Dominican Republic: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in the Dominican Republic

In 2022, the Dominican market for motorcycles and cycles with an auxiliary motor increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in the Dominican Republic

In value terms, production of motorcycles and cycles with an auxiliary motor rose significantly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from the Dominican Republic

In 2022, the amount of motorcycles and cycles with an auxiliary motor exported from the Dominican Republic contracted dramatically to X units, which is down by X% against 2021. Over the period under review, exports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor declined dramatically to $X in 2022. In general, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X units), British Virgin Islands (X units) and the United States (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for British Virgin Islands (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Haiti ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by British Virgin Islands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to British Virgin Islands ($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 Cuba (X%), while the prices for the other major destinations experienced a decline.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into the Dominican Republic

In 2022, imports of motorcycles and cycles with an auxiliary motor into the Dominican Republic skyrocketed to X units, increasing by X% compared with the year before. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Japan (X units) was the main motorcycles and cycles with an auxiliary motor supplier to the Dominican Republic, accounting for a X% share of total imports. It was followed by China (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled X%.

In value terms, Japan ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%.

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 China ($X per unit), while the price for Japan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :