Dominican Republic - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSuspension System Price in the Dominican Republic - 2023
Contents:
- Suspension System Price in the Dominican Republic (CIF) - 2023
- Suspension System Price in the Dominican Republic (FOB) - 2022
- Suspension System Imports in the Dominican Republic
- Suspension System Exports in the Dominican Republic
Suspension System Price in the Dominican Republic (CIF) - 2023
The average suspension system import price stood at $7,831 per ton in March 2023, jumping by 35% against the previous month. Over the period under review, the import price continues to indicate modest growth. The growth pace was the most rapid in April 2022 an increase of 111% m-o-m. As a result, import price attained the peak level of $14,456 per ton. From May 2022 to March 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Mexico ($18,947 per ton), while the price for South Korea ($4,065 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.
Suspension System Price in the Dominican Republic (FOB) - 2022
The average suspension system export price stood at $38,437 per ton in 2022, growing by 35% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 266% against the previous year. As a result, the export price reached the peak level of $55,424 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($104,250 per ton), while the average price for exports to Cuba ($15,120 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 (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Suspension System Imports in the Dominican Republic
Suspension system imports into the Dominican Republic skyrocketed to 2.2K tons in 2022, with an increase of 117% against the previous year's figure. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, suspension system imports surged to $17M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Suspension System in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 2.8 | 4.5 | 8.3 | 40.4% |
| Japan | 1.6 | 1.4 | 1.7 | 3.0 | 23.3% |
| United States | 1.6 | 1.3 | 1.6 | 2.1 | 9.5% |
| Mexico | 0.5 | 0.4 | 0.7 | 0.8 | 17.0% |
| South Korea | 0.5 | 0.4 | 0.5 | 0.7 | 11.9% |
| Thailand | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Others | 1.1 | 0.8 | 1.1 | 1.8 | 17.8% |
| Total | 8.6 | 7.2 | 10.2 | 17.1 | 25.7% |
Top Suppliers of Suspension System to the Dominican Republic in 2022:
- China (1328.7 tons)
- Japan (375.5 tons)
- United States (240.1 tons)
- Thailand (56.3 tons)
- South Korea (49.6 tons)
- Mexico (43.8 tons)
Suspension System Exports in the Dominican Republic
In 2022, approx. 2.1 tons of suspension systems were exported from the Dominican Republic; dropping by -41.4% against the year before. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 139%.
In value terms, suspension system exports contracted notably to $80K in 2022. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 107%.
| Export of Suspension System in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 53.1 | 44.3 | 56.8 | 67.5 | 8.3% |
| Guyana | 1.1 | 0.8 | N/A | 5.0 | 65.7% |
| United States | 0.1 | 0.5 | 2.5 | 2.9 | 207.2% |
| Cuba | 58.5 | 1.8 | 38.2 | 2.0 | -67.5% |
| Panama | N/A | 0.6 | 1.2 | 1.3 | 47.2% |
| Others | 11.4 | 0.7 | 2.1 | 0.9 | -57.1% |
| Total | 124 | 48.8 | 101 | 79.6 | -13.7% |
Top Export Markets for Suspension System from the Dominican Republic in 2022:
- Haiti (1614.0 kg)
- Cuba (133.0 kg)
- United States (109.0 kg)
- Guyana (48.0 kg)
- Panama (39.0 kg)
This report provides an in-depth analysis of the suspension system 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 29323050 - Suspension systems and parts thereof (including shock absorbers)
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
-
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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