Dominican Republic - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in the Dominican Republic - 2023
Contents:
- Truck Price in the Dominican Republic (CIF) - 2022
- Truck Price in the Dominican Republic (FOB) - 2022
- Truck Imports in the Dominican Republic
- Truck Exports in the Dominican Republic
Truck Price in the Dominican Republic (CIF) - 2022
The average truck import price stood at $33,452 per unit in 2022, with an increase of 7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23%. As a result, import price attained the peak level of $36,785 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
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 Japan ($43,261 per unit), while the price for Thailand ($26,404 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in the Dominican Republic (FOB) - 2022
The average truck export price stood at $52,559 per unit in 2022, dropping by -19.6% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 413% against the previous year. The export price peaked at $134,326 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
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 Haiti ($93,232 per unit), while the average price for exports to Colombia ($2,343 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 Haiti (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in the Dominican Republic
In 2022, the amount of trucks imported into the Dominican Republic soared to 13K units, growing by 37% compared with the previous year's figure. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, truck imports surged to $440M in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Truck in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.8 | 50.9 | 64.1 | 81.5 | 23.9% |
| Japan | 44.7 | 25.6 | 58.9 | 79.9 | 21.4% |
| Argentina | 46.0 | 24.8 | 42.2 | 73.7 | 17.0% |
| China | 9.6 | 11.2 | 20.7 | 61.2 | 85.4% |
| Thailand | 31.7 | 27.9 | 9.8 | 34.1 | 2.5% |
| South Korea | 17.7 | 12.8 | 22.7 | 29.9 | 19.1% |
| Mexico | 39.6 | 19.7 | 42.8 | 28.9 | -10.0% |
| Brazil | 4.5 | 6.0 | 22.2 | 28.0 | 83.9% |
| Others | 17.0 | 12.4 | 17.7 | 23.1 | 10.8% |
| Total | 254 | 191 | 301 | 440 | 20.1% |
Top Suppliers of Truck to the Dominican Republic in 2022:
- United States (3.0K units)
- Argentina (2.3K units)
- Japan (1.8K units)
- China (1.5K units)
- Thailand (1.3K units)
- Mexico (0.9K units)
- South Korea (0.9K units)
- Brazil (0.7K units)
Truck Exports in the Dominican Republic
In 2022, overseas shipments of trucks were finally on the rise to reach 26 units after two years of decline. Over the period under review, exports, however, faced a sharp decrease. Over the period under review, the exports hit record highs at 129 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, truck exports soared to $1.4M in 2022. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $1.4M in 2019; afterwards, it flattened through to 2022.
| Export of Truck in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 1,108 | 1,006 | 342 | 932 | -5.6% |
| Turks and Caicos Islands | N/A | 5.0 | N/A | 194 | 522.9% |
| United States | 9.3 | 132 | 115 | 181 | 169.0% |
| Spain | N/A | N/A | 22.1 | 42.0 | 90.0% |
| Colombia | N/A | N/A | N/A | 7.0 | 0% |
| Others | 266 | 107 | 567 | 10.0 | -66.5% |
| Total | 1,383 | 1,249 | 1,046 | 1,367 | -0.4% |
Top Export Markets for Truck from the Dominican Republic in 2022:
- Haiti (10.0 units)
- United States (9.0 units)
- Turks and Caicos Islands (3.0 units)
- Colombia (3.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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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