Dominican Republic: Ride-On Compaction Equipment Market 2022

Ride-On Compaction Equipment Market Size in the Dominican Republic

In 2021, the Dominican ride-on compaction equipment market increased by X% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption, however, saw moderate growth. Ride-on compaction equipment consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Ride-On Compaction Equipment Production in the Dominican Republic

In value terms, ride-on compaction equipment production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, saw temperate growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Ride-on compaction equipment production peaked at $X in 2020, and then fell slightly in the following year.

Ride-On Compaction Equipment Exports

Exports from the Dominican Republic

In 2021, ride-on compaction equipment exports from the Dominican Republic declined dramatically to X units, shrinking by -X% on the previous year's figure. Overall, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2021. In general, exports recorded a drastic downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) was the main destination for ride-on compaction equipment exports from the Dominican Republic, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica was relatively modest.

In value terms, Costa Rica ($X) also remains the key foreign market for ride-on compaction equipment exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to Costa Rica totaled -X%.

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2021, rising by X% against the previous year. Over the period under review, the export price saw a remarkable increase. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +X% per year.

Ride-On Compaction Equipment Imports

Imports into the Dominican Republic

Ride-on compaction equipment imports into the Dominican Republic skyrocketed to X units in 2021, picking up by X% on 2020. Over the period under review, imports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ride-on compaction equipment imports surged to $X in 2021. In general, imports posted temperate growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of ride-on compaction equipment imports to the Dominican Republic, together comprising X% of total imports. These countries were followed by Brazil, Panama, Spain and France, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest ride-on compaction equipment suppliers to the Dominican Republic, with a combined X% share of total imports. These countries were followed by Brazil, Panama, Spain and France, which together accounted for a further X the main suppliers, Panama, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ride-on compaction equipment import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Panama ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform