Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic - 2023

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic (CIF) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic (FOB) - 2022
3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic
4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic (CIF) - 2022

In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $254 per unit, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $2,067 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,181 per unit), while the price for China ($120 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+19.3%), while the prices for the other major suppliers experienced a decline.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic (FOB) - 2022

In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $161 per unit, with an increase of 40% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 3,078%. As a result, the export price attained the peak level of $11,494 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

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 Dominica ($529 per unit), while the average price for exports to the United States ($14 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 Mexico (+437.4%), while the prices for the other major destinations experienced a decline.

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in supplies from abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs, which increased by 36% to 3.6K units in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 71%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs skyrocketed to $914K in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to the Dominican Republic in 2022:

1. China (2959.0 units)
2. Mexico (281.0 units)
3. United States (204.0 units)
4. Italy (84.0 units)
5. Brazil (41.0 units)
6. Germany (5.0 units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in the Dominican Republic

In 2022, overseas shipments of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by 0% to 6 units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 327%. As a result, the exports attained the peak of 47 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs skyrocketed to $965 in 2022. In general, exports showed a sharp slump. Over the period under review, the exports of reached the peak figure at $5.3K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from the Dominican Republic in 2022:

1. Haiti (4.0 units)
2. United States (1.0 units)
3. Dominica (1.0 units)

Source: IndexBox Market Intelligence Platform