Dominican Republic: Grinding Machine Market 2024

Grinding Machine Market Size in the Dominican Republic

The Dominican grinding machine market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Grinding Machine Production in the Dominican Republic

In value terms, grinding machine production fell to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Grinding Machine Exports

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded decline in overseas shipments of machines having individual functions, for mixing, kneading, crushing or grinding, which decreased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, grinding machine exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X units), the United States (X units) and Turks and Caicos Islands (X units) were the main destinations of grinding machine exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turks and Caicos Islands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding machine exported from the Dominican Republic were Costa Rica ($X), the United States ($X) and China ($X), with a combined X% share of total exports. Haiti, Venezuela and Turks and Caicos Islands lagged somewhat behind, together comprising a further X%.

Turks and Caicos Islands, with a CAGR of X%, recorded 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 grinding machine export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Turks and Caicos Islands ($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 Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grinding Machine Imports

Imports into the Dominican Republic

In 2022, grinding machine imports into the Dominican Republic skyrocketed to X units, picking up by X% on 2021 figures. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine imports surged to $X in 2022. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Brazil (X units) were the main suppliers of grinding machine imports to the Dominican Republic, together accounting for X% of total imports. Denmark, Switzerland, Spain and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Switzerland ($X) constituted the largest grinding machine suppliers to the Dominican Republic, together accounting for X% of total imports. Spain, Denmark, Brazil and Germany lagged somewhat behind, together accounting for a further X%.

Denmark, 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 grinding machine import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Brazil ($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 a decline.

Source: IndexBox Platform

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