Speed Changer Price in the Dominican Republic - 2023
Contents:
- Speed Changer Price in the Dominican Republic (CIF) - 2022
- Speed Changer Price in the Dominican Republic (FOB) - 2022
- Speed Changer Imports in the Dominican Republic
- Speed Changer Exports in the Dominican Republic
Speed Changer Price in the Dominican Republic (CIF) - 2022
In 2022, the average speed changer import price amounted to $12,551 per ton, shrinking by -11.7% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $23,608 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 Italy ($31,712 per ton), while the price for China ($4,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Speed Changer Price in the Dominican Republic (FOB) - 2022
The average speed changer export price stood at $47,237 per ton in 2022, surging by 19% against the previous year. Overall, the export price saw a perceptible expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 188%. As a result, the export price reached the peak level of $80,764 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($431,750 per ton), while the average price for exports to Sweden ($27,231 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 the Czech Republic (+330.7%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in the Dominican Republic
In 2022, imports of speed changers, industrial high-speed drives and gear into the Dominican Republic contracted to 1.1K tons, with a decrease of -13.1% on 2021. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year.
In value terms, speed changer imports contracted dramatically to $14M in 2022. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports reached the peak of $18M, and then shrank significantly in the following year.
| Import of Speed Changer in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 3.7 | 8.1 | 6.5 | -1.0% |
| China | 2.7 | 1.3 | 2.1 | 2.3 | -5.2% |
| Brazil | 1.1 | 0.5 | 0.8 | 0.6 | -18.3% |
| Italy | 0.6 | 0.6 | 0.8 | 0.6 | 0.0% |
| Germany | 0.7 | 1.1 | 1.1 | 0.6 | -5.0% |
| Canada | 0.5 | 0.3 | 0.2 | 0.5 | 0.0% |
| Mexico | 0.4 | 0.4 | 1.7 | 0.4 | 0.0% |
| India | 0.2 | 0.1 | 0.4 | 0.4 | 26.0% |
| South Korea | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Japan | 0.6 | 0.2 | 0.4 | 0.1 | -45.0% |
| Spain | 0.6 | 0.3 | 0.2 | 0.1 | -45.0% |
| Others | 1.3 | 1.1 | 2.2 | 1.9 | 13.5% |
| Total | 15.7 | 9.9 | 18.4 | 14.1 | -3.5% |
Top Suppliers of Speed Changer to the Dominican Republic in 2022:
- China (542.8 tons)
- United States (314.6 tons)
- Brazil (42.1 tons)
- Mexico (31.3 tons)
- Canada (29.0 tons)
- Germany (23.0 tons)
- India (20.0 tons)
- Italy (18.5 tons)
- South Korea (12.2 tons)
- Japan (10.9 tons)
- Spain (3.3 tons)
Speed Changer Exports in the Dominican Republic
In 2022, exports of speed changers, industrial high-speed drives and gear from the Dominican Republic surged to 1.6 tons, growing by 25% against 2021 figures. In general, exports, however, continue to indicate a abrupt decline.
In value terms, speed changer exports skyrocketed to $76K in 2022. Overall, exports, however, showed a abrupt contraction.
| Export of Speed Changer in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.9 | 66.6 | 20.7 | 37.4 | 19.5% |
| Germany | 27.1 | 6.2 | 3.8 | 6.1 | -39.2% |
| Mexico | 1.5 | 6.2 | 6.3 | 5.5 | 54.2% |
| Netherlands | 2.6 | 0.6 | 0.8 | 2.7 | 1.3% |
| Czech Republic | N/A | N/A | N/A | 2.4 | 0% |
| Poland | 2.5 | 0.4 | 0.2 | 1.4 | -17.6% |
| Haiti | 3.8 | 0.2 | 1.3 | 1.4 | -28.3% |
| Jamaica | 0.5 | 1.1 | 1.3 | 1.2 | 33.9% |
| South Africa | N/A | N/A | N/A | 1.0 | 0% |
| Italy | 0.3 | 0.2 | 0.9 | 0.7 | 32.6% |
| Sweden | 4.3 | 0.8 | 0.8 | 0.7 | -45.4% |
| Denmark | N/A | 6.2 | 4.0 | N/A | -35.5% |
| Others | 58.3 | 11.7 | 10.8 | 15.1 | -36.3% |
| Total | 123 | 100 | 50.9 | 75.6 | -15.0% |
Top Export Markets for Speed Changer from the Dominican Republic in 2022:
- United States (1205.0 kg)
- Haiti (49.0 kg)
- Jamaica (33.0 kg)
- Mexico (29.0 kg)
- South Africa (28.0 kg)
- Italy (27.0 kg)
- Czech Republic (27.0 kg)
- Sweden (26.0 kg)
- Netherlands (25.0 kg)
- Poland (20.0 kg)
- Germany (8.0 kg)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
