Dominican Republic - Starter Motors And Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStarter Motor Price in the Dominican Republic - 2023
Contents:
- Starter Motor Price in the Dominican Republic (CIF) - 2023
- Starter Motor Price in the Dominican Republic (FOB) - 2022
- Starter Motor Imports in the Dominican Republic
- Starter Motor Exports in the Dominican Republic
Starter Motor Price in the Dominican Republic (CIF) - 2023
The average starter motor import price stood at $15.7 per unit in March 2023, reducing by -57.8% against the previous month. Overall, the import price saw a abrupt downturn. The growth pace was the most rapid in June 2022 when the average import price increased by 201% m-o-m. The import price peaked at $54.4 per unit in July 2022; however, from August 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($71.4 per unit), while the price for China ($9.4 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced a decline.
Starter Motor Price in the Dominican Republic (FOB) - 2022
In 2022, the average starter motor export price amounted to $48 per unit, with a decrease of -14.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs at $65 per unit in 2019; however, from 2020 to 2022, the 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 Italy ($97 per unit), while the average price for exports to Haiti ($28 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 South Africa (+196.2%), while the prices for the other major destinations experienced more modest paces of growth.
Starter Motor Imports in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas purchases of starter motors and dual purpose starter generators, when their volume decreased by -5% to 123K units. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46%. Imports peaked at 130K units in 2021, and then shrank in the following year.
In value terms, starter motor imports contracted to $5.1M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Over the period under review, imports hit record highs at $5.1M in 2021, and then declined slightly in the following year.
| Import of Starter Motor in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 2.6 | 1.6 | 2.1 | 7.3% |
| China | 0.8 | 1.6 | 2.1 | 1.8 | 31.0% |
| Japan | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.5 | 0.9 | 0.7 | 20.5% |
| Total | 3.2 | 5.1 | 5.1 | 5.1 | 16.8% |
Top Suppliers of Starter Motor to the Dominican Republic in 2022:
- China (91.2K units)
- United States (14.9K units)
- Japan (10.9K units)
- South Korea (2.2K units)
Starter Motor Exports in the Dominican Republic
In 2022, exports of starter motors and dual purpose starter generators from the Dominican Republic surged to 3.1K units, with an increase of 17% against 2021 figures. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 279% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, starter motor exports amounted to $145K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 222% against the previous year. As a result, the exports reached the peak of $145K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Starter Motor in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 19.5 | 77.8 | 69.7 | 179.3% |
| Haiti | 8.5 | 36.5 | 11.9 | 17.8 | 27.9% |
| Angola | 9.7 | 5.0 | 13.6 | 12.1 | 7.6% |
| Venezuela | 6.9 | 8.3 | 1.5 | 6.8 | -0.5% |
| Germany | N/A | 26.7 | N/A | 6.6 | -50.3% |
| Italy | 3.7 | 8.2 | 5.8 | 4.4 | 5.9% |
| Pakistan | N/A | 8.0 | N/A | N/A | 0% |
| Others | 13.2 | 33.3 | 34.5 | 27.8 | 28.2% |
| Total | 45.1 | 145 | 145 | 145 | 47.6% |
Top Export Markets for Starter Motor from the Dominican Republic in 2022:
- United States (1910.0 units)
- Haiti (643.0 units)
- Angola (155.0 units)
- Germany (142.0 units)
- Italy (45.0 units)
- Venezuela (34.0 units)
This report provides an in-depth analysis of the starter motor market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312230 - Starter motors and dual-purpose starter-generators
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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