Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $30 per unit, with an increase of 28% against the previous year. In general, the import price recorded a prominent increase. The growth pace was the most rapid in 2015 when the average import price increased by 57%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($156 per unit), while the price for Mexico ($4.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $155 per unit, surging by 6.1% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $340 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($530 per unit), while the average price for exports to Turks and Caicos Islands ($3 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 the United States (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic
In 2022, imports of tools; for working in the hand, pneumatic, other than rotary type into the Dominican Republic shrank modestly to 67K units, reducing by -1.5% compared with the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of 68K units, and then shrank in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type skyrocketed to $2.1M in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 461 | 322 | 846 | 847 | 22.5% |
| China | 313 | 297 | 412 | 777 | 35.4% |
| Germany | 18.8 | 40.0 | 202 | 174 | 110.0% |
| Mexico | 46.7 | 31.6 | 40.6 | 23.7 | -20.2% |
| Canada | 0.1 | N/A | 14.4 | N/A | 1100.0% |
| Others | 161 | 152 | 112 | 230 | 12.6% |
| Total | 1,001 | 843 | 1,626 | 2,051 | 27.0% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to the Dominican Republic in 2022:
- China (46.0K units)
- United States (12.4K units)
- Mexico (4.9K units)
- Germany (1.1K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in overseas shipments of tools; for working in the hand, pneumatic, other than rotary type, which decreased by -76.5% to 27 units in 2022. In general, exports recorded a dramatic downturn. The smallest decline of -35.8% was in 2020. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type hit record highs at 1.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type dropped rapidly to $4.2K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -55.3% was in 2020. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type hit record highs at $461K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 451 | 168 | 1.8 | 2.1 | -83.3% |
| Haiti | 5.6 | 34.5 | 11.3 | 1.5 | -35.5% |
| Portugal | N/A | N/A | N/A | 0.4 | 0% |
| Italy | 0.9 | 0.7 | 0.7 | 0.2 | -39.4% |
| Turks and Caicos Islands | N/A | N/A | N/A | N/A | 0% |
| Others | 3.9 | 3.1 | 2.9 | N/A | -13.8% |
| Total | 461 | 206 | 16.8 | 4.2 | -79.1% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from the Dominican Republic in 2022:
- Haiti (20.0 units)
- United States (4.0 units)
- Turks and Caicos Islands (1.0 units)
- Italy (1.0 units)
- Portugal (1.0 units)
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