa | N/A | N/A | 6.6 | 3.6 | -45.5% |
| Others | 341 | 137 | 237 | 84.8 | -37.1% |
| Total | 1,541 | 2,434 | 2,822 | 3,670 | 33.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to the Dominican Republic in 2022:
- Spain (67.6 tons)
- United States (33.1 tons)
- China (12.6 tons)
- South Africa (8.7 tons)
- United Kingdom (2.7 tons)
- Japan (1.0 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from the Dominican Republic soared to 35 tons, increasing by 95,705% compared with 2021 figures. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 surged to $42K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,750% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 22.6 | 0% |
| Guatemala | N/A | N/A | N/A | 1.4 | 0% |
| Others | N/A | 0.2 | 1.8 | 18.3 | 856.6% |
| Total | N/A | 0.2 | 1.8 | 42.3 | 1354.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from the Dominican Republic in 2022:
- India (34.2 tons)
- Guatemala (0.7 tons)
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