Dominican Republic: Lawn Mower Market 2024

Lawn Mower Market Size in the Dominican Republic

The Dominican lawn mower market expanded sharply to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lawn Mower Exports

Exports from the Dominican Republic

In 2022, shipments abroad of mowers for lawns, parks, golf courses or sports grounds increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, lawn mower exports soared to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for lawn mower exports from the Dominican Republic, with a X% share of total exports. Moreover, lawn mower exports to Ecuador exceeded the volume sent to the second major destination, Colombia (X units), twofold. The third position in this ranking was taken by Sri Lanka (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Sri Lanka (X% per year).

In value terms, Ecuador ($X), Sri Lanka ($X) and Colombia ($X) constituted the largest markets for lawn mower exported from the Dominican Republic worldwide, together comprising X% of total exports.

Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X 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 Sri Lanka ($X per unit), while the average price for exports to Haiti ($X 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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into the Dominican Republic

In 2022, lawn mower imports into the Dominican Republic totaled X units, increasing by X% compared with 2021 figures. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, lawn mower imports skyrocketed to $X in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of lawn mower to the Dominican Republic, accounting for a X% share of total imports. Moreover, lawn mower imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, the largest lawn mower suppliers to the Dominican Republic were China ($X), the United States ($X) and Mexico ($X), with a combined X% share of total imports. Japan, Brazil and Spain lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lawn mower import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :