Dominican Republic: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in the Dominican Republic

For the third consecutive year, the Dominican positive displacement pump market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a resilient increase. Positive displacement pump consumption peaked in 2022 and is expected to retain growth in the immediate term.

Positive Displacement Pump Exports

Exports from the Dominican Republic

Positive displacement pump exports from the Dominican Republic surged to X units in 2022, growing by X% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, positive displacement pump exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for positive displacement pump exports from the Dominican Republic, with a X% share of total exports. Moreover, positive displacement pump exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) emerged as the key foreign market for positive displacement pumps and hand pumps exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in supplies from abroad of positive displacement pumps and hand pumps, which increased by X% to X units in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, positive displacement pump imports declined modestly to $X in 2022. In general, imports continue to indicate a measured increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of positive displacement pump to the Dominican Republic, accounting for a X% share of total imports. Moreover, positive displacement pump imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. China (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the United States ($X) constituted the largest supplier of positive displacement pumps and hand pumps to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

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

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price faced a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 China ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :