Dominican Republic: Aircraft Market 2022

Aircraft Market Size in the Dominican Republic

For the third year in a row, the Dominican aircraft market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption, however, saw a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Aircraft Production in the Dominican Republic

In value terms, aircraft production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Aircraft production peaked at $X in 2020, and then contracted in the following year.

Aircraft Exports

Exports from the Dominican Republic

In 2021, shipments abroad of airplanes and other aircraft decreased by X% to less than X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft exports rose significantly to $X in 2021. Overall, exports showed a dramatic shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) and Italy (X units) were the main destinations of aircraft exports from the Dominican Republic. Moreover, aircraft exports in Switzerland exceeded the figures recorded by the second-largest exporter, Italy, twofold.

From 2012 to 2018, the biggest increases were in Switzerland (with a CAGR of +X value terms, Italy ($X) and Switzerland ($X) appeared to be the largest markets for aircraft exported from the Dominican Republic worldwide.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average aircraft export price stood at $X per unit in 2018, declining by -X% against the previous year. In general, the export price recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2018, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2018, the country with the highest price was Italy ($X per unit), while the average price for exports to Switzerland amounted to $X per unit.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%).

Aircraft Imports

Imports into the Dominican Republic

In 2021, approx. X units of airplanes and other aircraft were imported into the Dominican Republic; picking up by X% against the previous year's figure. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, aircraft imports soared to $X in 2021. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) was the main aircraft supplier to the Dominican Republic, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%.

In value terms, the United States ($X) constituted the largest supplier of aircraft to the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +X%.

Import Prices by Country

The average aircraft import price stood at $X per unit in 2021, growing by X% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Source: IndexBox Platform