Dominican Republic - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in the Dominican Republic - 2023
Contents:
- Tractor Price in the Dominican Republic (CIF) - 2022
- Tractor Price in the Dominican Republic (FOB) - 2022
- Tractor Imports in the Dominican Republic
- Tractor Exports in the Dominican Republic
Tractor Price in the Dominican Republic (CIF) - 2022
The average tractor import price stood at $126,892 per unit in 2022, increasing by 8.4% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Brazil ($318,293 per unit), while the price for Indonesia ($4,626 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in the Dominican Republic (FOB) - 2022
In 2022, the average tractor export price amounted to $4,729 per unit, dropping by -82% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 134% against the previous year. Over the period under review, the average export prices attained the maximum at $27,552 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($53,173 per unit), while the average price for exports to Colombia ($1,959 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 (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.
Tractor Imports in the Dominican Republic
After two years of decline, overseas purchases of tractors increased by 3.4% to 276 units in 2022. Overall, imports, however, recorded a deep slump. Imports peaked at 371 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, tractor imports rose sharply to $35M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Tractor in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 6.9 | 4.0 | 8.5 | 11.5 | 18.6% |
United States | 11.2 | 14.3 | 11.7 | 10.2 | -3.1% |
Mexico | 4.5 | 3.5 | 3.1 | 5.4 | 6.3% |
India | 0.9 | 0.7 | 2.1 | 2.4 | 38.7% |
China | 1.7 | 1.0 | 1.4 | 1.6 | -2.0% |
Japan | 1.5 | 1.0 | 1.9 | 1.1 | -9.8% |
Canada | 0.7 | 0.6 | 0.5 | 0.5 | -10.6% |
Indonesia | N/A | N/A | N/A | 0.1 | 0% |
Others | 1.5 | 1.8 | 1.9 | 2.2 | 13.6% |
Total | 28.9 | 26.8 | 31.3 | 35.0 | 6.6% |
Top Suppliers of Tractor to the Dominican Republic in 2022:
- United States (64.0 units)
- Brazil (36.0 units)
- Mexico (34.0 units)
- Japan (34.0 units)
- India (24.0 units)
- China (22.0 units)
- Indonesia (19.0 units)
- Canada (12.0 units)
Tractor Exports in the Dominican Republic
Tractor exports from the Dominican Republic skyrocketed to 35 units in 2022, jumping by 106% compared with the year before. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 467% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, tractor exports contracted rapidly to $166K in 2022. Overall, exports, however, continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 1,028% against the previous year. The exports peaked at $606K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Tractor in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 8.3 | 10.5 | 289 | 53.2 | 85.8% |
United States | 110 | 1.2 | 114 | 44.7 | -25.9% |
Ecuador | N/A | N/A | N/A | 24.0 | 0% |
Panama | N/A | N/A | N/A | 22.3 | 0% |
Colombia | N/A | N/A | N/A | 17.6 | 0% |
Guyana | N/A | N/A | N/A | 3.7 | 0% |
Kyrgyzstan | 80.2 | N/A | N/A | N/A | 0% |
Others | 407 | 28.0 | 44.5 | N/A | -66.9% |
Total | 606 | 39.7 | 448 | 166 | -35.1% |
Top Export Markets for Tractor from the Dominican Republic in 2022:
- Ecuador (12.0 units)
- Colombia (9.0 units)
- Panama (8.0 units)
- United States (4.0 units)
- Guyana (1.0 units)
- Haiti (1.0 units)
This report provides an in-depth analysis of the tractor 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 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
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
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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
This report provides an in-depth analysis of the tractor market in the Dominican Republic.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in the Dominican Republic.
This report provides an in-depth analysis of the crawler tractor market in the Dominican Republic.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in the Dominican Republic.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in the Dominican Republic.
This report provides an in-depth analysis of the global tractor market.
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
This report provides an in-depth analysis of the global crawler tractor market.
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.