Dominican Republic: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in the Dominican Republic

The Dominican machine-tool for drilling market shrank sharply to $X in 2022, which is down 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, however, posted a moderate increase. Machine-tool for drilling consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from the Dominican Republic

Machine-tool for drilling exports from the Dominican Republic shrank markedly to X units in 2022, which is down by X% compared with 2021 figures. Over the period under review, exports showed a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports declined slightly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Canada (X units) and Turks and Caicos Islands (X units) were the main destinations of machine-tool for drilling exports from the Dominican Republic, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for machine-tool for drilling exported from the Dominican Republic were Turks and Caicos Islands ($X), Canada ($X) and the United States ($X), together accounting for X% of total exports.

Canada, 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 mixed trend patterns.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

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 Turks and Caicos Islands ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%).

Machine-Tool For Drilling Imports

Imports into the Dominican Republic

In 2022, the amount of machine-tools for drilling, boring or milling metal imported into the Dominican Republic declined notably to X units, shrinking by X% against 2021 figures. Over the period under review, imports, however, posted a notable increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports reduced rapidly to $X in 2022. Overall, imports, however, continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Spain (X units) were the main suppliers of machine-tool for drilling imports to the Dominican Republic, with a combined X% share of total imports. These countries were followed by South Korea, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Spain ($X) appeared to be the largest machine-tool for drilling suppliers to the Dominican Republic, with a combined X% share of total imports. South Korea lagged somewhat behind, accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of 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

The average machine-tool for drilling import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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